Duff & Phelps Investment Management Co. Increases Stake in Brixmor Property Group Inc. (NYSE:BRX)

Duff & Phelps Investment Management Co. increased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,395,048 shares of the real estate investment trust's stock after buying an additional 322,975 shares during the quarter. Duff & Phelps Investment Management Co. owned 1.46% of Brixmor Property Group worth $102,273,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC acquired a new stake in shares of Brixmor Property Group during the fourth quarter worth approximately $45,000. Fifth Third Bancorp boosted its stake 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 worth $51,000 after purchasing an additional 535 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Brixmor Property Group during the third quarter worth $216,000. QRG Capital Management Inc. acquired a new stake in shares of Brixmor Property Group in the third quarter valued at $228,000. Finally, GW Henssler & Associates Ltd. bought a new position in shares of Brixmor Property Group in the third quarter valued at about $239,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Down 0.2 %

NYSE BRX traded down $0.05 during trading hours on Tuesday, hitting $22.10. 3,723,315 shares of the company traded hands, compared to its average volume of 2,575,794. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58. The business's 50-day moving average is $22.33 and its 200-day moving average is $22.21. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.62 and a beta of 1.53. Brixmor Property Group Inc. has a twelve month low of $19.40 and a twelve month high of $24.47.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.22). The firm had revenue of $320.24 million during the quarter, compared to analyst estimates of $314.82 million. Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. The business's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.09 earnings per share for the current year.

Brixmor Property Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, July 2nd will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Tuesday, July 2nd. Brixmor Property Group's dividend payout ratio is currently 107.92%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BRX shares. Mizuho reaffirmed a "neutral" rating and issued a $24.00 price objective (up from $23.00) on shares of Brixmor Property Group in a research note on Friday, February 23rd. The Goldman Sachs Group decreased their price objective on Brixmor Property Group from $28.00 to $27.00 and set a "buy" rating for the company in a research note on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft started coverage on Brixmor Property Group in a report on Tuesday, January 30th. They issued a "buy" rating and a $27.00 price objective for the company. Stifel Nicolaus raised their target price on Brixmor Property Group from $22.75 to $24.00 and gave the stock a "hold" rating in a report on Tuesday, February 13th. Finally, 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $25.38.

Insider Activity

In other news, Director Michael B. Berman sold 10,475 shares of the firm's 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 transaction, the director now directly owns 40,556 shares of the company's stock, valued at $925,487.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Brixmor Property Group news, insider Brian T. Finnegan sold 7,500 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $23.00, for a total value of $172,500.00. Following the transaction, the insider now directly owns 225,051 shares of the company's stock, valued at approximately $5,176,173. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael B. Berman sold 10,475 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the sale, 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 currently owned by company insiders.

Brixmor Property Group Company 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.