Aberdeen Group plc Purchases 45,685 Shares of Brixmor Property Group Inc. $BRX

Key Points

• Aberdeen Group plc increased its holdings in Brixmor Property Group by 4.1% during the first quarter, owning approximately 1,152,132 shares valued at $30.38 million.
• Brixmor reported a quarterly EPS of $0.56, surpassing expectations, with revenue of $339.40 million for the quarter—up 7.5% year-over-year.
• The company has recently announced a quarterly dividend of $0.2875 per share, set to be paid on October 15th, representing a 4.3% yield.

Aberdeen Group plc increased its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,152,132 shares of the real estate investment trust's stock after purchasing an additional 45,685 shares during the quarter. Aberdeen Group plc owned about 0.38% of Brixmor Property Group worth $30,376,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quarry LP lifted its holdings in Brixmor Property Group by 39.0% in 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. lifted its holdings in Brixmor Property Group by 54.4% in the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 709 shares during the last quarter. Avalon Trust Co acquired a new stake in Brixmor Property Group in the 1st quarter valued at about $59,000. Fourth Dimension Wealth LLC acquired a new stake in Brixmor Property Group in the 4th quarter valued at about $71,000. Finally, UMB Bank n.a. lifted its holdings in Brixmor Property Group by 66.3% in the 1st quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust's stock valued at $72,000 after acquiring an additional 1,085 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

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

Brixmor Property Group Stock Down 0.2%

Shares of BRX traded down $0.0550 during trading hours on Thursday, reaching $26.9550. The company's stock had a trading volume of 1,175,398 shares, compared to its average volume of 2,388,267. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 2.56 and a beta of 1.29. Brixmor Property Group Inc. has a 1-year low of $22.28 and a 1-year high of $30.67. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. The company has a 50 day moving average of $25.96 and a two-hundred day moving average of $25.90.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its 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 company had revenue of $339.40 million for 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.3%. Brixmor Property Group's payout ratio is presently 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.