RWC Asset Management LLP Sells 49,293 Shares of Brixmor Property Group Inc. (NYSE:BRX)

RWC Asset Management LLP reduced its stake in Brixmor Property Group Inc. (NYSE:BRX) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 876,037 shares of the real estate investment trust’s stock after selling 49,293 shares during the period. Brixmor Property Group accounts for 1.2% of RWC Asset Management LLP’s portfolio, making the stock its 27th largest position. RWC Asset Management LLP’s holdings in Brixmor Property Group were worth $20,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its stake in Brixmor Property Group by 48.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,051,379 shares of the real estate investment trust’s stock worth $47,836,000 after buying an additional 672,900 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of Brixmor Property Group during the fourth quarter valued at approximately $707,000. GAMMA Investing LLC bought a new position in shares of Brixmor Property Group during the fourth quarter valued at approximately $45,000. California Public Employees Retirement System increased its stake in shares of Brixmor Property Group by 3.0% during the fourth quarter. California Public Employees Retirement System now owns 586,346 shares of the real estate investment trust’s stock valued at $13,644,000 after purchasing an additional 16,910 shares in the last quarter. Finally, Duality Advisers LP bought a new position in shares of Brixmor Property Group during the fourth quarter valued at approximately $512,000. 98.43% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BRX shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Brixmor Property Group in a research note on Tuesday, January 30th. They set a “buy” rating and a $27.00 target price for the company. Truist Financial reaffirmed a “buy” rating and set a $25.00 target price on shares of Brixmor Property Group in a research note on Monday, March 25th. Stifel Nicolaus raised their target price on shares of Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, February 13th. The Goldman Sachs Group decreased their target price on shares of Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Finally, Mizuho reiterated a “neutral” rating and set a $24.00 price target (up previously from $23.00) on shares of Brixmor Property Group in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average price target of $25.38.

Insider Buying and Selling

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

Brixmor Property Group Stock Down 0.2 %

Shares of NYSE:BRX traded down $0.05 during trading on Friday, reaching $21.72. 1,530,304 shares of the stock traded hands, compared to its average volume of 2,217,974. The stock has a 50-day moving average of $22.35 and a two-hundred day moving average of $22.17. Brixmor Property Group Inc. has a 52-week low of $19.40 and a 52-week high of $24.47. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $6.54 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 2.63 and a beta of 1.53.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.27). Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The company had revenue of $316.49 million during the quarter, compared to analysts’ expectations of $311.77 million. During the same quarter in the prior year, the business posted $0.49 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, sell-side analysts expect that Brixmor Property Group Inc. will post 2.08 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were issued a $0.273 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.09 annualized dividend and a yield of 5.03%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio (DPR) is currently 107.92%.

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.