43,291 Shares in Brixmor Property Group Inc. $BRX Bought by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has acquired a new position in Brixmor Property Group, purchasing 43,291 shares valued at approximately $1.15 million during the first quarter.
• Brixmor Property Group recently announced a quarterly dividend of $0.2875, representing a 4.1% dividend yield, with a payout ratio of 104.55%.
• Stock analysts have set a consensus price target of $30.75 for Brixmor Property Group, with ten research analysts rating the stock as a Buy.

Acadian Asset Management LLC purchased a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 43,291 shares of the real estate investment trust's stock, valued at approximately $1,149,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its holdings in Brixmor Property Group by 53.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 498 shares in the last quarter. Brooklyn Investment Group boosted its position in Brixmor Property Group by 146.4% in the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 953 shares during the last quarter. SVB Wealth LLC bought a new position in Brixmor Property Group in the 1st quarter valued at $44,000. Blue Trust Inc. boosted its position 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 buying an additional 709 shares during the last quarter. Finally, Avalon Trust Co bought a new position in Brixmor Property Group in the 1st quarter valued at $59,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BRX. Scotiabank increased their price objective on Brixmor Property Group from $30.00 to $31.00 and gave the company a "sector outperform" rating in a research report on Monday, September 15th. UBS Group began coverage on Brixmor Property Group in a research report on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective on the stock. Evercore ISI increased their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Stifel Nicolaus decreased their price objective 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. Finally, LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a research report on Tuesday, September 9th. They issued a "buy" rating and a $32.00 price objective on the stock. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Brixmor Property Group has an average rating of "Moderate Buy" and an average price target of $30.75.

Insider Buying and Selling

In related 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.75% of the company's stock.

Brixmor Property Group Trading Down 0.8%

Shares of NYSE:BRX traded down $0.21 during midday trading on Friday, hitting $27.63. The company had a trading volume of 3,357,047 shares, compared to its average volume of 1,947,612. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. 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 stock has a market cap of $8.46 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.62 and a beta of 1.32. The firm has a fifty day simple moving average of $26.86 and a 200 day simple moving average of $25.99.

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 (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $339.40 million for the quarter, compared to analyst estimates of $332.59 million. During the same period last year, the company earned $0.54 EPS. The firm's revenue was up 7.5% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

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

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.