Robeco Institutional Asset Management B.V. Decreases Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Robeco Institutional Asset Management B.V. reduced its position in Brixmor Property Group Inc. (NYSE:BRX) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,788 shares of the real estate investment trust’s stock after selling 12,365 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Brixmor Property Group were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Brixmor Property Group during the 4th quarter valued at about $45,000. Versor Investments LP purchased a new position in shares of Brixmor Property Group during the 4th quarter worth $212,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Brixmor Property Group during the 3rd quarter valued at $216,000. QRG Capital Management Inc. purchased a new stake in shares of Brixmor Property Group in the 3rd quarter worth $228,000. Finally, NBC Securities Inc. purchased a new stake in shares of Brixmor Property Group in the 3rd quarter worth $253,000. Institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

BRX has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Brixmor Property Group in a research report on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price target for the company. JPMorgan Chase & Co. reduced their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, May 13th. Stifel Nicolaus lifted their price target on shares of Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a report on Tuesday, February 13th. Truist Financial restated a “buy” rating and set a $25.00 price objective on shares of Brixmor Property Group in a research report on Monday, March 25th. Finally, The Goldman Sachs Group lowered their target price on shares of Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus price target of $25.00.

Brixmor Property Group Stock Performance

BRX stock opened at $21.75 on Friday. Brixmor Property Group Inc. has a 1-year low of $19.40 and a 1-year high of $24.47. The business has a 50-day moving average price of $22.16 and a 200 day moving average price of $22.41. The company has a market capitalization of $6.55 billion, a P/E ratio of 23.39, a PEG ratio of 2.65 and a beta of 1.53. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.45 and a quick ratio of 1.45.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.22). Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The business had revenue of $320.24 million during the quarter, compared to the consensus estimate of $314.82 million. During the same quarter in the prior year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities research analysts forecast that Brixmor Property Group Inc. will post 2.1 EPS for the current fiscal year.

Brixmor Property Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.09 annualized dividend and a yield of 5.01%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 117.21%.

Insider Activity

In related news, Director Michael B. Berman sold 10,475 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the completion of the sale, the director now directly owns 40,556 shares in the company, valued at approximately $925,487.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Brian T. Finnegan sold 7,500 shares of Brixmor Property Group stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $23.00, for a total value of $172,500.00. Following the transaction, the insider now owns 225,051 shares of the company’s stock, valued at approximately $5,176,173. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael B. Berman sold 10,475 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total transaction of $239,039.50. Following the sale, the director now directly owns 40,556 shares of the company’s stock, valued at approximately $925,487.92. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

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.