Mackenzie Financial Corp Boosts Position in Brixmor Property Group Inc. (NYSE:BRX)

Mackenzie Financial Corp lifted its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 189.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 689,292 shares of the real estate investment trust's stock after purchasing an additional 451,419 shares during the quarter. Mackenzie Financial Corp owned about 0.23% of Brixmor Property Group worth $16,040,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Belpointe Asset Management LLC lifted its stake in 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 valued at $42,000 after acquiring an additional 580 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Brixmor Property Group in the first quarter worth $43,000. Covestor Ltd boosted its holdings in 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 purchasing an additional 1,159 shares during the last quarter. Fifth Third Bancorp grew its position in Brixmor Property Group by 27.9% in the third 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 stake in Brixmor Property Group during the 2nd quarter worth about $80,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Brixmor Property Group stock traded up $0.16 during trading hours on Friday, hitting $21.47. The company had a trading volume of 1,967,085 shares, compared to its average volume of 2,602,169. Brixmor Property Group Inc. has a one year low of $19.40 and a one year high of $24.47. The firm has a market cap of $6.47 billion, a PE ratio of 21.26, a PEG ratio of 2.54 and a beta of 1.53. The firm has a 50-day moving average of $22.46 and a 200 day moving average of $22.11. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.58 and a quick ratio of 0.58.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.27). Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The firm had revenue of $316.49 million for the quarter, compared to the consensus estimate of $311.77 million. During the same quarter in the previous year, the business earned $0.49 EPS. The firm's quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts expect that Brixmor Property Group Inc. will post 2.08 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.273 per share. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.27. This represents a $1.09 annualized dividend and a dividend yield of 5.09%. Brixmor Property Group's dividend payout ratio (DPR) is currently 107.92%.

Wall Street Analyst Weigh In

BRX has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Brixmor Property Group in a report on Tuesday, January 30th. They set a "buy" rating and a $27.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Brixmor Property Group from $22.75 to $24.00 and gave the stock a "hold" rating in a report on Tuesday, February 13th. Truist Financial reiterated a "buy" rating and issued a $25.00 price target on shares of Brixmor Property Group in a research note on Monday, March 25th. The Goldman Sachs Group lowered their price objective on shares of Brixmor Property Group from $28.00 to $27.00 and set a "buy" rating on the stock in a research note on Wednesday, March 27th. Finally, Mizuho reiterated a "neutral" rating and set a $24.00 price target (up previously from $23.00) on shares of Brixmor Property Group in a report 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $25.38.

Insider Activity

In related news, Director Michael B. Berman sold 10,475 shares of the company's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total transaction of $239,039.50. Following the completion of the sale, the director now owns 40,556 shares of the company's stock, valued at $925,487.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were 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 of the company's stock, valued at approximately $5,176,173. The sale was disclosed in a legal 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 that occurred on Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total transaction of $239,039.50. Following the completion of the transaction, the director now directly owns 40,556 shares of the company's stock, valued at approximately $925,487.92. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

About Brixmor Property Group

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.