Aew Capital Management L P Has $44.96 Million Stake in Brixmor Property Group Inc. (NYSE:BRX)

Aew Capital Management L P decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 1,932,048 shares of the real estate investment trust’s stock after selling 17,660 shares during the period. Brixmor Property Group comprises approximately 1.6% of Aew Capital Management L P’s portfolio, making the stock its 22nd largest holding. Aew Capital Management L P’s holdings in Brixmor Property Group were worth $44,959,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in Brixmor Property Group during the 4th quarter worth $45,000. Fifth Third Bancorp raised its position in Brixmor Property Group by 27.9% during the 3rd quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 535 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Brixmor Property Group during the 3rd quarter worth $216,000. QRG Capital Management Inc. bought a new position in Brixmor Property Group during the 3rd quarter worth $228,000. Finally, GW Henssler & Associates Ltd. bought a new position in Brixmor Property Group during the 3rd quarter worth $239,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insider Buying and Selling at Brixmor Property Group

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

Brixmor Property Group Stock Down 0.2 %

Brixmor Property Group stock traded down $0.05 during midday trading on Friday, reaching $21.72. The stock had a trading volume of 1,530,298 shares, compared to its average volume of 2,557,157. Brixmor Property Group Inc. has a 12 month low of $19.40 and a 12 month high of $24.47. The company has a market capitalization of $6.54 billion, a P/E ratio of 21.51, a PEG ratio of 2.62 and a beta of 1.53. The company has a fifty day moving average price of $22.38 and a two-hundred day moving average price of $22.16. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.73.

Brixmor Property Group (NYSE:BRX) last issued its 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). The firm had revenue of $316.49 million during the quarter, compared to the consensus estimate of $311.77 million. Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 earnings per share. As a group, equities analysts expect that Brixmor Property Group Inc. will post 2.08 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

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

Analysts Set New Price Targets

BRX has been the subject of several research analyst reports. The Goldman Sachs Group lowered their price objective on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th. Truist Financial reissued a “buy” rating and issued a $25.00 price objective on shares of Brixmor Property Group in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Brixmor Property Group in a research report on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price objective for the company. Stifel Nicolaus lifted their price objective on Brixmor Property Group from $22.75 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $24.00 target price (up from $23.00) on shares of Brixmor Property Group in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.38.

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.