Brixmor Property Group Inc. $BRX Shares Acquired by LSV Asset Management

LSV Asset Management boosted its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 9.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,623,700 shares of the real estate investment trust’s stock after acquiring an additional 145,800 shares during the quarter. LSV Asset Management owned 0.53% of Brixmor Property Group worth $42,281,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in BRX. Nomura Asset Management Co. Ltd. grew its stake in shares of Brixmor Property Group by 2.5% in the second quarter. Nomura Asset Management Co. Ltd. now owns 439,871 shares of the real estate investment trust’s stock worth $11,454,000 after purchasing an additional 10,693 shares in the last quarter. Westwood Holdings Group Inc. grew its position in Brixmor Property Group by 27.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 579,142 shares of the real estate investment trust’s stock valued at $15,081,000 after buying an additional 123,695 shares in the last quarter. Intech Investment Management LLC grew its position in Brixmor Property Group by 1.3% in the 2nd quarter. Intech Investment Management LLC now owns 80,176 shares of the real estate investment trust’s stock valued at $2,088,000 after buying an additional 1,011 shares in the last quarter. Cetera Investment Advisers increased its stake in Brixmor Property Group by 19.9% during the 2nd quarter. Cetera Investment Advisers now owns 66,248 shares of the real estate investment trust’s stock valued at $1,725,000 after buying an additional 11,012 shares during the period. Finally, Creative Planning raised its position in shares of Brixmor Property Group by 8.2% during the 2nd quarter. Creative Planning now owns 17,703 shares of the real estate investment trust’s stock worth $461,000 after buying an additional 1,348 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the transaction, the insider directly owned 302,657 shares in the company, valued at $8,537,953.97. This trade represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.75% of the company’s stock.

Brixmor Property Group Price Performance

NYSE BRX opened at $26.14 on Wednesday. The stock has a market capitalization of $8.00 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.46 and a beta of 1.31. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.67. The business’s fifty day moving average is $27.12 and its two-hundred day moving average is $26.45. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.19 and a current ratio of 1.19.

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

Brixmor Property Group Increases Dividend

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

Wall Street Analyst Weigh In

BRX has been the subject of several recent analyst reports. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a report on Tuesday, September 9th. They issued a “buy” rating and a $32.00 price objective for the company. Evercore ISI increased their price target on Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. JPMorgan Chase & Co. lifted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Wells Fargo & Company began coverage on Brixmor Property Group in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price objective for the company. Finally, Scotiabank decreased their target price on Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 13th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.45.

Brixmor Property Group Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.