43,700 Shares in Brixmor Property Group Inc. $BRX Purchased by Versor Investments LP

Key Points

• Versor Investments LP acquired 43,700 shares of Brixmor Property Group, valued at approximately $1.16 million, marking a new position in the company's stock.
• Institutional investors now own 98.43% of Brixmor Property Group's stock, with significant increases in holdings from firms like Invesco Ltd. and Deutsche Bank AG.
• Brixmor Property Group recently reported earnings per share (EPS) of $0.56, exceeding analyst expectations and demonstrating a 7.5% revenue growth compared to the same quarter last year.

Versor Investments LP bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 43,700 shares of the real estate investment trust's stock, valued at approximately $1,160,000.

Several other hedge funds have also added to or reduced their stakes in BRX. Transcend Capital Advisors LLC bought a new position in Brixmor Property Group during the 1st quarter worth approximately $356,000. Principal Financial Group Inc. lifted its holdings in shares of Brixmor Property Group by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock worth $18,679,000 after purchasing an additional 11,040 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Brixmor Property Group by 54.6% in the 1st quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock worth $122,000 after acquiring an additional 1,628 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Brixmor Property Group by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock worth $255,000 after acquiring an additional 861 shares in the last quarter. Finally, Tower View Wealth Management LLC bought a new position in Brixmor Property Group in the 1st quarter valued at $328,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BRX has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced 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. Stifel Nicolaus reduced their price objective 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 initiated coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective for the company. Mizuho upped their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, 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 report on Monday, May 12th. 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 a consensus rating of "Moderate Buy" and a consensus target price of $30.17.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX traded up $0.9050 during midday trading on Friday, reaching $27.8850. 1,845,373 shares of the company traded hands, compared to its average volume of 2,388,137. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 25.35, a price-to-earnings-growth ratio of 2.56 and a beta of 1.29. The firm's fifty day moving average price is $25.98 and its two-hundred day moving average price is $25.91.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $332.59 million. During the same period in the previous year, the company posted $0.54 EPS. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 yield of 4.1%. Brixmor Property Group's dividend payout ratio is currently 104.55%.

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.