Franklin Resources Inc. Has $317.33 Million Stock Position in Brixmor Property Group Inc. $BRX

Franklin Resources Inc. boosted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 10.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,186,177 shares of the real estate investment trust’s stock after acquiring an additional 1,115,148 shares during the period. Franklin Resources Inc. owned 3.98% of Brixmor Property Group worth $317,328,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Cbre Investment Management Listed Real Assets LLC boosted its stake in Brixmor Property Group by 60.6% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,217,092 shares of the real estate investment trust’s stock worth $109,813,000 after acquiring an additional 1,590,940 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Brixmor Property Group by 28.2% during the 1st quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust’s stock worth $185,615,000 after purchasing an additional 1,537,737 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Brixmor Property Group during the 1st quarter worth about $34,702,000. Strs Ohio acquired a new stake in shares of Brixmor Property Group in the 1st quarter valued at about $31,061,000. Finally, Nuveen LLC bought a new stake in Brixmor Property Group in the 1st quarter valued at about $28,401,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 1.6%

NYSE:BRX opened at $26.40 on Friday. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67. The firm has a 50-day moving average price of $27.01 and a two-hundred day moving average price of $26.46. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 2.45 and a beta of 1.31.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.56. The company 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%.Brixmor Property Group’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. On average, equities analysts expect 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 given a $0.3075 dividend. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.23 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, January 5th. Brixmor Property Group’s payout ratio is presently 105.50%.

Insiders Place Their Bets

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the business’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 transaction, the insider directly owned 302,657 shares in the company, valued at $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BRX shares. Evercore ISI increased their price target on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a report on Wednesday, October 8th. Mizuho lifted their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. LADENBURG THALM/SH SH initiated coverage on shares of Brixmor Property Group in a report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price objective on the stock. Finally, Scotiabank reduced their price objective on shares of Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating for the company in a report on Thursday, November 13th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently 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.