AQR Capital Management LLC Boosts Stake in Brixmor Property Group Inc. $BRX

AQR Capital Management LLC raised its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 138.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,469,193 shares of the real estate investment trust's stock after acquiring an additional 853,835 shares during the quarter. AQR Capital Management LLC owned approximately 0.48% of Brixmor Property Group worth $38,654,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Securian Asset Management Inc. raised its holdings in Brixmor Property Group by 1.8% in the 1st quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust's stock valued at $617,000 after acquiring an additional 400 shares during the last quarter. US Bancorp DE raised its holdings in Brixmor Property Group by 6.0% in the 1st quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust's stock valued at $227,000 after acquiring an additional 484 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Brixmor Property Group by 53.1% in 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 acquiring an additional 498 shares during the last quarter. Natixis Advisors LLC raised its holdings in Brixmor Property Group by 0.4% in the 1st quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust's stock valued at $3,550,000 after acquiring an additional 519 shares during the last quarter. Finally, Ascent Group LLC raised its holdings in Brixmor Property Group by 6.0% in the 4th quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock valued at $255,000 after acquiring an additional 521 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Trading Down 0.5%

BRX stock traded down $0.15 during trading on Friday, reaching $27.94. 420,607 shares of the stock traded hands, compared to its average volume of 2,353,678. The business's 50 day moving average price is $26.60 and its 200-day moving average price 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 firm has a market capitalization of $8.55 billion, a PE ratio of 25.39, a P/E/G ratio of 2.63 and a beta of 1.32.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. During the same period in the prior 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. As a group, 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a 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%.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 25,000 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $28.21, for a total transaction of $705,250.00. Following the completion of the sale, the insider directly owned 302,657 shares of the company's stock, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.75% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group assumed coverage on Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 price target for the company. Wells Fargo & Company boosted their price target on Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. Mizuho upped their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. LADENBURG THALM/SH SH initiated coverage on Brixmor Property Group in a research report on Tuesday. They issued a "buy" rating and a $32.00 target price on the stock. Finally, Scotiabank boosted their price target 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. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.