Mirabella Financial Services LLP Makes New Investment in Brixmor Property Group Inc. (NYSE:BRX)

Mirabella Financial Services LLP purchased a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,864 shares of the real estate investment trust’s stock, valued at approximately $327,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. New York Life Investment Management LLC purchased a new position in Brixmor Property Group during the second quarter worth about $330,000. abrdn plc lifted its holdings in Brixmor Property Group by 0.7% in the second quarter. abrdn plc now owns 825,448 shares of the real estate investment trust’s stock valued at $18,160,000 after acquiring an additional 6,001 shares during the last quarter. RWC Asset Management LLP grew its position in Brixmor Property Group by 13.9% in the second quarter. RWC Asset Management LLP now owns 893,884 shares of the real estate investment trust’s stock worth $19,665,000 after acquiring an additional 109,367 shares during the period. Barclays PLC increased its stake in Brixmor Property Group by 32.0% during the second quarter. Barclays PLC now owns 466,931 shares of the real estate investment trust’s stock worth $10,272,000 after acquiring an additional 113,228 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its stake in Brixmor Property Group by 1.6% during the second quarter. Duff & Phelps Investment Management Co. now owns 3,728,138 shares of the real estate investment trust’s stock worth $82,019,000 after acquiring an additional 59,401 shares during the last quarter. Institutional investors and hedge funds own 94.98% of the company’s stock.

Brixmor Property Group Stock Up 1.7 %

Shares of NYSE BRX opened at $21.74 on Monday. Brixmor Property Group Inc. has a 1 year low of $19.40 and a 1 year high of $24.26. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 1.71 and a beta of 1.60. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.55 and a quick ratio of 0.55. The business has a 50-day moving average of $21.12 and a two-hundred day moving average of $21.37.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, January 3rd will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 5.01%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, January 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 92.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BRX shares. Mizuho increased their price target on Brixmor Property Group from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Wells Fargo & Company lifted their price target on shares of Brixmor Property Group from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Stifel Nicolaus decreased their price objective on shares of Brixmor Property Group from $24.50 to $22.75 and set a “hold” rating on the stock in a report on Tuesday, October 31st. StockNews.com initiated coverage on shares of Brixmor Property Group in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, Truist Financial reissued a “buy” rating and issued a $25.00 target price on shares of Brixmor Property Group in a research report on Monday, August 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.75.

Brixmor Property Group Company 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 365 retail centers comprise approximately 65 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.