BROOKFIELD Corp ON Decreases Stake in Brixmor Property Group Inc. $BRX

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 lowered its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent Form 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 about 0.37% of Brixmor Property Group worth $30,412,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BRX. Smartleaf Asset Management LLC grew its holdings in shares of Brixmor Property Group by 53.1% in the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 498 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of 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 worth $43,000 after acquiring an additional 953 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Brixmor Property Group during the first quarter valued at approximately $44,000. Blue Trust Inc. grew its stake in shares of Brixmor Property Group by 54.4% in the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 709 shares during the last quarter. Finally, Avalon Trust Co bought a new stake in Brixmor Property Group during the 1st quarter valued at about $59,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Down 0.1%

Shares of BRX stock traded down $0.02 during trading hours on Wednesday, reaching $27.88. 430,712 shares of the company's stock were exchanged, compared to its average volume of 2,343,819. The stock's fifty day moving average price is $26.73 and its two-hundred day moving average price is $25.99. The stock has a market cap of $8.53 billion, a PE ratio of 25.34, a PEG ratio of 2.66 and a beta of 1.32. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.67. 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 (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, beating analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $339.40 million for the quarter, compared to analyst estimates 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 for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed 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. This represents a $1.15 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's payout ratio is presently 104.55%.

Insider Activity at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $28.21, for a total transaction 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 represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.75% of the company's stock.

Wall Street Analysts Forecast Growth

BRX has been the topic of a number of recent analyst reports. Mizuho raised their price target on shares of 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 cut their price objective on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. UBS Group started coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective for the company. Wells Fargo & Company raised their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. Finally, Evercore ISI upped their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Monday. Ten 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 has an average rating of "Moderate Buy" and an average target price of $30.75.

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.