Abich Financial Wealth Management LLC Acquires 775 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Abich Financial Wealth Management LLC boosted its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 50.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,305 shares of the real estate investment trust’s stock after purchasing an additional 775 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in Brixmor Property Group were worth $54,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Brixmor Property Group during the 4th quarter valued at approximately $40,000. GAMMA Investing LLC bought a new position in shares of Brixmor Property Group during the 4th quarter valued at approximately $45,000. Larson Financial Group LLC bought a new position in shares of Brixmor Property Group during the 1st quarter valued at approximately $47,000. Mather Group LLC. bought a new position in shares of Brixmor Property Group during the 1st quarter valued at approximately $165,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Brixmor Property Group during the 4th quarter valued at approximately $172,000. 98.43% of the stock is currently owned by institutional investors.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel 10,000 shares of the stock in a transaction dated Tuesday, July 30th. The was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BRX. JPMorgan Chase & Co. increased their price target on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Sandler restated an “overweight” rating and set a $33.00 price target (up previously from $30.00) on shares of Brixmor Property Group in a report on Wednesday. Stifel Nicolaus increased their price target on Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a report on Tuesday, July 30th. StockNews.com lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Finally, Compass Point increased their price target on Brixmor Property Group from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.75.

Brixmor Property Group Stock Down 0.7 %

Shares of Brixmor Property Group stock traded down $0.18 during trading on Friday, hitting $25.37. 2,138,770 shares of the stock traded hands, compared to its average volume of 2,199,763. The firm has a market cap of $7.65 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. The company has a current ratio of 1.50, a quick ratio of 1.45 and a debt-to-equity ratio of 1.88. Brixmor Property Group Inc. has a 52-week low of $19.46 and a 52-week high of $26.41. The stock’s fifty day simple moving average is $23.17 and its 200 day simple moving average is $22.66.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). The firm had revenue of $315.69 million for the quarter, compared to analysts’ expectations of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. On average, equities analysts predict that Brixmor Property Group Inc. will post 2.12 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group’s payout ratio is currently 117.21%.

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.