Brixmor Property Group Inc. $BRX Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp increased its stake in Brixmor Property Group by 0.3%, owning approximately 4.89 million shares valued at $129.74 million after acquiring additional shares in the first quarter.
• Brixmor reported a quarterly earnings per share of $0.56, slightly beating estimates, with revenues of $339.40 million, which is a 7.5% increase year-over-year.
• A quarterly dividend of $0.2875 per share has been announced, yielding 4.1% annually, with a payout ratio of 104.55% as of the latest disclosure.

Northern Trust Corp grew its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 0.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,886,677 shares of the real estate investment trust's stock after acquiring an additional 16,335 shares during the period. Northern Trust Corp owned about 1.60% of Brixmor Property Group worth $129,741,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Transcend Capital Advisors LLC acquired a new position in shares of Brixmor Property Group in the first quarter worth about $356,000. Principal Financial Group Inc. raised its position in shares of Brixmor Property Group by 1.6% in the first quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock worth $18,679,000 after acquiring an additional 11,040 shares during the period. Fifth Third Bancorp raised its position in shares of Brixmor Property Group by 54.6% in the first quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock worth $122,000 after acquiring an additional 1,628 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Brixmor Property Group by 9.8% in the first quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock worth $255,000 after acquiring an additional 861 shares during the period. Finally, Tower View Wealth Management LLC acquired a new position in shares of Brixmor Property Group during the 1st quarter worth about $328,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BRX. The Goldman Sachs Group reduced their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Scotiabank reduced their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. Mizuho upped their price target 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. UBS Group began coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price target for the company. Finally, Stifel Nicolaus reduced their price target on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Brixmor Property Group has a consensus rating of "Moderate Buy" and a consensus target price of $30.17.

Brixmor Property Group Stock Up 3.4%

Shares of NYSE BRX opened at $27.8850 on Friday. The company has a 50-day moving average of $26.03 and a 200 day moving average of $25.92. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.67. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The stock has a market cap of $8.54 billion, a PE ratio of 25.35, a P/E/G ratio of 2.56 and a beta of 1.29.

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 earnings per share for the quarter, beating 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 business had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. During the same quarter in the prior year, the company posted $0.54 EPS. The business's revenue for the quarter 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 predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.1%. 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.

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