Jupiter Asset Management Ltd. Purchases New Position in Brixmor Property Group Inc. (NYSE:BRX)

Jupiter Asset Management Ltd. purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, according to its most recent filing with the SEC. The firm purchased 13,119 shares of the real estate investment trust’s stock, valued at approximately $300,000.

Several other large investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in Brixmor Property Group by 2.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 35,131 shares of the real estate investment trust’s stock worth $805,000 after buying an additional 789 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in Brixmor Property Group by 3.2% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 26,233 shares of the real estate investment trust’s stock worth $531,000 after buying an additional 814 shares during the period. Eaton Vance Management acquired a new stake in Brixmor Property Group during the 1st quarter worth approximately $39,000. Daiwa Securities Group Inc. raised its holdings in Brixmor Property Group by 2.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 76,704 shares of the real estate investment trust’s stock worth $1,756,000 after buying an additional 2,141 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in Brixmor Property Group by 2.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 101,338 shares of the real estate investment trust’s stock worth $2,320,000 after buying an additional 2,499 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Brixmor Property Group from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Tuesday, June 8th. KeyCorp raised their price target on shares of Brixmor Property Group from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, September 2nd. Zacks Investment Research cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 31st. Piper Sandler raised their price target on shares of Brixmor Property Group from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 1st. Finally, Barclays initiated coverage on shares of Brixmor Property Group in a research note on Wednesday, September 1st. They set an “overweight” rating and a $30.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Brixmor Property Group has a consensus rating of “Hold” and a consensus price target of $22.88.

In other Brixmor Property Group news, insider Brian T. Finnegan sold 5,000 shares of the firm’s stock in a transaction on Friday, August 20th. The stock was sold at an average price of $22.57, for a total transaction of $112,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven F. Siegel sold 7,500 shares of the firm’s stock in a transaction on Thursday, July 15th. The shares were sold at an average price of $22.66, for a total value of $169,950.00. The disclosure for this sale can be found here. Company insiders own 0.57% of the company’s stock.

NYSE:BRX opened at $23.27 on Wednesday. Brixmor Property Group Inc. has a 1-year low of $10.58 and a 1-year high of $24.42. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.91. The firm has a fifty day simple moving average of $22.97 and a 200 day simple moving average of $22.21. The stock has a market capitalization of $6.91 billion, a PE ratio of 35.80, a P/E/G ratio of 1.43 and a beta of 1.71.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Sunday, August 1st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.12). Brixmor Property Group had a net margin of 17.90% and a return on equity of 7.44%. The firm had revenue of $287.00 million during the quarter, compared to the consensus estimate of $274.20 million. During the same period in the prior year, the business posted $0.36 earnings per share. Brixmor Property Group’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities analysts predict that Brixmor Property Group Inc. will post 1.73 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Tuesday, October 5th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Monday, October 4th. Brixmor Property Group’s dividend payout ratio is 58.50%.

About Brixmor Property Group

Brixmor Property Group, Inc operates as real estate investment trust. It owns and operates wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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