LSV Asset Management Sells 80,100 Shares of Brixmor Property Group Inc. (NYSE:BRX)

LSV Asset Management decreased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,358,800 shares of the real estate investment trust's stock after selling 80,100 shares during the period. LSV Asset Management owned 0.78% of Brixmor Property Group worth $54,889,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of Brixmor Property Group during the fourth quarter worth approximately $45,000. Fifth Third Bancorp lifted its holdings in Brixmor Property Group by 27.9% during the 3rd quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust's stock worth $51,000 after buying an additional 535 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Brixmor Property Group in the 3rd quarter valued at $216,000. QRG Capital Management Inc. acquired a new stake in shares of Brixmor Property Group in the 3rd quarter valued at $228,000. Finally, Vanderbilt University bought a new stake in shares of Brixmor Property Group during the fourth quarter worth $265,000. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Trading Down 1.0 %

Shares of BRX stock traded down $0.23 on Friday, hitting $22.19. The stock had a trading volume of 4,750,363 shares, compared to its average volume of 2,416,602. The company has a current ratio of 1.45, a quick ratio of 0.58 and a debt-to-equity ratio of 1.86. Brixmor Property Group Inc. has a twelve month low of $19.40 and a twelve month high of $24.47. The company has a fifty day moving average price of $22.28 and a two-hundred day moving average price of $22.25. The firm has a market cap of $6.69 billion, a P/E ratio of 23.86, a PEG ratio of 2.67 and a beta of 1.53.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.22). Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The business had revenue of $320.24 million during the quarter, compared to the consensus estimate of $314.82 million. During the same quarter last year, the company earned $0.50 earnings per share. The firm's revenue was up 2.8% compared to the same quarter last year. As a group, analysts forecast that Brixmor Property Group Inc. will post 2.09 earnings per share for the current fiscal year.

Brixmor Property Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a dividend of $0.2725 per share. The ex-dividend date is Monday, July 1st. This represents a $1.09 annualized dividend and a yield of 4.91%. Brixmor Property Group's dividend payout ratio (DPR) is currently 117.21%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BRX. Deutsche Bank Aktiengesellschaft began coverage on Brixmor Property Group in a report on Tuesday, January 30th. They issued a "buy" rating and a $27.00 price target on the stock. Truist Financial reiterated a "buy" rating and set a $25.00 price target on shares of Brixmor Property Group in a research report on Monday, March 25th. Mizuho reiterated a "neutral" rating and set a $24.00 target price (up previously from $23.00) on shares of Brixmor Property Group in a research report on Friday, February 23rd. Stifel Nicolaus increased their price target on Brixmor Property Group from $22.75 to $24.00 and gave the company a "hold" rating in a research note on Tuesday, February 13th. Finally, 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $25.38.

Insider Buying and Selling at Brixmor Property Group

In other 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 completion of the sale, the director now 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 this hyperlink. In other news, Director Michael B. Berman sold 10,475 shares of the business's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the sale, the director now directly owns 40,556 shares in the company, valued at $925,487.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the transaction, the insider now owns 225,051 shares of the company's stock, 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 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.