Greenland Capital Management LP Acquires Shares of 306,805 Brixmor Property Group Inc. $BRX

Greenland Capital Management LP bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 306,805 shares of the real estate investment trust’s stock, valued at approximately $7,989,000. Brixmor Property Group makes up about 0.8% of Greenland Capital Management LP’s holdings, making the stock its 26th biggest position. Greenland Capital Management LP owned about 0.10% of Brixmor Property Group as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BRX. LSV Asset Management grew its stake in shares of Brixmor Property Group by 9.9% in the second quarter. LSV Asset Management now owns 1,623,700 shares of the real estate investment trust’s stock valued at $42,281,000 after acquiring an additional 145,800 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Brixmor Property Group by 2.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 439,871 shares of the real estate investment trust’s stock valued at $11,454,000 after purchasing an additional 10,693 shares during the period. Westwood Holdings Group Inc. grew its position in shares of Brixmor Property Group by 27.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 579,142 shares of the real estate investment trust’s stock worth $15,081,000 after purchasing an additional 123,695 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Brixmor Property Group by 1.3% during the 2nd quarter. Intech Investment Management LLC now owns 80,176 shares of the real estate investment trust’s stock worth $2,088,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Brixmor Property Group by 19.9% during the second quarter. Cetera Investment Advisers now owns 66,248 shares of the real estate investment trust’s stock worth $1,725,000 after purchasing an additional 11,012 shares during the period. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BRX shares. Mizuho boosted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Stifel Nicolaus dropped their price objective on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a report on Tuesday, September 9th. They set 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 report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.45.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $28.21, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.75% of the company’s stock.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $26.14 on Wednesday. The company has a market cap 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. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. The business has a fifty day simple moving average of $27.12 and a 200 day simple moving average of $26.45. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67.

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 (EPS) for the quarter, meeting the consensus estimate of $0.56. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The company had revenue of $340.84 million during the quarter, compared to the consensus estimate of $335.23 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. On average, sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared 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 boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, January 5th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.7%. Brixmor Property Group’s dividend payout ratio is presently 105.50%.

About Brixmor Property Group

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.