EntryPoint Capital LLC Invests $281,000 in Brixmor Property Group Inc. $BRX

Key Points

• EntryPoint Capital LLC has acquired 10,595 shares of Brixmor Property Group Inc., valued at approximately $281,000, marking a new investment in the company.
• Brixmor Property Group recently reported a quarterly earnings per share of $0.56, exceeding analysts' expectations and indicating a 7.5% increase in revenue compared to the same quarter last year.
• The company announced a quarterly dividend of $0.2875 per share, resulting in an annualized dividend yield of 4.1%, with a dividend payout ratio currently at 104.55%.

EntryPoint Capital LLC bought a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,595 shares of the real estate investment trust's stock, valued at approximately $281,000.

Other large investors also recently made changes to their positions in the company. Brooklyn Investment Group raised its position in shares of Brixmor Property Group by 146.4% in the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock worth $43,000 after buying an additional 953 shares during the period. Quarry LP grew its stake in shares of Brixmor Property Group by 39.0% in the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 533 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Brixmor Property Group by 54.4% in the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 709 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of Brixmor Property Group during the first quarter worth about $59,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Brixmor Property Group during the fourth quarter worth about $71,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Price Performance

BRX traded up $0.51 during midday trading on Wednesday, reaching $28.10. 824,212 shares of the company's stock were exchanged, compared to its average volume of 2,378,649. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.61 and a beta of 1.29. 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 Inc. has a one year low of $22.28 and a one year high of $30.67. The business has a 50-day simple moving average of $26.11 and a two-hundred day simple moving average of $25.94.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.Brixmor Property Group's revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.1%. Brixmor Property Group's dividend payout ratio (DPR) is currently 104.55%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Scotiabank lowered their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. Stifel Nicolaus lowered their target price 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. UBS Group assumed coverage on 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. Mizuho upped their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Finally, The Goldman Sachs Group cut their target price on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $30.33.

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.