Wolverine Asset Management LLC Invests $707,000 in Brixmor Property Group Inc. (NYSE:BRX)

Wolverine Asset Management LLC acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,393 shares of the real estate investment trust’s stock, valued at approximately $707,000.

Several other large investors also recently made changes to their positions in BRX. GAMMA Investing LLC bought a new position in Brixmor Property Group in the fourth quarter valued at $45,000. Fifth Third Bancorp lifted its stake in Brixmor Property Group by 27.9% in the third quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 535 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Brixmor Property Group in the third quarter valued at $216,000. QRG Capital Management Inc. acquired a new stake in Brixmor Property Group in the third quarter valued at $228,000. Finally, Vanderbilt University acquired a new stake in Brixmor Property Group in the fourth quarter valued at $265,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

NYSE BRX opened at $21.72 on Friday. The firm has a 50-day moving average of $22.38 and a 200-day moving average of $22.16. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market cap of $6.54 billion, a PE ratio of 21.51, a P/E/G ratio of 2.62 and a beta of 1.53. Brixmor Property Group Inc. has a 52-week low of $19.40 and a 52-week high of $24.47.

Brixmor Property Group (NYSE:BRX) last released 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 return on equity of 10.63% and a net margin of 24.50%. The business had revenue of $316.49 million for the quarter, compared to the consensus estimate of $311.77 million. During the same period in the prior year, the business posted $0.49 earnings per share. Brixmor Property Group’s revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.08 EPS for the current year.

Brixmor Property Group Increases Dividend

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

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on BRX shares. Truist Financial reiterated a “buy” rating and issued a $25.00 price target on shares of Brixmor Property Group in a research note on Monday, March 25th. Mizuho reiterated 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. Deutsche Bank Aktiengesellschaft started 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. 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. Finally, Stifel Nicolaus increased their price target 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus 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.