RWC Asset Management LLP Has $20.39 Million Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

RWC Asset Management LLP lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 876,037 shares of the real estate investment trust's stock after selling 49,293 shares during the period. Brixmor Property Group accounts for approximately 1.2% of RWC Asset Management LLP's portfolio, making the stock its 27th largest holding. RWC Asset Management LLP owned approximately 0.29% of Brixmor Property Group worth $20,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BRX. Metis Global Partners LLC raised its position in shares of Brixmor Property Group by 2.9% in the third quarter. Metis Global Partners LLC now owns 17,625 shares of the real estate investment trust's stock valued at $366,000 after buying an additional 496 shares during the last quarter. Fifth Third Bancorp raised its position in shares of 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 buying an additional 535 shares during the last quarter. Assetmark Inc. increased its position in Brixmor Property Group by 2.5% during the third quarter. Assetmark Inc. now owns 23,657 shares of the real estate investment trust's stock worth $492,000 after purchasing an additional 582 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Brixmor Property Group by 1.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 51,385 shares of the real estate investment trust's stock worth $1,068,000 after purchasing an additional 606 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Brixmor Property Group by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 131,470 shares of the real estate investment trust's stock worth $2,732,000 after purchasing an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Insider Activity

In other news, Director Michael B. Berman sold 10,475 shares of the company's stock in a transaction on 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 transaction, the director now directly owns 40,556 shares in the company, valued at $925,487.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Brixmor Property Group news, Director Michael B. Berman sold 10,475 shares of the stock in a transaction 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 transaction, the director now directly owns 40,556 shares in the company, valued at approximately $925,487.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction 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 transaction, the insider now owns 225,051 shares in the company, valued at $5,176,173. The disclosure for this sale can be found here. Insiders own 0.76% of the company's stock.

Brixmor Property Group Trading Down 0.2 %

Shares of Brixmor Property Group stock traded down $0.05 during trading hours on Friday, hitting $21.72. The company's stock had a trading volume of 1,530,304 shares, compared to its average volume of 2,217,974. Brixmor Property Group Inc. has a 1-year low of $19.40 and a 1-year high of $24.47. The business has a fifty day moving average of $22.35 and a 200 day moving average of $22.17. The company has a market capitalization of $6.54 billion, a PE ratio of 21.51, a P/E/G ratio of 2.63 and a beta of 1.53. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.73.

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 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.27). The firm had revenue of $316.49 million during the quarter, compared to analysts' expectations 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 for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 earnings per share. As a group, equities analysts forecast that Brixmor Property Group Inc. will post 2.08 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were paid a $0.273 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.27. This represents a $1.09 annualized dividend and a dividend yield of 5.03%. Brixmor Property Group's dividend payout ratio is 107.92%.

Analysts Set New Price Targets

Several equities analysts recently commented on BRX shares. Truist Financial reaffirmed a "buy" rating and set a $25.00 price target on shares of Brixmor Property Group in a research report on Monday, March 25th. The Goldman Sachs Group dropped their price target on shares of Brixmor Property Group from $28.00 to $27.00 and set a "buy" rating for the company in a research report on Wednesday, March 27th. Stifel Nicolaus upped their price target on shares of Brixmor Property Group from $22.75 to $24.00 and gave the stock a "hold" rating in a research report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of Brixmor Property Group in a research report on Tuesday, January 30th. They set a "buy" rating and a $27.00 price target for the company. Finally, Mizuho reissued a "neutral" rating and issued a $24.00 price objective (up previously from $23.00) on shares of Brixmor Property Group in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $25.38.

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.