Summit Trail Advisors LLC Purchases Shares of 7,227 Brixmor Property Group Inc. (NYSE:BRX)

Summit Trail Advisors LLC acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,227 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Other hedge funds have also modified their holdings of the company. Entropy Technologies LP grew its stake in Brixmor Property Group by 54.5% during the 4th quarter. Entropy Technologies LP now owns 25,500 shares of the real estate investment trust’s stock worth $710,000 after purchasing an additional 9,000 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Brixmor Property Group by 35.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 73,490 shares of the real estate investment trust’s stock worth $2,046,000 after buying an additional 19,331 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Brixmor Property Group by 0.5% during the fourth quarter. State of Alaska Department of Revenue now owns 178,985 shares of the real estate investment trust’s stock worth $4,981,000 after buying an additional 862 shares during the period. Longboard Asset Management LP acquired a new stake in Brixmor Property Group in the fourth quarter valued at approximately $222,000. Finally, abrdn plc lifted its stake in Brixmor Property Group by 18.7% in the fourth quarter. abrdn plc now owns 1,106,447 shares of the real estate investment trust’s stock worth $30,698,000 after acquiring an additional 174,155 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Trading Up 1.3 %

BRX opened at $27.56 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a 52 week low of $20.80 and a 52 week high of $30.67. The business’s 50 day moving average is $27.18 and its two-hundred day moving average is $27.44. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 2.54 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. On average, research analysts predict that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.17%. Brixmor Property Group’s dividend payout ratio is 106.48%.

Analyst Ratings Changes

A number of brokerages have commented on BRX. Scotiabank increased their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Tuesday. Truist Financial lifted their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company dropped their price objective on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, Stifel Nicolaus decreased their target price on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.69.

Insider Buying and Selling

In other news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the sale, the insider now owns 315,004 shares in the company, valued at $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.76% of the company’s stock.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.