Impact Partnership Wealth LLC Acquires New Shares in Brixmor Property Group Inc. (NYSE:BRX)

Impact Partnership Wealth LLC bought a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,086 shares of the real estate investment trust's stock, valued at approximately $364,000.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 723 shares during the period. Quarry LP increased its position in shares of Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 364 shares during the last quarter. Maryland Capital Advisors Inc. purchased a new position in Brixmor Property Group in the third quarter valued at about $46,000. Blue Trust Inc. lifted its stake in Brixmor Property Group by 103.7% in the third quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust's stock valued at $79,000 after purchasing an additional 1,448 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Brixmor Property Group by 53.1% during the 3rd quarter. GAMMA Investing LLC now owns 4,421 shares of the real estate investment trust's stock valued at $123,000 after buying an additional 1,533 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

NYSE BRX traded up $0.20 on Friday, hitting $26.46. 2,689,226 shares of the company's stock traded hands, compared to its average volume of 1,983,110. The firm has a market capitalization of $7.99 billion, a PE ratio of 24.50, a P/E/G ratio of 3.58 and a beta of 1.59. The firm's 50-day moving average price is $28.09 and its two-hundred day moving average price is $27.23. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.21). The company had revenue of $320.68 million for the quarter, compared to analysts' expectations of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. As a group, analysts expect that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were given a dividend of $0.287 per share. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Friday, January 3rd. Brixmor Property Group's dividend payout ratio (DPR) is currently 106.48%.

Analyst Ratings Changes

A number of equities analysts have recently commented on BRX shares. KeyCorp raised their price target on Brixmor Property Group from $28.00 to $32.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Scotiabank raised their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a "sector outperform" rating in a research report on Monday, November 25th. Mizuho upped their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Truist Financial boosted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, BMO Capital Markets raised Brixmor Property Group from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.19.

Insider Activity

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the transaction, the insider now directly owns 315,004 shares in the company, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.76% of the company's stock.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.