Algert Global LLC Buys 103,527 Shares of Brixmor Property Group Inc. $BRX

Key Points

• Algert Global LLC increased its stake in Brixmor Property Group by 19.5%, acquiring an additional 103,527 shares, bringing its total holdings to 633,843 shares valued at approximately $16.83 million.
• Brixmor Property Group announced a quarterly dividend of $0.2875, which will provide a 4.3% yield based on an annual payout of $1.15.
• The company reported a net revenue increase of 7.5% year-over-year for the quarter, with earnings per share at $0.56, slightly above analysts' estimates of $0.55.

Algert Global LLC boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 19.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 633,843 shares of the real estate investment trust's stock after acquiring an additional 103,527 shares during the period. Brixmor Property Group accounts for 0.4% of Algert Global LLC's investment portfolio, making the stock its 11th biggest holding. Algert Global LLC owned approximately 0.21% of Brixmor Property Group worth $16,829,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Transcend Capital Advisors LLC acquired a new position in shares of Brixmor Property Group during the first quarter valued at about $356,000. Principal Financial Group Inc. raised its position in shares of Brixmor Property Group by 1.6% during the first quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock valued at $18,679,000 after buying an additional 11,040 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Brixmor Property Group by 54.6% during the first quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock valued at $122,000 after buying an additional 1,628 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Brixmor Property Group by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 861 shares during the last quarter. Finally, Tower View Wealth Management LLC acquired a new position in shares of Brixmor Property Group during the first quarter valued at about $328,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Price Performance

Brixmor Property Group stock traded up $0.97 during trading hours on Friday, hitting $27.95. 547,266 shares of the stock were exchanged, compared to its average volume of 2,379,843. 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 market capitalization of $8.56 billion, a P/E ratio of 25.40, a P/E/G ratio of 2.56 and a beta of 1.29. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. The business's 50-day moving average is $25.98 and its two-hundred day moving average is $25.91.

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 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The business had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. During the same period in the prior year, the firm earned $0.54 earnings per share. Brixmor Property Group's revenue 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. Equities research analysts expect 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 will be paid on Wednesday, October 15th. Stockholders 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 dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio is 104.55%.

Analyst Ratings Changes

A number of brokerages have recently commented on BRX. The Goldman Sachs Group cut their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Scotiabank cut their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. Mizuho upped their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday. UBS Group started coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective for the company. Finally, Stifel Nicolaus decreased their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.17.

Brixmor Property Group Company 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.