Vert Asset Management LLC Increases Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Vert Asset Management LLC lifted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 10.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 132,159 shares of the real estate investment trust's stock after acquiring an additional 12,625 shares during the quarter. Brixmor Property Group makes up about 1.3% of Vert Asset Management LLC's portfolio, making the stock its 25th biggest holding. Vert Asset Management LLC's holdings in Brixmor Property Group were worth $3,679,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. UMB Bank n.a. lifted its stake 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 worth $26,000 after buying an additional 723 shares during the last quarter. Quarry LP lifted its position in Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 364 shares during the last quarter. Maryland Capital Advisors Inc. bought a new position in shares of Brixmor Property Group during the third quarter worth approximately $46,000. Blue Trust Inc. boosted its stake in Brixmor Property Group by 103.7% in the 3rd 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 period. Finally, GAMMA Investing LLC grew its holdings in Brixmor Property Group by 53.1% in 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 in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Insider Buying and Selling

In related news, insider Steven F. Siegel sold 25,000 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.76% of the stock is currently owned by insiders.

Brixmor Property Group Stock Down 0.8 %

NYSE:BRX traded down $0.22 during trading hours on Tuesday, hitting $26.75. 654,865 shares of the company traded hands, compared to its average volume of 2,352,314. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The firm's 50-day simple moving average is $28.04 and its 200-day simple moving average is $27.29. Brixmor Property Group Inc. has a one year low of $20.80 and a one year high of $30.67. The company has a market cap of $8.08 billion, a PE ratio of 24.75, a PEG ratio of 3.58 and a beta of 1.59.

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). 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 the consensus estimate of $320.22 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The company's revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts predict that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BRX shares. Scotiabank boosted their target price 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 stock a "neutral" rating in a research report on Tuesday, December 10th. KeyCorp upped their price target on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Truist Financial boosted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Stifel Nicolaus increased their target price on Brixmor Property Group from $25.50 to $27.50 and gave the company a "hold" rating in a research report on Tuesday, October 29th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $30.19.

About Brixmor Property Group

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.