Cbre Clarion Securities LLC Purchases 839,550 Shares of Brixmor Property Group Inc. (NYSE:BRX)

Cbre Clarion Securities LLC grew its position in Brixmor Property Group Inc. (NYSE:BRX) by 31.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,482,004 shares of the real estate investment trust’s stock after acquiring an additional 839,550 shares during the period. Brixmor Property Group accounts for approximately 1.4% of Cbre Clarion Securities LLC’s investment portfolio, making the stock its 19th biggest position. Cbre Clarion Securities LLC owned 1.17% of Brixmor Property Group worth $70,441,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Panagora Asset Management Inc. lifted its stake in shares of Brixmor Property Group by 73.3% in the 1st quarter. Panagora Asset Management Inc. now owns 13,961 shares of the real estate investment trust’s stock valued at $282,000 after acquiring an additional 5,903 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Brixmor Property Group by 3.4% in the 1st quarter. Sei Investments Co. now owns 1,340,378 shares of the real estate investment trust’s stock valued at $27,050,000 after acquiring an additional 44,305 shares during the last quarter. Acadian Asset Management LLC bought a new position in Brixmor Property Group during the 1st quarter worth $55,000. Teacher Retirement System of Texas raised its position in Brixmor Property Group by 22.1% during the 1st quarter. Teacher Retirement System of Texas now owns 33,247 shares of the real estate investment trust’s stock worth $673,000 after purchasing an additional 6,014 shares during the last quarter. Finally, Monarch Partners Asset Management LLC bought a new position in Brixmor Property Group during the 1st quarter worth $5,861,000. Institutional investors own 95.90% of the company’s stock.

In other Brixmor Property Group news, insider Carolyn Carter Singh sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 8th. The shares were sold at an average price of $24.00, for a total value of $120,000.00. Following the completion of the sale, the insider now directly owns 228,768 shares of the company’s stock, valued at $5,490,432. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Angela M. Aman sold 10,000 shares of the business’s stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief financial officer now directly owns 86,702 shares of the company’s stock, valued at $2,080,848. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock valued at $996,800 over the last 90 days. Company insiders own 0.57% of the company’s stock.

Several research analysts recently issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $22.00 target price (up from $20.00) on shares of Brixmor Property Group in a research report on Monday, March 15th. Mizuho increased their price target on Brixmor Property Group from $16.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, February 23rd. Truist increased their price target on Brixmor Property Group from $17.00 to $20.00 in a report on Friday, March 5th. Zacks Investment Research downgraded Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 14th. Finally, KeyCorp raised their target price on Brixmor Property Group from $22.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, May 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.42.

BRX stock traded down $0.04 during midday trading on Friday, reaching $24.07. 28,288 shares of the company’s stock traded hands, compared to its average volume of 2,302,564. The firm has a 50-day moving average price of $22.01. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.36 and a quick ratio of 1.36. Brixmor Property Group Inc. has a 52 week low of $10.58 and a 52 week high of $24.42. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 63.45, a PEG ratio of 1.64 and a beta of 1.71.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Sunday, May 2nd. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.22). Brixmor Property Group had a net margin of 10.83% and a return on equity of 4.42%. The business had revenue of $279.75 million for the quarter, compared to the consensus estimate of $265.51 million. During the same period in the previous year, the firm earned $0.46 EPS. The company’s revenue was down .9% compared to the same quarter last year. On average, sell-side analysts forecast that Brixmor Property Group Inc. will post 1.68 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Tuesday, July 6th will be given a dividend of $0.215 per share. The ex-dividend date is Friday, July 2nd. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.57%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 58.50%.

Brixmor Property Group 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 395 retail centers comprise approximately 69 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.

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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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