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

Bartlett & CO. Wealth Management LLC reduced its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 74.0% during the fourth quarter, Holdings Channel.com reports. The fund 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 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in Brixmor Property Group by 328.6% in the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 723 shares during the last quarter. Quarry LP increased its stake in Brixmor Property Group by 36.3% in the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 364 shares during the last quarter. Maryland Capital Advisors Inc. bought a new position in Brixmor Property Group in the 3rd quarter worth about $46,000. Blue Trust Inc. increased its stake in Brixmor Property Group by 103.7% in the 3rd quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 1,448 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Brixmor Property Group by 53.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,421 shares of the real estate investment trust’s stock worth $123,000 after acquiring an additional 1,533 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the transaction, the insider now owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Stifel Nicolaus upped their target price on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. Evercore ISI cut their price objective on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Truist Financial upped their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. KeyCorp upped their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, Mizuho upped their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average price target of $30.19.

Brixmor Property Group Trading Up 0.7 %

Shares of BRX stock opened at $26.46 on Friday. The stock has a market capitalization of $7.99 billion, a PE ratio of 24.50, a P/E/G ratio of 3.58 and a beta of 1.59. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The business has a 50-day moving average of $28.09 and a 200 day moving average of $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 (NYSE:BRX) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.21). Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The business had revenue of $320.68 million during the quarter, compared to analysts’ expectations of $320.22 million. During the same quarter last year, the business posted $0.50 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were issued a $0.287 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.15 annualized dividend and a yield of 4.34%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio (DPR) is 106.48%.

Brixmor Property Group Company 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.