7,560 Shares in Brixmor Property Group Inc. (NYSE:BRX) Bought by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC bought a new position in Brixmor Property Group Inc. (NYSE:BRX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,560 shares of the real estate investment trust’s stock, valued at approximately $211,000.

Several other institutional investors have also recently bought and sold shares of BRX. Price T Rowe Associates Inc. MD raised its holdings in Brixmor Property Group by 5.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 271,466 shares of the real estate investment trust’s stock worth $6,366,000 after acquiring an additional 14,748 shares during the period. Burney Co. grew its position in Brixmor Property Group by 8.0% in the 1st quarter. Burney Co. now owns 70,131 shares of the real estate investment trust’s stock worth $1,645,000 after purchasing an additional 5,222 shares during the last quarter. Boston Partners grew its position in Brixmor Property Group by 1,140.5% in the 1st quarter. Boston Partners now owns 545,367 shares of the real estate investment trust’s stock worth $12,774,000 after purchasing an additional 501,403 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Brixmor Property Group by 2.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 180,989 shares of the real estate investment trust’s stock worth $4,145,000 after purchasing an additional 4,314 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its position in Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 775 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Insiders Place Their Bets

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the transaction, the insider now directly owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BRX. Wells Fargo & Company raised their price target on shares of 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. Stifel Nicolaus raised their price target on shares of Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research report on Tuesday, October 29th. Mizuho raised their price target on shares of Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Evercore ISI lifted their target price on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group lifted their target price on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group has a consensus rating of “Moderate Buy” and a consensus price target of $29.38.

Brixmor Property Group Price Performance

NYSE:BRX opened at $30.37 on Friday. The firm has a market cap of $9.17 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 4.09 and a beta of 1.57. Brixmor Property Group Inc. has a 12 month low of $20.80 and a 12 month high of $30.67. 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 company’s 50-day moving average price is $28.14 and its two-hundred day moving average price is $25.65.

Brixmor Property Group (NYSE:BRX) 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). The firm had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. Brixmor Property Group’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. On average, equities analysts anticipate that Brixmor Property Group Inc. will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a $0.287 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.78%. Brixmor Property Group’s payout ratio is currently 100.93%.

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.