Amundi Acquires 9,088 Shares of Brixmor Property Group Inc. $BRX

Key Points

• Amundi increased its stake in Brixmor Property Group by 5.6%, acquiring an additional 9,088 shares, bringing its total ownership to about 0.06% of the company valued at $4.3 million.
• Brixmor Property Group recently reported quarterly earnings of $0.56 per share, surpassing analyst expectations, with revenues totaling $339.40 million for the quarter.
• The company declared a quarterly dividend of $0.2875 per share to be paid on October 15, reflecting an annualized dividend yield of 4.1%.

Amundi increased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 172,145 shares of the real estate investment trust's stock after acquiring an additional 9,088 shares during the quarter. Amundi owned about 0.06% of Brixmor Property Group worth $4,298,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BRX. Smartleaf Asset Management LLC boosted its position in shares of Brixmor Property Group by 53.1% during the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 498 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of Brixmor Property Group by 146.4% during the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 953 shares during the last quarter. SVB Wealth LLC purchased a new stake in Brixmor Property Group during the first quarter valued at $44,000. Blue Trust Inc. raised its stake in Brixmor Property Group by 54.4% during the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 709 shares in the last quarter. Finally, Avalon Trust Co purchased a new stake in Brixmor Property Group during the first quarter valued at $59,000. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Trading Down 0.2%

BRX stock traded down $0.07 during trading on Friday, hitting $28.02. The company had a trading volume of 1,611,516 shares, compared to its average volume of 1,823,439. The firm has a market capitalization of $8.58 billion, a P/E ratio of 25.48, a PEG ratio of 2.66 and a beta of 1.32. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $30.67. The company has a 50 day simple moving average of $26.64 and a 200-day simple moving average of $25.99. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73.

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 EPS for the quarter, topping the consensus estimate 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 net margin of 25.27% and a return on equity of 11.39%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share 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. Investors of record on Thursday, October 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 104.55%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Scotiabank upped their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company a "sector outperform" rating in a research note on Thursday, August 28th. Wells Fargo & Company upped their price target on shares of 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. 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 research note on Wednesday, August 20th. Stifel Nicolaus decreased their price target 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. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Brixmor Property Group in a research note on Tuesday. They set a "buy" rating and a $32.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.58.

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.