Brixmor Property Group Inc. $BRX Position Reduced by BROOKFIELD Corp ON

Key Points

• BROOKFIELD Corp ON reduced its stake in Brixmor Property Group Inc. by 7.5%, holding approximately 1,145,452 shares worth $30.4 million after selling 92,409 shares in the first quarter.
• Brixmor Property Group declared a quarterly dividend of $0.2875 per share, which has a yield of 4.1% and will be paid to shareholders on October 15th.
• The company's stock has seen a price increase of 1.1% recently, with a current market capitalization of $8.60 billion and a PE ratio of 25.54.

BROOKFIELD Corp ON trimmed its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 7.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,145,452 shares of the real estate investment trust's stock after selling 92,409 shares during the period. BROOKFIELD Corp ON owned approximately 0.37% of Brixmor Property Group worth $30,412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board increased its holdings in shares of Brixmor Property Group by 10.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,616,420 shares of the real estate investment trust's stock worth $228,766,000 after buying an additional 824,404 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Brixmor Property Group by 28.2% during the 1st quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust's stock worth $185,615,000 after buying an additional 1,537,737 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Brixmor Property Group by 12.5% during the 1st quarter. Invesco Ltd. now owns 6,467,925 shares of the real estate investment trust's stock worth $171,723,000 after buying an additional 719,433 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Brixmor Property Group by 3.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,141,430 shares of the real estate investment trust's stock valued at $136,505,000 after purchasing an additional 189,562 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Brixmor Property Group by 0.3% in the 1st quarter. Northern Trust Corp now owns 4,886,677 shares of the real estate investment trust's stock valued at $129,741,000 after purchasing an additional 16,335 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Steven F. Siegel sold 25,000 shares of the business's 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 owned 302,657 shares of the company's stock, valued at $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on BRX shares. Mizuho increased their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Stifel Nicolaus lowered their price target on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a report on Tuesday, July 29th. Evercore ISI increased their price target on Brixmor Property Group from $31.00 to $32.00 and gave the company an "outperform" rating in a report on Monday. Scotiabank increased their price target on Brixmor Property Group from $30.00 to $31.00 and gave the company a "sector outperform" rating in a report on Monday. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Brixmor Property Group in a research report on Tuesday, September 9th. They issued a "buy" rating and a $32.00 price objective for the company. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.75.

Brixmor Property Group Stock Performance

NYSE BRX traded up $0.09 during trading hours on Monday, reaching $28.08. The company's stock had a trading volume of 1,568,289 shares, compared to its average volume of 2,356,289. 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 business has a 50-day simple moving average of $26.68 and a 200 day simple moving average of $25.98. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67. The stock has a market cap of $8.59 billion, a PE ratio of 25.52, a PEG ratio of 2.65 and a beta of 1.32.

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 earnings per share (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 firm had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. During the same quarter last year, the company posted $0.54 earnings per share. Brixmor Property Group's revenue was up 7.5% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Equities research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

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