Aberdeen Group plc Cuts Holdings in Brixmor Property Group Inc. $BRX

Key Points

• Aberdeen Group plc reduced its holdings in Brixmor Property Group by 78.2%, owning 251,197 shares after selling 900,935 shares in the second quarter.
• Brixmor Property Group reported a quarterly earnings per share of $0.56, surpassing analyst expectations and showing a revenue increase of 7.5% year-over-year.
• The company declared a quarterly dividend of $0.2875 per share, yielding 4.3%, with a payout ratio currently at 104.55%.

Aberdeen Group plc trimmed its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 78.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 251,197 shares of the real estate investment trust's stock after selling 900,935 shares during the period. Aberdeen Group plc owned about 0.08% of Brixmor Property Group worth $6,541,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Canada Pension Plan Investment Board raised its stake in shares of Brixmor Property Group by 10.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,616,420 shares of the real estate investment trust's stock worth $228,766,000 after buying an additional 824,404 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Brixmor Property Group by 28.2% during the 1st quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust's stock worth $185,615,000 after buying an additional 1,537,737 shares in the last quarter. Invesco Ltd. raised its stake 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 worth $171,723,000 after buying an additional 719,433 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Brixmor Property Group by 3.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,141,430 shares of the real estate investment trust's stock worth $136,505,000 after buying an additional 189,562 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Brixmor Property Group by 0.3% during the 1st quarter. Northern Trust Corp now owns 4,886,677 shares of the real estate investment trust's stock worth $129,741,000 after buying an additional 16,335 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $26.81 on Friday. 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 stock has a fifty day moving average of $27.32 and a two-hundred day moving average of $26.13. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 2.56 and a beta of 1.33. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share 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 return on equity of 11.39% and a net margin of 25.27%.Brixmor Property Group's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd were given a dividend of $0.2875 per share. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $1.15 annualized dividend and a yield of 4.3%. Brixmor Property Group's dividend payout ratio (DPR) is presently 104.55%.

Analyst Ratings Changes

Several research firms recently weighed in on BRX. Mizuho raised 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, August 20th. LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a research note on Tuesday, September 9th. They issued a "buy" rating and a $32.00 price objective for the company. Stifel Nicolaus dropped 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. Scotiabank raised their price objective on Brixmor Property Group from $30.00 to $31.00 and gave the company a "sector outperform" rating in a research note on Monday, September 15th. Finally, Wells Fargo & Company raised their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Brixmor Property Group has a consensus rating of "Moderate Buy" and a consensus price target of $30.75.

Insiders Place Their Bets

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction on 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 transaction, the insider owned 302,657 shares of the company's stock, valued at approximately $8,537,953.97. This trade represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.75% of the company's stock.

About Brixmor Property Group

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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