Thrivent Financial for Lutherans Trims Stake in Brixmor Property Group Inc. $BRX

Thrivent Financial for Lutherans lowered its position in Brixmor Property Group Inc. (NYSE:BRX) by 25.4% in the 2nd quarter, Holdings Channel reports. The fund owned 295,973 shares of the real estate investment trust’s stock after selling 100,676 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Brixmor Property Group were worth $7,707,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. bought a new position in Brixmor Property Group in the first quarter worth $270,000. Vanguard Personalized Indexing Management LLC grew its position in shares of Brixmor Property Group by 36.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,875 shares of the real estate investment trust’s stock worth $1,090,000 after buying an additional 11,096 shares during the period. Amundi increased its stake in shares of Brixmor Property Group by 5.6% in the 1st quarter. Amundi now owns 172,145 shares of the real estate investment trust’s stock worth $4,298,000 after acquiring an additional 9,088 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Brixmor Property Group during the 1st quarter valued at about $1,149,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Brixmor Property Group during the second quarter worth about $535,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $25.91 on Friday. The firm has a market cap of $7.93 billion, a P/E ratio of 23.77, a PEG ratio of 2.41 and a beta of 1.10. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $28.61. 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 company has a 50 day moving average of $26.36 and a 200 day moving average of $26.48.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The business had revenue of $340.84 million during the quarter, compared to analyst estimates of $335.23 million. During the same quarter last year, the company earned $0.52 EPS. The company’s quarterly 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. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm 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 $0.3075 dividend. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.23 dividend on an annualized basis and a yield of 4.7%. Brixmor Property Group’s payout ratio is presently 105.50%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday. Evercore ISI raised their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. 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 objective for the company. JPMorgan Chase & Co. increased their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, LADENBURG THALM/SH SH initiated coverage on Brixmor Property Group in a report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price target for the company. Nine research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.20.

Brixmor Property Group Company 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.