18,783 Shares in Brixmor Property Group Inc. $BRX Bought by Peak Financial Advisors LLC

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

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in 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 buying an additional 498 shares during the last quarter. Brooklyn Investment Group increased its position in Brixmor Property Group by 146.4% in the first 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 last quarter. SVB Wealth LLC purchased a new stake in Brixmor Property Group in the first quarter worth $44,000. Blue Trust Inc. increased its position in 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 worth $53,000 after buying an additional 709 shares during the last quarter. Finally, Avalon Trust Co purchased a new stake in Brixmor Property Group in the first quarter worth $59,000. 98.43% of the stock is currently owned by institutional investors.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group 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 sale, the insider owned 302,657 shares of the company's stock, valued at $8,537,953.97. The trade was 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 currently owned by company insiders.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $28.02 on Friday. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67. The business has a 50-day simple moving average of $26.64 and a 200 day simple moving average of $25.99. 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 stock has a market cap of $8.58 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.66 and a beta of 1.32.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted 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. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The business had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. During the same period in the previous year, the business earned $0.54 earnings per share. 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, research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 yield of 4.1%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's payout ratio is presently 104.55%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BRX. UBS Group began coverage on Brixmor Property Group in a research report on Friday, May 30th. They issued a "buy" rating and a $29.00 target price for the company. Mizuho lifted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a research report on Tuesday, September 9th. They issued a "buy" rating and a $32.00 price target for the company. Wells Fargo & Company lifted their price target on 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. Finally, Scotiabank lifted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company a "sector outperform" rating in a research report on Thursday, August 28th. Ten 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.58.

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.

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