Brixmor Property Group Inc. $BRX Shares Purchased by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in Brixmor Property Group Inc. by 300.2% during Q2, owning a total of 42,904 shares valued at $1.117 million.
• Brixmor Property Group reported $0.56 earnings per share for the last quarter, exceeding the consensus estimate, with a revenue increase of 7.5% year-over-year.
• The company declared a quarterly dividend of $0.2875 per share, yielding 4.2% annually, although its payout ratio is currently high at 104.55%.

Envestnet Portfolio Solutions Inc. boosted its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 300.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,904 shares of the real estate investment trust's stock after buying an additional 32,183 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Brixmor Property Group were worth $1,117,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC acquired a new stake in Brixmor Property Group in the 1st quarter worth about $356,000. Principal Financial Group Inc. boosted its stake in Brixmor Property Group by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock worth $18,679,000 after buying an additional 11,040 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Brixmor Property Group in the 1st quarter worth about $270,000. Janney Montgomery Scott LLC raised its holdings in shares of Brixmor Property Group by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 861 shares during the period. Finally, Tower View Wealth Management LLC purchased a new position in shares of Brixmor Property Group in the 1st quarter worth about $328,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX opened at $27.21 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current 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 business's 50-day simple moving average is $27.35 and its 200 day simple moving average is $26.14. The company has a market cap of $8.33 billion, a P/E ratio of 24.73, a PEG ratio of 2.58 and a beta of 1.33.

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 return on equity of 11.39% and a net margin of 25.27%.The company had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. During the same period in the previous year, the business earned $0.54 EPS. Brixmor Property Group's revenue for the quarter 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. On average, sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd were issued a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 2nd. This represents a $1.15 annualized dividend and a yield of 4.2%. Brixmor Property Group's payout ratio is currently 104.55%.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $28.21, for a total transaction of $705,250.00. Following the sale, the insider directly owned 302,657 shares in the company, valued at $8,537,953.97. The trade was a 7.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. LADENBURG THALM/SH SH assumed coverage on Brixmor Property Group in a report on Tuesday, September 9th. They issued a "buy" rating and a $32.00 price objective on the stock. Evercore ISI raised their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Brixmor Property Group in a report on Wednesday, October 8th. Mizuho raised their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, Scotiabank raised their target price on Brixmor Property Group from $30.00 to $31.00 and gave the company a "sector outperform" rating in a report on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $30.75.

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.

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