Osaic Holdings Inc. Has $3.27 Million Holdings in Brixmor Property Group Inc. $BRX

Osaic Holdings Inc. grew its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 802.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 123,210 shares of the real estate investment trust’s stock after purchasing an additional 109,559 shares during the quarter. Osaic Holdings Inc.’s holdings in Brixmor Property Group were worth $3,266,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its position in shares of Brixmor Property Group by 53.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 498 shares during the period. SVB Wealth LLC acquired a new position in shares of Brixmor Property Group during the first quarter valued at about $44,000. EverSource Wealth Advisors LLC boosted its position in shares of Brixmor Property Group by 43.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 557 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Brixmor Property Group by 40.2% during the 2nd quarter. Parallel Advisors LLC now owns 2,283 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 655 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Brixmor Property Group by 62.5% in the 1st quarter. Quarry LP now owns 3,089 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 1,188 shares during the period. Institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on BRX shares. Wells Fargo & Company initiated coverage on Brixmor Property Group in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price target on the stock. Evercore ISI upped their target price on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a report on Tuesday, September 9th. They issued a “buy” rating and a $32.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday. Finally, Scotiabank lowered their price objective on shares of Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average price target of $30.20.

Brixmor Property Group Trading Up 1.0%

Shares of Brixmor Property Group stock opened at $26.36 on Friday. The company has a market capitalization of $8.07 billion, a P/E ratio of 24.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.10. The stock has a fifty day simple moving average of $26.29 and a 200 day simple moving average of $26.51. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $28.61. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. The business had revenue of $340.84 million for the quarter, compared to analysts’ expectations of $335.23 million. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The business’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. On average, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, January 5th will be given a dividend of $0.3075 per share. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.23 annualized dividend and a dividend yield of 4.7%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s payout ratio is 105.50%.

Brixmor Property Group Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.