Versor Investments LP Invests $1.16 Million in Brixmor Property Group Inc. $BRX

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

A number of other hedge funds also recently modified their holdings of BRX. Quarry LP raised its position in shares of Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 533 shares during the period. Blue Trust Inc. raised its position in shares of 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 worth $53,000 after purchasing an additional 709 shares during the period. Avalon Trust Co acquired a new stake in shares of Brixmor Property Group during the first quarter worth about $59,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Brixmor Property Group during the fourth quarter worth about $71,000. Finally, UMB Bank n.a. raised its position in shares of Brixmor Property Group by 66.3% during the first quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust's stock worth $72,000 after purchasing an additional 1,085 shares during the period. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Up 3.4%

BRX stock traded up $0.9050 during mid-day trading on Friday, reaching $27.8850. The company had a trading volume of 1,848,585 shares, compared to its average volume of 2,202,842. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a 50 day simple moving average of $26.03 and a two-hundred day simple moving average of $25.92. The company has a market capitalization of $8.54 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 2.56 and a beta of 1.29. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm 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 business's revenue was up 7.5% compared to the same quarter last year. During the same period last 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, equities analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 104.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BRX shares. 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. Stifel Nicolaus dropped their price target on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. UBS Group began coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price target on the stock. Mizuho increased their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, The Goldman Sachs Group decreased their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and an average price target of $30.17.

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.