808,010 Brixmor Property Group Inc. $BRX Shares Bought by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 114.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,515,255 shares of the real estate investment trust’s stock after purchasing an additional 808,010 shares during the period. Miller Howard Investments Inc. NY’s holdings in Brixmor Property Group were worth $41,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC grew its holdings in Brixmor Property Group by 112.0% during the third quarter. Signaturefd LLC now owns 10,577 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 5,589 shares during the period. Evergreen Capital Management LLC increased its position in Brixmor Property Group by 11.1% during the third quarter. Evergreen Capital Management LLC now owns 9,602 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 958 shares during the last quarter. RWC Asset Management LLP increased its position in Brixmor Property Group by 2.1% during the third quarter. RWC Asset Management LLP now owns 843,772 shares of the real estate investment trust’s stock worth $23,288,000 after buying an additional 17,302 shares during the last quarter. Inspire Investing LLC raised its stake in Brixmor Property Group by 126.4% in the third quarter. Inspire Investing LLC now owns 73,890 shares of the real estate investment trust’s stock valued at $2,039,000 after buying an additional 41,252 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Brixmor Property Group by 238.7% in the third quarter. Nisa Investment Advisors LLC now owns 19,730 shares of the real estate investment trust’s stock valued at $545,000 after buying an additional 13,904 shares during the period. 98.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BRX. KeyCorp reaffirmed an “overweight” rating and issued a $34.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, October 7th. Stifel Nicolaus lifted their target price on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a report on Friday, July 31st. Truist Financial initiated coverage on Brixmor Property Group in a research note on Friday, October 2nd. They issued a “buy” rating and a $31.00 price target on the stock. Finally, Mizuho dropped their price target on Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $33.45.

Brixmor Property Group Stock Performance

NYSE BRX opened at $28.17 on Tuesday. The firm has a 50-day moving average of $28.30 and a 200-day moving average of $29.46. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $8.64 billion, a PE ratio of 20.12, a P/E/G ratio of 2.18 and a beta of 0.97. Brixmor Property Group Inc. has a 52-week low of $24.66 and a 52-week high of $32.86.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, October 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.59 by $0.01. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The business had revenue of $359.60 million during the quarter, compared to the consensus estimate of $357.28 million. During the same quarter in the previous year, the firm posted $0.56 EPS. Brixmor Property Group’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Tuesday, January 5th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, January 5th. This represents a $1.32 annualized dividend and a yield of 4.7%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.3075. Brixmor Property Group’s payout ratio is currently 87.86%.

Brixmor Property Group Profile

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.