Friedenthal Financial Acquires Shares of 27,287 Brixmor Property Group Inc. (NYSE:BRX)

Friedenthal Financial bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 27,287 shares of the real estate investment trust's stock, valued at approximately $760,000.

A number of other large investors also recently bought and sold shares of BRX. Vanguard Group Inc. raised its stake in shares of Brixmor Property Group by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust's stock worth $1,070,794,000 after buying an additional 165,572 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Brixmor Property Group by 37.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 7,324,870 shares of the real estate investment trust's stock worth $169,131,000 after purchasing an additional 1,995,299 shares during the period. Millennium Management LLC grew its holdings in shares of Brixmor Property Group by 35.5% during the 2nd quarter. Millennium Management LLC now owns 5,735,933 shares of the real estate investment trust's stock worth $132,443,000 after purchasing an additional 1,501,282 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Brixmor Property Group by 9.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,804,746 shares of the real estate investment trust's stock worth $110,940,000 after purchasing an additional 396,242 shares during the period. Finally, PGGM Investments grew its holdings in shares of Brixmor Property Group by 167.2% during the 2nd quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust's stock worth $86,847,000 after purchasing an additional 2,353,582 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Up 1.9 %

BRX traded up $0.54 on Friday, reaching $28.35. The company's stock had a trading volume of 1,832,549 shares, compared to its average volume of 2,300,006. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.50. The business's 50 day moving average is $27.23 and its 200 day moving average is $24.32. Brixmor Property Group Inc. has a 1 year low of $19.55 and a 1 year high of $28.45. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57.

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

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd were paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Wednesday, October 2nd. Brixmor Property Group's dividend payout ratio is presently 117.20%.

Analyst Ratings Changes

Several research firms recently issued reports on BRX. KeyCorp increased their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Piper Sandler reiterated 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. Scotiabank lifted their price target on Brixmor Property Group from $25.00 to $29.00 and gave the company a "sector outperform" rating in a research note on Monday, August 26th. Evercore ISI boosted their target price on Brixmor Property Group from $27.00 to $28.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Finally, Mizuho upped their price objective on Brixmor Property Group from $23.00 to $27.00 and gave the company a "neutral" rating in a research report on Monday, August 19th. 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 currently has an average rating of "Moderate Buy" and an average price target of $28.38.

Insider Transactions at Brixmor Property Group

In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of Brixmor Property Group stock in a transaction 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 completion of the sale, the director now owns 46,291 shares of the company's stock, valued at approximately $1,178,105.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.76% of the company's stock.

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.