BROOKFIELD Corp ON Decreases Stake in Brixmor Property Group Inc. $BRX

BROOKFIELD Corp ON lessened its stake in Brixmor Property Group Inc. (NYSE:BRX) by 7.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,145,452 shares of the real estate investment trust’s stock after selling 92,409 shares during the quarter. BROOKFIELD Corp ON’s holdings in Brixmor Property Group were worth $30,412,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Nicola Wealth Management LTD. purchased a new position in shares of Brixmor Property Group in the 1st quarter valued at about $836,000. Strs Ohio purchased a new position in shares of Brixmor Property Group in the 1st quarter valued at about $31,061,000. Acadian Asset Management LLC purchased a new position in shares of Brixmor Property Group in the 1st quarter valued at about $1,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Brixmor Property Group by 5.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,314,011 shares of the real estate investment trust’s stock worth $61,437,000 after purchasing an additional 114,069 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its position in shares of Brixmor Property Group by 8.8% during the 1st quarter. Great Lakes Advisors LLC now owns 156,424 shares of the real estate investment trust’s stock worth $4,153,000 after purchasing an additional 12,608 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the sale, the insider directly owned 302,657 shares of the company’s stock, valued at approximately $8,537,953.97. The trade was a 7.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company’s stock.

Brixmor Property Group Price Performance

BRX stock opened at $28.09 on Friday. The business has a 50 day moving average price of $26.60 and a 200 day moving average price of $26.00. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.63 and a beta of 1.32. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.67. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The business had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. During the same period in the previous year, the business earned $0.54 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Equities research analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group’s payout ratio is presently 104.55%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BRX shares. UBS Group started coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They set a “buy” rating and a $29.00 price objective for the company. LADENBURG THALM/SH SH assumed coverage on shares of Brixmor Property Group in a research report on Tuesday. They set a “buy” rating and a $32.00 price objective for the company. Wells Fargo & Company increased their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Stifel Nicolaus dropped their price objective on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. Finally, Mizuho boosted their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.58.

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.