Bartlett & CO. Wealth Management LLC Sells 22,200 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Bartlett & CO. Wealth Management LLC decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 74.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,800 shares of the real estate investment trust’s stock after selling 22,200 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Brixmor Property Group were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Glenmede Trust Co. NA increased its holdings in shares of Brixmor Property Group by 222.1% during the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock valued at $1,050,000 after acquiring an additional 26,000 shares in the last quarter. Vestcor Inc bought a new stake in shares of Brixmor Property Group during the third quarter valued at approximately $776,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after acquiring an additional 159,388 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of Brixmor Property Group by 33.3% during the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after acquiring an additional 36,823 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of Brixmor Property Group by 95.0% during the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after buying an additional 12,593 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of BRX opened at $26.46 on Friday. The firm has a market cap of $7.99 billion, a PE ratio of 24.50, a PEG ratio of 3.58 and a beta of 1.59. The stock’s fifty day moving average price is $28.09 and its two-hundred day moving average price is $27.20. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. Brixmor Property Group Inc. has a 1 year low of $20.80 and a 1 year high of $30.67.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.21). The firm had revenue of $320.68 million during the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.50 earnings per share. On average, equities research analysts forecast that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were paid a $0.287 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a dividend yield of 4.34%. Brixmor Property Group’s payout ratio is presently 106.48%.

Insider Buying and Selling at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 315,004 shares in the company, valued at approximately $9,305,218.16. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Truist Financial lifted their target price on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, November 15th. KeyCorp lifted their target price on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Stifel Nicolaus lifted their target price on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research report on Tuesday, October 29th. Finally, Evercore ISI cut their target price on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 24th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.19.

About Brixmor Property Group

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.