UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 114,069 Shares of Brixmor Property Group Inc. $BRX

Key Points

• UBS Asset Management increased its stake in Brixmor Property Group by 5.2%, owning 2.31 million shares worth approximately $61.4 million as of the latest SEC filing.
• Ameriprise Financial, Allianz Asset Management, and AQR Capital Management significantly boosted their holdings in Brixmor Property Group, indicating strong institutional interest in the company.
• Brixmor announced a quarterly dividend of $0.2875 per share, representing an annualized dividend yield of 4.1%, despite having a high dividend payout ratio of 104.55%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,314,011 shares of the real estate investment trust's stock after acquiring an additional 114,069 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.76% of Brixmor Property Group worth $61,437,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Great Lakes Advisors LLC increased its position in shares of Brixmor Property Group by 8.8% during the first quarter. Great Lakes Advisors LLC now owns 156,424 shares of the real estate investment trust's stock worth $4,153,000 after acquiring an additional 12,608 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Brixmor Property Group during the first quarter worth $507,000. Goldman Sachs Group Inc. increased its position in shares of Brixmor Property Group by 5.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust's stock worth $45,231,000 after acquiring an additional 89,827 shares in the last quarter. Presima Securities ULC increased its position in shares of Brixmor Property Group by 9.1% during the first quarter. Presima Securities ULC now owns 1,519,123 shares of the real estate investment trust's stock worth $40,333,000 after acquiring an additional 126,855 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. bought a new stake in shares of Brixmor Property Group during the first quarter worth $3,407,000. Institutional investors own 98.43% of the company's stock.

Insider Buying and Selling

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

Analyst Ratings Changes

BRX has been the subject of several recent research reports. Mizuho increased their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Wells Fargo & Company increased their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Evercore ISI increased their price target on shares of Brixmor Property Group from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Monday. Scotiabank increased their price target on shares of Brixmor Property Group from $30.00 to $31.00 and gave the company a "sector outperform" rating in a research note on Monday. Finally, UBS Group assumed coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.75.

Brixmor Property Group Stock Performance

Shares of BRX traded down $0.21 during trading hours on Friday, hitting $27.63. The company had a trading volume of 3,357,047 shares, compared to its average volume of 1,872,239. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 25.12, a PEG ratio of 2.64 and a beta of 1.32. The business has a fifty day moving average of $26.86 and a 200-day moving average of $26.01. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS 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 business had revenue of $339.40 million for the quarter, compared to analyst estimates of $332.59 million. During the same period last year, the firm earned $0.54 earnings per share. 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. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal 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 4.2%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 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.