Park Avenue Securities LLC Buys 12,593 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Park Avenue Securities LLC grew its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 95.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 25,852 shares of the real estate investment trust's stock after purchasing an additional 12,593 shares during the quarter. Park Avenue Securities LLC's holdings in Brixmor Property Group were worth $720,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of BRX. Quarry LP boosted its position in shares of Brixmor Property Group by 36.3% in 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 period. Creative Planning boosted its holdings in shares of Brixmor Property Group by 2.8% in the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust's stock worth $337,000 after buying an additional 396 shares during the period. GAMMA Investing LLC increased its position in shares of Brixmor Property Group by 14.3% in the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust's stock worth $141,000 after acquiring an additional 631 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Brixmor Property Group by 0.4% during the third quarter. State of Alaska Department of Revenue now owns 178,123 shares of the real estate investment trust's stock valued at $4,961,000 after acquiring an additional 643 shares during the period. Finally, Truist Financial Corp lifted its position in shares of Brixmor Property Group by 0.8% in the 2nd quarter. Truist Financial Corp now owns 84,381 shares of the real estate investment trust's stock valued at $1,948,000 after acquiring an additional 659 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Trading Up 1.4 %

BRX traded up $0.37 during midday trading on Thursday, reaching $26.28. 2,571,437 shares of the company were exchanged, compared to its average volume of 2,503,488. The stock has a market capitalization of $7.94 billion, a P/E ratio of 24.33, a PEG ratio of 3.63 and a beta of 1.59. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67. The stock's 50-day simple moving average is $28.18 and its 200 day simple moving average is $27.18. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly 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). Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The business had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. During the same period in the prior year, the business earned $0.50 EPS. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, analysts forecast that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were given a dividend of $0.287 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.15 dividend on an annualized basis and a yield of 4.37%. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.27. Brixmor Property Group's dividend payout ratio is 106.48%.

Insider Transactions at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares of the company's stock, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BRX shares. Stifel Nicolaus boosted their target price on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a "hold" rating in a research note on Tuesday, October 29th. Truist Financial increased their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Evercore ISI lowered their target price on Brixmor Property Group from $32.00 to $31.00 and set an "in-line" rating on the stock in a research note on Tuesday, December 24th. Scotiabank raised their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a "sector outperform" rating in a report on Monday, November 25th. Finally, Mizuho increased their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Brixmor Property Group presently has an average rating of "Moderate Buy" and a consensus price target of $30.19.

Brixmor Property Group Company 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.