Daiwa Securities Group Inc. Trims Stock Position in Brixmor Property Group Inc. (NYSE:BRX)

Daiwa Securities Group Inc. lowered its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,941 shares of the real estate investment trust’s stock after selling 5,169 shares during the period. Daiwa Securities Group Inc.’s holdings in Brixmor Property Group were worth $2,116,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Brixmor Property Group by 28.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 185,880 shares of the real estate investment trust’s stock valued at $4,325,000 after acquiring an additional 40,675 shares in the last quarter. Mackenzie Financial Corp grew its stake in Brixmor Property Group by 189.8% in the 4th quarter. Mackenzie Financial Corp now owns 689,292 shares of the real estate investment trust’s stock worth $16,040,000 after buying an additional 451,419 shares in the last quarter. Strs Ohio grew its stake in Brixmor Property Group by 12.8% in the 4th quarter. Strs Ohio now owns 1,504,051 shares of the real estate investment trust’s stock worth $34,999,000 after buying an additional 171,076 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Brixmor Property Group by 5.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 352,609 shares of the real estate investment trust’s stock worth $8,205,000 after buying an additional 18,004 shares in the last quarter. Finally, Lecap Asset Management Ltd. purchased a new position in Brixmor Property Group in the 4th quarter worth approximately $559,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock opened at $21.73 on Tuesday. Brixmor Property Group Inc. has a 52-week low of $19.40 and a 52-week high of $24.47. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 2.59 and a beta of 1.53. The company has a fifty day moving average of $22.44 and a 200-day moving average of $22.15. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58.

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

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were issued a dividend of $0.273 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.09 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date was Monday, April 1st. Brixmor Property Group’s dividend payout ratio is currently 107.92%.

Insider Activity at Brixmor Property Group

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

Wall Street Analyst Weigh In

BRX has been the subject of a number of research reports. The Goldman Sachs Group cut their price target 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brixmor Property Group in a research note on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price target for the company. Mizuho reissued a “neutral” rating and issued a $24.00 price target (up previously from $23.00) on shares of Brixmor Property Group in a research note on Friday, February 23rd. Stifel Nicolaus upped their price objective 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. Finally, Truist Financial reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Brixmor Property Group in a research note on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.38.

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.