24,640 Shares in Brixmor Property Group Inc. $BRX Acquired by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC has acquired 24,640 shares of Brixmor Property Group Inc., valued at approximately $654,000, indicating growing institutional interest in the company's stock.
• Analysts have adjusted their price targets for Brixmor Property Group, with current ratings indicating it is a "Moderate Buy" and a consensus price target of $30.17.
• Brixmor Property Group recently reported earnings of $0.56 EPS, surpassing expectations, and announced a quarterly dividend of $0.2875 per share, scheduled to be paid on October 15th.

Kovitz Investment Group Partners LLC acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,640 shares of the real estate investment trust's stock, valued at approximately $654,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BRX. Invesco Ltd. raised its position in shares of Brixmor Property Group by 12.5% during the 1st quarter. Invesco Ltd. now owns 6,467,925 shares of the real estate investment trust's stock valued at $171,723,000 after acquiring an additional 719,433 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Brixmor Property Group by 31.3% during the fourth quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock worth $163,778,000 after purchasing an additional 1,404,034 shares during the period. Ameriprise Financial Inc. increased its holdings in Brixmor Property Group by 7.8% in the fourth quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock valued at $151,155,000 after purchasing an additional 393,317 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Brixmor Property Group by 3.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,141,430 shares of the real estate investment trust's stock valued at $136,505,000 after buying an additional 189,562 shares during the period. Finally, Northern Trust Corp boosted its holdings in Brixmor Property Group by 96.2% during the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock worth $135,590,000 after buying an additional 2,388,264 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Stifel Nicolaus lowered their price target on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. The Goldman Sachs Group lowered their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Scotiabank cut their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. 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 target for the company. Finally, Mizuho upped their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.17.

Brixmor Property Group Stock Performance

Shares of BRX opened at $27.0180 on Thursday. The firm has a market cap of $8.27 billion, a P/E ratio of 24.56, a PEG ratio of 2.56 and a beta of 1.29. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74. The firm's 50 day moving average price is $25.96 and its two-hundred day moving average price is $25.90.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal 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 4.3%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio is currently 104.55%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.