Kovitz Investment Group Partners LLC Takes $654,000 Position in Brixmor Property Group Inc. $BRX

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 bought a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,640 shares of the real estate investment trust's stock, valued at approximately $654,000.

A number of other institutional investors have also recently made changes to their positions in BRX. Raymond James Financial Inc. purchased a new stake in shares of Brixmor Property Group during the fourth quarter valued at approximately $5,549,000. GeoWealth Management LLC boosted its stake in shares of Brixmor Property Group by 31.4% during the fourth quarter. GeoWealth Management LLC now owns 11,107 shares of the real estate investment trust's stock valued at $309,000 after purchasing an additional 2,657 shares during the period. First Trust Advisors LP boosted its stake in shares of Brixmor Property Group by 71.8% during the fourth quarter. First Trust Advisors LP now owns 365,784 shares of the real estate investment trust's stock valued at $10,183,000 after purchasing an additional 152,818 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Brixmor Property Group by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,685,872 shares of the real estate investment trust's stock valued at $130,452,000 after purchasing an additional 38,427 shares during the period. Finally, MetLife Investment Management LLC boosted its stake in shares of Brixmor Property Group by 8.6% during the fourth quarter. MetLife Investment Management LLC now owns 179,102 shares of the real estate investment trust's stock valued at $4,986,000 after purchasing an additional 14,237 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Up 0.5%

BRX traded up $0.13 during trading on Tuesday, reaching $27.65. The stock had a trading volume of 3,279,182 shares, compared to its average volume of 2,115,537. The stock's 50 day moving average is $26.11 and its two-hundred day moving average is $25.94. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $8.46 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 2.61 and a beta of 1.29. Brixmor Property Group Inc. has a one year low of $22.28 and a one year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $339.40 million during 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%.The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.2%. Brixmor Property Group's dividend payout ratio (DPR) is presently 104.55%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. The Goldman Sachs Group dropped their price objective on 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 dropped their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Stifel Nicolaus dropped 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. UBS Group started coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price target for the company. Finally, Mizuho raised their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.