Amundi Buys 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 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,145 shares of the real estate investment trust's stock after purchasing an additional 9,088 shares during the quarter. Amundi owned 0.06% of Brixmor Property Group worth $4,298,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in 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 purchasing an additional 498 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of Brixmor Property Group by 146.4% in 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 shares of Brixmor Property Group during the 1st quarter valued at $44,000. Blue Trust Inc. grew its position 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 acquiring an additional 709 shares during the period. Finally, Avalon Trust Co acquired a new stake in Brixmor Property Group during the 1st quarter worth approximately $59,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRX has been the topic of a number of recent research reports. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a research report on Tuesday, September 9th. They set a "buy" rating and a $32.00 target price on the stock. UBS Group initiated coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price target on the stock. Scotiabank increased their price target on Brixmor Property Group from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of 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. Finally, Stifel Nicolaus decreased their price target on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.75.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on 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 directly owned 302,657 shares in the company, valued at $8,537,953.97. This represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.75% of the company's stock.

Brixmor Property Group Stock Performance

Shares of BRX stock traded down $0.18 during trading on Tuesday, reaching $27.88. The company had a trading volume of 2,105,731 shares, compared to its average volume of 1,831,777. The company has a market capitalization of $8.53 billion, a PE ratio of 25.35, a PEG ratio of 2.66 and a beta of 1.32. 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 one year low of $22.28 and a one year high of $30.67. The firm's 50 day simple moving average is $26.73 and its two-hundred day simple moving average is $25.99.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data 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 net margin of 25.27% and a return on equity of 11.39%. The company had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The business'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. Sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The company also recently announced 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 of this dividend is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is 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.