Mackenzie Financial Corp grew its position in shares of Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 189.8% in the 4th quarter, HoldingsChannel reports. The firm owned 689,292 shares of the real estate investment trust’s stock after acquiring an additional 451,419 shares during the quarter. Mackenzie Financial Corp’s holdings in Brixmor Property Group were worth $16,040,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new stake in Brixmor Property Group in the 1st quarter worth approximately $43,000. Covestor Ltd raised its stake in shares of Brixmor Property Group by 170.2% during the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,159 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Brixmor Property Group by 42.9% in the 1st quarter. Belpointe Asset Management LLC now owns 1,931 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 580 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Brixmor Property Group by 27.9% in the 3rd quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 535 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in shares of Brixmor Property Group during the 2nd quarter valued at $80,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
BRX has been the subject of several analyst reports. Stifel Nicolaus upped their price target on shares of Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, February 13th. The Goldman Sachs Group dropped their target price on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Truist Financial reaffirmed a “buy” rating and issued a $25.00 price target on shares of Brixmor Property Group in a research note on Monday, March 25th. Deutsche Bank Aktiengesellschaft began coverage on Brixmor Property Group in a research note on Tuesday, January 30th. They set a “buy” rating and a $27.00 price objective for the company. Finally, Mizuho reaffirmed a “neutral” rating and issued a $24.00 target price (up from $23.00) on shares of Brixmor Property Group in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.38.
View Our Latest Report on Brixmor Property Group
Brixmor Property Group Trading Up 1.4 %
NYSE BRX opened at $21.31 on Friday. The stock has a market cap of $6.42 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 2.54 and a beta of 1.53. Brixmor Property Group Inc. has a fifty-two week low of $19.40 and a fifty-two week high of $24.47. The stock has a 50 day simple moving average of $22.48 and a two-hundred day simple moving average of $22.10. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58.
Brixmor Property Group (NYSE:BRX – Get Free Report) last announced its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.27). The business had revenue of $316.49 million for the quarter, compared to the consensus estimate of $311.77 million. Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. Brixmor Property Group’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. On average, analysts forecast that Brixmor Property Group Inc. will post 2.08 earnings per share for the current year.
Brixmor Property Group Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were given a $0.273 dividend. This represents a $1.09 annualized dividend and a dividend yield of 5.12%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, April 1st. Brixmor Property Group’s dividend payout ratio (DPR) is currently 107.92%.
Insider Activity
In other Brixmor Property Group news, Director Michael B. Berman sold 10,475 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total value of $239,039.50. Following the completion of the sale, the director now directly owns 40,556 shares in the company, valued at $925,487.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Brian T. Finnegan sold 7,500 shares of Brixmor Property Group stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $23.00, for a total transaction of $172,500.00. Following the sale, the insider now directly owns 225,051 shares in the company, valued at $5,176,173. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael B. Berman sold 10,475 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the completion of the transaction, the director now owns 40,556 shares of the company’s stock, valued at approximately $925,487.92. The disclosure for this sale can be found here. 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.
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