1,650 Shares in Brixmor Property Group Inc. (NYSE:BRX) Acquired by Maryland Capital Advisors Inc.

Maryland Capital Advisors Inc. purchased a new position in Brixmor Property Group Inc. (NYSE:BRX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,650 shares of the real estate investment trust’s stock, valued at approximately $46,000.

Several other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its holdings in Brixmor Property Group by 328.6% during the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 723 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Brixmor Property Group by 258.9% during the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,007 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Brixmor Property Group during the 1st quarter worth about $47,000. Abich Financial Wealth Management LLC boosted its position in shares of Brixmor Property Group by 50.7% during the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 775 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Brixmor Property Group by 19.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 431 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Evercore ISI upped their price objective on Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. KeyCorp upped their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Scotiabank upped their target price on Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. Stifel Nicolaus upped their target price on Brixmor Property Group from $24.00 to $25.50 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Finally, Truist Financial upped their target price on Brixmor Property Group from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.38.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $27.94 on Wednesday. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 4.43 and a beta of 1.57. The stock has a 50 day simple moving average of $27.34 and a 200-day simple moving average of $24.43. Brixmor Property Group Inc. has a 12-month low of $19.55 and a 12-month high of $28.45. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data 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 net margin of 23.45% and a return on equity of 10.34%. The firm 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 business earned $0.52 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.13 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd were paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Wednesday, October 2nd. Brixmor Property Group’s payout ratio is currently 117.20%.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total transaction of $127,250.00. Following the sale, the director now owns 46,291 shares in the company, valued at approximately $1,178,105.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.76% of the stock is owned by insiders.

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.