1832 Asset Management L.P. Grows Position in Brixmor Property Group Inc. $BRX

Key Points

• 1832 Asset Management L.P. increased its stake in Brixmor Property Group by 19%, owning 204,611 shares valued at approximately $5.43 million.
• Brixmor Property Group's stock has risen by 3.4% and has a market capitalization of $8.54 billion, with a P/E ratio of 25.35.
• The company announced a quarterly dividend of $0.2875 per share, with a dividend yield of 4.1%, despite a payout ratio of 104.55%.

1832 Asset Management L.P. increased its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 19.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 204,611 shares of the real estate investment trust's stock after buying an additional 32,625 shares during the quarter. 1832 Asset Management L.P. owned about 0.07% of Brixmor Property Group worth $5,432,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BRX. Securian Asset Management Inc. grew its stake in shares of Brixmor Property Group by 1.8% in the first quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust's stock worth $617,000 after acquiring an additional 400 shares during the period. US Bancorp DE boosted its holdings in Brixmor Property Group by 6.0% in the first quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust's stock worth $227,000 after purchasing an additional 484 shares during the last quarter. Natixis Advisors LLC grew its position in Brixmor Property Group by 0.4% in the 1st quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust's stock worth $3,550,000 after purchasing an additional 519 shares during the period. Ascent Group LLC raised its stake in Brixmor Property Group by 6.0% during the 4th quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 521 shares during the last quarter. Finally, Quarry LP raised its stake in Brixmor Property Group by 39.0% during the 4th 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 during the last quarter. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Up 3.4%

NYSE BRX opened at $27.8850 on Monday. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 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. The company has a market capitalization of $8.54 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 2.64 and a beta of 1.29. The stock's 50-day moving average price is $26.03 and its 200-day moving average price is $25.92.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company 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 company posted $0.54 EPS. The firm's 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. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 104.55%.

Wall Street Analysts Forecast Growth

BRX has been the topic of a number of research reports. Scotiabank dropped their price target on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. Mizuho raised 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. The Goldman Sachs Group reduced their price target on shares of 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. Stifel Nicolaus lowered their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Finally, UBS Group started coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Brixmor Property Group has an average rating of "Moderate Buy" and an average target price of $30.17.

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.

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