Brixmor Property Group Inc. $BRX Shares Acquired by Boston Partners

Key Points

• Boston Partners increased its stake in Brixmor Property Group by 20.2%, holding 614,965 shares valued at approximately $16.33 million.
• Brixmor Property Group reported a quarterly earnings of $0.56 per share, surpassing analysts' expectations, with an annual revenue increase of 7.5%.
• The company announced a quarterly dividend of $0.2875 per share, with a payout ratio of 104.55%, reflecting a dividend yield of 4.3%.

Boston Partners raised its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 20.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 614,965 shares of the real estate investment trust's stock after acquiring an additional 103,372 shares during the quarter. Boston Partners owned approximately 0.20% of Brixmor Property Group worth $16,326,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BRX. Envestnet Asset Management Inc. lifted its position in shares of Brixmor Property Group by 17.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 396,408 shares of the real estate investment trust's stock worth $11,036,000 after buying an additional 58,275 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Brixmor Property Group during the 4th quarter worth approximately $5,549,000. Barclays PLC lifted its position in shares of Brixmor Property Group by 122.5% during the 4th quarter. Barclays PLC now owns 463,961 shares of the real estate investment trust's stock worth $12,916,000 after buying an additional 255,430 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Brixmor Property Group by 3.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 633,316 shares of the real estate investment trust's stock worth $17,620,000 after buying an additional 21,124 shares during the last quarter. Finally, GeoWealth Management LLC lifted its position in shares of Brixmor Property Group by 31.4% during the 4th quarter. GeoWealth Management LLC now owns 11,107 shares of the real estate investment trust's stock worth $309,000 after buying an additional 2,657 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

BRX traded down $0.0250 during trading on Thursday, hitting $26.9850. The stock had a trading volume of 207,351 shares, compared to its average volume of 2,384,498. 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 firm has a market capitalization of $8.26 billion, a P/E ratio of 24.56, a PEG ratio of 2.56 and a beta of 1.29. The company's 50-day moving average price is $25.96 and its 200 day moving average price is $25.90. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. Brixmor Property Group's revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's payout ratio is currently 104.55%.

Analysts Set New Price Targets

BRX has been the subject of several recent analyst reports. Mizuho boosted their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday. Scotiabank cut their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. The Goldman Sachs Group cut their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus cut their target price on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th. Finally, UBS Group began coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.17.

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.