Peak Financial Advisors LLC Takes Position in Brixmor Property Group Inc. $BRX

Key Points

• Peak Financial Advisors LLC purchased 18,783 shares of Brixmor Property Group, valued at approximately $489,000, during the second quarter.
• Brixmor recently announced a quarterly dividend of $0.2875 per share, representing a 4.1% yield, with an ex-dividend date on October 2nd.
• Analysts have largely rated Brixmor Property Group as a Moderate Buy, with a consensus price target of $30.58 based on several recent upgrades.

Peak Financial Advisors LLC purchased a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,783 shares of the real estate investment trust's stock, valued at approximately $489,000.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in shares of Brixmor Property Group by 53.1% in the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 498 shares during the period. Brooklyn Investment Group grew its position in Brixmor Property Group by 146.4% during the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 953 shares during the period. SVB Wealth LLC bought a new stake in Brixmor Property Group during the first quarter valued at approximately $44,000. Blue Trust Inc. grew its position in Brixmor Property Group by 54.4% during 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 during the period. Finally, Avalon Trust Co bought a new stake in Brixmor Property Group during the first quarter valued at approximately $59,000. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Price Performance

Brixmor Property Group stock traded down $0.21 during trading on Friday, reaching $27.63. The company had a trading volume of 744,357 shares, compared to its average volume of 2,337,370. The firm's 50-day simple moving average is $26.82 and its 200 day simple moving average is $26.01. Brixmor Property Group Inc. has a 1-year low of $22.28 and a 1-year high of $30.67. The firm has a market capitalization of $8.46 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The company had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. During the same quarter in the previous year, the company posted $0.54 EPS. The firm's quarterly 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. As a group, equities research analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business 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. 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 4.2%. Brixmor Property Group's payout ratio is currently 104.55%.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on 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. This represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BRX has been the subject of several recent research reports. UBS Group initiated coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 target price for the company. Wells Fargo & Company boosted their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. LADENBURG THALM/SH SH assumed coverage on shares of Brixmor Property Group in a report on Tuesday, September 9th. They set a "buy" rating and a $32.00 price target on the stock. Scotiabank lifted their price target on shares of Brixmor Property Group from $30.00 to $31.00 and gave the company a "sector outperform" rating in a report on Monday. Finally, 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 report on Wednesday, August 20th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.75.

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.