Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Algert Global LLC

Algert Global LLC lifted its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 29.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 208,502 shares of the real estate investment trust's stock after purchasing an additional 47,062 shares during the period. Algert Global LLC owned 0.07% of Brixmor Property Group worth $4,814,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in shares of Brixmor Property Group by 19.1% in the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 431 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Brixmor Property Group by 5.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust's stock valued at $223,000 after purchasing an additional 481 shares during the period. Abich Financial Wealth Management LLC boosted its holdings in shares of Brixmor Property Group by 50.7% in the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 775 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Brixmor Property Group by 45.5% in the second quarter. GAMMA Investing LLC now owns 2,888 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 903 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Brixmor Property Group by 258.9% in the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,007 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

Shares of NYSE BRX traded up $0.46 during mid-day trading on Monday, hitting $27.86. The stock had a trading volume of 2,033,205 shares, compared to its average volume of 2,319,451. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.50 and a current ratio of 1.50. The company has a 50 day moving average of $26.49 and a two-hundred day moving average of $23.84. Brixmor Property Group Inc. has a twelve month low of $19.46 and a twelve month high of $28.45. The firm has a market cap of $8.39 billion, a PE ratio of 29.46, a PEG ratio of 4.56 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm had revenue of $315.69 million during the quarter, compared to analyst estimates of $317.75 million. During the same period in the previous year, the company earned $0.52 earnings per share. Brixmor Property Group's revenue was up 1.9% on a year-over-year basis. Research analysts predict that Brixmor Property Group Inc. will post 2.13 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group's payout ratio is 117.20%.

Analysts Set New Price Targets

A number of equities analysts recently commented on BRX shares. Truist Financial boosted their price objective on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Scotiabank boosted their price objective on shares of Brixmor Property Group from $25.00 to $29.00 and gave the stock a "sector outperform" rating in a research note on Monday, August 26th. Evercore ISI boosted their price objective on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. KeyCorp boosted their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Finally, Compass Point boosted their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, September 10th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Brixmor Property Group has an average rating of "Moderate Buy" and a consensus price target of $28.38.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of the company's stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the insider now directly owns 360,004 shares of the company's stock, valued at $8,640,096. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the sale, the director now directly owns 46,291 shares of the company's stock, valued at approximately $1,178,105.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven F. Siegel sold 10,000 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the insider now directly owns 360,004 shares in the company, valued at $8,640,096. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Brixmor Property Group Profile

Brixmor NYSE: BRX is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.