Brixmor Property Group Inc. $BRX Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has reduced its stake in Brixmor Property Group by 0.8%, owning 1,521,065 shares worth approximately $39.6 million after selling 12,680 shares in Q2.
• Analyst ratings show a mix of sentiment, with Stifel Nicolaus lowering its price target to $29.00 while Evercore ISI has raised it to $32.00, with a consensus rating of "Moderate Buy" and an average target price of $30.75.
• Brixmor Property Group's quarterly dividend of $0.2875 was paid to stockholders on October 15, reflecting an annualized dividend of $1.15 and a yield of 4.2%, despite a dividend payout ratio of 104.55%.

Allianz Asset Management GmbH reduced its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,521,065 shares of the real estate investment trust's stock after selling 12,680 shares during the quarter. Allianz Asset Management GmbH owned 0.50% of Brixmor Property Group worth $39,609,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BRX. Smartleaf Asset Management LLC increased its position 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 period. Brooklyn Investment Group increased its position in Brixmor Property Group by 146.4% in the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 953 shares during the period. SVB Wealth LLC acquired a new stake in Brixmor Property Group in the 1st quarter valued at approximately $44,000. Blue Trust Inc. increased its position in Brixmor Property Group by 54.4% in the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 709 shares during the period. Finally, Avalon Trust Co acquired a new stake in Brixmor Property Group in the 1st quarter valued at approximately $59,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Stifel Nicolaus lowered their price target on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Evercore ISI lifted their price target on Brixmor Property Group from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Mizuho lifted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Scotiabank lifted their price target on Brixmor Property Group from $30.00 to $31.00 and gave the company a "sector outperform" rating in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Brixmor Property Group in a research report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average target price of $30.75.

Insider Activity at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the sale, the insider owned 302,657 shares of the company's stock, valued at $8,537,953.97. This trade represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.75% of the stock is currently owned by company insiders.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $27.21 on Friday. The stock has a market cap of $8.33 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33. The business has a fifty day simple moving average of $27.35 and a 200-day simple moving average of $26.14. 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 Inc. has a 12 month low of $22.28 and a 12 month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.Brixmor Property Group's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, sell-side 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 announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is 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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