Impact Partnership Wealth LLC Invests $364,000 in Brixmor Property Group Inc. (NYSE:BRX)

Impact Partnership Wealth LLC acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 13,086 shares of the real estate investment trust’s stock, valued at approximately $364,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Glenmede Trust Co. NA lifted its position in shares of Brixmor Property Group by 222.1% during the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after purchasing an additional 26,000 shares in the last quarter. Vestcor Inc purchased a new stake in Brixmor Property Group during the 3rd quarter worth approximately $776,000. Charles Schwab Investment Management Inc. lifted its holdings in Brixmor Property Group by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after buying an additional 159,388 shares in the last quarter. Natixis Advisors LLC boosted its position in Brixmor Property Group by 33.3% in the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after buying an additional 36,823 shares during the period. Finally, Park Avenue Securities LLC grew its stake in shares of Brixmor Property Group by 95.0% in the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after acquiring an additional 12,593 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Scotiabank increased their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Mizuho lifted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Stifel Nicolaus lifted 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 note on Tuesday, October 29th. Finally, Truist Financial boosted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus price target of $30.19.

Brixmor Property Group Trading Up 0.7 %

Shares of Brixmor Property Group stock opened at $26.46 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $7.99 billion, a P/E ratio of 24.50, a PEG ratio of 3.58 and a beta of 1.59. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67. The company’s fifty day moving average is $28.09 and its two-hundred day moving average is $27.20.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (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 company had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. During the same period in the prior year, the business earned $0.50 EPS. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts forecast that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were paid a $0.287 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Friday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio (DPR) is 106.48%.

Insider Activity

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 transaction 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. This represents a 7.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.