HighTower Advisors LLC Buys 16,936 Shares of Brixmor Property Group Inc. $BRX

Key Points

• HighTower Advisors LLC increased its stake in Brixmor Property Group Inc. by 3.8% in the first quarter, holding approximately 0.15% of the company valued at $12.16 million.
• Multiple analysts have recently adjusted their price targets for Brixmor, with a consensus average target of $30.08 and a rating of "Moderate Buy."
• Brixmor announced a quarterly dividend of $0.2875 per share, representing an annualized yield of 4.3%, but reported a high dividend payout ratio of 104.55%.

HighTower Advisors LLC grew its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 3.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 458,174 shares of the real estate investment trust's stock after acquiring an additional 16,936 shares during the period. HighTower Advisors LLC owned 0.15% of Brixmor Property Group worth $12,165,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quarry LP grew its stake in shares of Brixmor Property Group by 39.0% in the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 533 shares during the period. Blue Trust Inc. lifted 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 in the last quarter. Avalon Trust Co bought a new position in Brixmor Property Group in the 1st quarter valued at about $59,000. Fourth Dimension Wealth LLC bought a new position in Brixmor Property Group in the 4th quarter valued at about $71,000. Finally, UMB Bank n.a. lifted its position in Brixmor Property Group by 66.3% in the 1st quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust's stock valued at $72,000 after acquiring an additional 1,085 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Price Performance

Shares of BRX traded up $0.9380 during mid-day trading on Friday, reaching $27.9180. 252,174 shares of the stock traded hands, compared to its average volume of 2,377,639. The firm has a fifty day moving average price of $25.98 and a 200 day moving average price of $25.91. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 2.56 and a beta of 1.29. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.67.

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, beating analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $339.40 million during the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's payout ratio is currently 104.55%.

Analyst Ratings Changes

Several research firms have commented on BRX. Scotiabank dropped their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. 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 target price on the stock. Stifel Nicolaus dropped their target price on shares of 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. The Goldman Sachs Group dropped their target price 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. Finally, Mizuho lifted their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group currently has an average rating of "Moderate Buy" and an average target price of $30.17.

Brixmor Property Group 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.