Edgestream Partners L.P. Has $6.52 Million Stock Holdings in Brixmor Property Group Inc. (NYSE:BRX)

Edgestream Partners L.P. lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 35.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 233,967 shares of the real estate investment trust’s stock after buying an additional 60,899 shares during the quarter. Edgestream Partners L.P. owned about 0.08% of Brixmor Property Group worth $6,518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. increased its position in Brixmor Property Group by 328.6% during the third 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 period. Blue Trust Inc. increased its holdings in shares of Brixmor Property Group by 258.9% during the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 1,007 shares during the period. Maryland Capital Advisors Inc. bought a new position in shares of Brixmor Property Group during the third quarter worth approximately $46,000. Abich Financial Wealth Management LLC raised its position in shares of Brixmor Property Group by 50.7% in the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 775 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Brixmor Property Group by 19.1% in the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 431 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. KeyCorp raised their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Evercore ISI boosted their price target on Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Compass Point increased their price objective on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Mizuho raised their target price on shares of Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, Wells Fargo & Company upped their price target on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.38.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now directly owns 315,004 shares in the company, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.76% of the stock is currently owned by insiders.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $30.10 on Friday. The company’s 50 day moving average price is $28.23 and its two-hundred day moving average price is $25.74. The firm has a market capitalization of $9.09 billion, a P/E ratio of 27.87, a P/E/G ratio of 4.14 and a beta of 1.57. Brixmor Property Group Inc. has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. 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). The firm had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned $0.50 EPS. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.287 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s payout ratio is 100.93%.

Brixmor Property Group 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.