American Century Companies Inc. Purchases New Position in Brixmor Property Group Inc. $BRX

Key Points

• American Century Companies Inc. has acquired 10,182 shares of Brixmor Property Group Inc. (NYSE:BRX), valued at approximately $270,000, signaling interest in this real estate investment trust.
• Recent institutional investments include a 12.5% increase in holdings by Invesco Ltd. and a 31.3% boost from Deutsche Bank AG, indicating strong institutional support for Brixmor.
• The company announced a quarterly dividend of $0.2875 per share, representing a 4.1% dividend yield, with a high payout ratio of 104.55%.

American Century Companies Inc. 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,182 shares of the real estate investment trust's stock, valued at approximately $270,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its position in shares of Brixmor Property Group by 54.4% during the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock worth $53,000 after buying an additional 709 shares in the last quarter. Avalon Trust Co bought a new stake in Brixmor Property Group during the first quarter valued at about $59,000. Fourth Dimension Wealth LLC bought a new stake in Brixmor Property Group during the fourth quarter valued at about $71,000. UMB Bank n.a. boosted its position in 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 valued at $72,000 after purchasing an additional 1,085 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in 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 purchasing an additional 1,628 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the transaction, the insider directly owned 302,657 shares in the company, valued at $8,537,953.97. This trade represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BRX shares. 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 report on Wednesday, August 27th. LADENBURG THALM/SH SH started coverage on Brixmor Property Group in a research report on Tuesday. They set a "buy" rating and a $32.00 price objective on the stock. Scotiabank raised their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the company a "sector outperform" rating in a research report on Thursday, August 28th. UBS Group assumed coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective on the stock. Finally, Mizuho increased their price target 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. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $30.58.

Brixmor Property Group Stock Up 1.1%

Brixmor Property Group stock traded up $0.30 during midday trading on Thursday, reaching $28.09. The company's stock had a trading volume of 1,917,410 shares, compared to its average volume of 1,817,426. The stock's 50-day simple moving average is $26.60 and its 200-day simple moving average is $26.00. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $30.67. The stock has a market capitalization of $8.60 billion, a P/E ratio of 25.54, a PEG ratio of 2.63 and a beta of 1.32.

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 analysts' consensus estimates 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 company had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. During the same period last year, the business posted $0.54 earnings per share. The firm'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. On average, sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.1%. The ex-dividend date 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.