Edgestream Partners L.P. Makes New $4 Million Investment in Brixmor Property Group Inc. (NYSE:BRX)

Edgestream Partners L.P. purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 173,068 shares of the real estate investment trust’s stock, valued at approximately $3,996,000. Edgestream Partners L.P. owned 0.06% of Brixmor Property Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its stake in Brixmor Property Group by 258.9% in the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,007 shares during the period. Quarry LP bought a new stake in shares of Brixmor Property Group in the 4th quarter valued at about $40,000. Larson Financial Group LLC acquired a new stake in shares of Brixmor Property Group in the 1st quarter valued at approximately $47,000. Abich Financial Wealth Management LLC raised its position in shares of Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 775 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Brixmor Property Group by 19.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 431 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the insider now owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total transaction of $127,250.00. Following the completion of the sale, the director now owns 46,291 shares of the company’s stock, valued at approximately $1,178,105.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the insider now owns 360,004 shares in the company, valued at $8,640,096. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BRX has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Compass Point raised their price target on Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Piper Sandler reiterated an “overweight” rating and set a $33.00 price objective (up previously from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Mizuho increased their target price on Brixmor Property Group from $23.00 to $27.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company lifted their price target on shares of Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.38.

Brixmor Property Group Stock Down 0.5 %

Shares of BRX stock opened at $28.01 on Wednesday. The firm’s fifty day moving average price is $25.77 and its two-hundred day moving average price is $23.52. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88. Brixmor Property Group Inc. has a 1 year low of $19.46 and a 1 year high of $28.38. The firm has a market capitalization of $8.44 billion, a P/E ratio of 30.11, a PEG ratio of 4.78 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The company had revenue of $315.69 million during the quarter, compared to analyst estimates of $317.75 million. During the same period in the prior year, the firm posted $0.52 EPS. Brixmor Property Group’s revenue was up 1.9% compared to the same quarter last year. On average, equities analysts predict that Brixmor Property Group Inc. will post 2.13 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be paid a $0.2725 dividend. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.09 annualized dividend and a dividend yield of 3.89%. Brixmor Property Group’s dividend payout ratio is presently 117.20%.

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.