Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 73.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,908 shares of the real estate investment trust's stock after acquiring an additional 39,910 shares during the period. Oliver Luxxe Assets LLC's holdings in Brixmor Property Group were worth $2,616,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of Brixmor Property Group by 328.6% during the 3rd 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 last quarter. Blue Trust Inc. lifted its stake in 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 worth $33,000 after acquiring an additional 1,007 shares during the period. Quarry LP purchased a new stake in Brixmor Property Group during the fourth quarter worth $40,000. Larson Financial Group LLC purchased a new stake in shares of Brixmor Property Group during the 1st quarter worth $47,000. Finally, Abich Financial Wealth Management LLC boosted its stake in 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 acquiring an additional 775 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Up 1.0 %

NYSE:BRX traded up $0.28 during trading hours on Monday, hitting $27.19. The company's stock had a trading volume of 1,109,278 shares, compared to its average volume of 2,314,741. The stock has a fifty day moving average of $27.01 and a 200-day moving average of $24.20. The stock has a market capitalization of $8.19 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. Brixmor Property Group Inc. has a 52-week low of $19.55 and a 52-week high of $28.45. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88.

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

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be issued a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group's dividend payout ratio is presently 117.20%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Stifel Nicolaus upped their target price on Brixmor Property Group from $24.00 to $25.50 and gave the company a "hold" rating in a research report on Tuesday, July 30th. Piper Sandler reaffirmed an "overweight" rating and issued a $33.00 target price (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. StockNews.com lowered shares of Brixmor Property Group from a "buy" rating to a "hold" rating in a research report on Wednesday, August 7th. Scotiabank upped their target price on shares of Brixmor Property Group from $25.00 to $29.00 and gave the company a "sector outperform" rating in a research report on Monday, August 26th. Finally, Wells Fargo & Company raised their price target on Brixmor Property Group from $24.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $28.38.

Insider Buying and Selling

In other news, Director Sheryl Maxwell Crosland sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total transaction of $127,250.00. Following the sale, the director now owns 46,291 shares of the company's stock, valued at $1,178,105.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Brixmor Property Group news, insider Steven F. Siegel sold 10,000 shares of the firm's stock in a transaction dated Tuesday, July 16th. The stock was 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 approximately $8,640,096. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the completion of the sale, the director now owns 46,291 shares of the company's stock, valued at approximately $1,178,105.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.76% of the stock is currently 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.