Brixmor Property Group Inc. $BRX Shares Sold by APG Asset Management US Inc.

Key Points

• APG Asset Management US Inc. reduced its stake in Brixmor Property Group by 11.0%, leaving it with approximately 1.1 million shares valued at over $30 million.
• Multiple analysts have recently adjusted their price targets, with Scotiabank and Goldman Sachs lowering theirs to $29.00, while Mizuho raised their target to $30.00, indicating a consensus rating of "Moderate Buy."
• Brixmor Property Group is set to pay a $0.2875 quarterly dividend on October 15th, with a dividend yield of 4.2% and a payout ratio exceeding 100%.

APG Asset Management US Inc. decreased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,144,399 shares of the real estate investment trust's stock after selling 141,278 shares during the period. APG Asset Management US Inc. owned 0.37% of Brixmor Property Group worth $30,349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group raised its holdings in Brixmor Property Group by 146.4% in the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 953 shares during the period. Quarry LP raised its stake in shares of Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 533 shares during the period. Blue Trust Inc. raised its stake in shares of Brixmor Property Group by 54.4% during the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 709 shares during the period. Avalon Trust Co purchased a new stake in shares of Brixmor Property Group during the first quarter valued at approximately $59,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Brixmor Property Group during the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Scotiabank dropped 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 note on Monday, May 12th. The Goldman Sachs Group dropped their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Mizuho lifted their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday. Stifel Nicolaus lowered their target price on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Finally, UBS Group initiated coverage on 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.17.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $27.23 on Friday. The business has a fifty day simple moving average of $25.98 and a 200 day simple moving average of $25.91. 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 firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.56 and a beta of 1.29. Brixmor Property Group Inc. has a one year low of $22.28 and a one year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. During the same period in the prior year, the business posted $0.54 earnings per share. The business's revenue 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. Sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a $0.2875 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 annualized dividend and a yield of 4.2%. 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.

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