Brixmor Property Group Inc. (NYSE:BRX) Shares Acquired by Abich Financial Wealth Management LLC

Abich Financial Wealth Management LLC grew its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 50.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,305 shares of the real estate investment trust’s stock after buying an additional 775 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in Brixmor Property Group were worth $54,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Quarry LP purchased a new position in Brixmor Property Group in the 4th quarter valued at approximately $40,000. GAMMA Investing LLC purchased a new position in Brixmor Property Group in the 4th quarter valued at approximately $45,000. Larson Financial Group LLC purchased a new position in Brixmor Property Group in the 1st quarter valued at approximately $47,000. Mather Group LLC. purchased a new position in Brixmor Property Group in the 1st quarter valued at approximately $165,000. Finally, Kapitalo Investimentos Ltda purchased a new position in Brixmor Property Group in the 4th quarter valued at approximately $172,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Down 0.7 %

Shares of NYSE BRX traded down $0.18 on Friday, hitting $25.37. The company had a trading volume of 2,138,770 shares, compared to its average volume of 2,199,763. Brixmor Property Group Inc. has a 12-month low of $19.46 and a 12-month high of $26.41. The business has a 50 day moving average of $23.17 and a two-hundred day moving average of $22.66. The company has a quick ratio of 1.45, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $7.65 billion, a P/E ratio of 27.28, a PEG ratio of 4.43 and a beta of 1.57.

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

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 117.21%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Evercore ISI raised Brixmor Property Group to a “hold” rating in a research report on Tuesday, July 30th. The Goldman Sachs Group raised their price target on Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler reissued an “overweight” rating and set a $33.00 price target (up previously from $30.00) on shares of Brixmor Property Group in a research report on Wednesday. Compass Point raised their price target on Brixmor Property Group from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Mizuho decreased their price objective on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Thursday, May 23rd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.75.

Insider Buying and Selling

In related news, insider Steven F. Siegel 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.76% of the company’s stock.

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 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.