Atlantic Union Bankshares Corp Takes $226,000 Position in Brixmor Property Group Inc. (NYSE:BRX)

Atlantic Union Bankshares Corp purchased a new position in Brixmor Property Group Inc. (NYSE:BRX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,125 shares of the real estate investment trust’s stock, valued at approximately $226,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Infrastructure Capital Advisors LLC bought a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $211,000. PEAK6 Investments LLC purchased a new position in Brixmor Property Group in the third quarter worth $247,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Brixmor Property Group by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,365,410 shares of the real estate investment trust’s stock worth $65,900,000 after purchasing an additional 79,778 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Brixmor Property Group during the 3rd quarter valued at $6,229,000. Finally, Glenmede Trust Co. NA boosted its position in shares of Brixmor Property Group by 222.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after purchasing an additional 26,000 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRX has been the topic of several recent analyst reports. Scotiabank upped their target price on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Mizuho upped their price objective 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. Truist Financial lifted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. KeyCorp upped their price target on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, Evercore ISI raised their price target on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus price target of $29.38.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.76% of the company’s stock.

Brixmor Property Group Stock Down 1.0 %

NYSE:BRX opened at $30.07 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. The company’s fifty day moving average price is $28.23 and its 200-day moving average price is $25.74. Brixmor Property Group Inc. has a 1-year low of $20.80 and a 1-year high of $30.67. The firm has a market capitalization of $9.08 billion, a P/E ratio of 27.84, a PEG ratio of 4.14 and a beta of 1.57.

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 analysts’ consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The company had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. During the same quarter in the previous year, the business posted $0.50 EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts anticipate that Brixmor Property Group Inc. will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.287 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, January 3rd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.82%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.48%.

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.