Caxton Associates LLP Takes Position in Brixmor Property Group Inc. $BRX

Key Points

• Caxton Associates LLP invested approximately $507,000 to acquire 19,085 shares of Brixmor Property Group Inc. in the first quarter of 2023.
• Analysts are optimistic about Brixmor, with several upgrades to their price targets, including Wells Fargo raising it from $26.00 to $28.00 and Mizuho increasing it from $29.00 to $30.00, suggesting a consensus rating of "Moderate Buy".
• Brixmor Property Group declared a quarterly dividend of $0.2875 per share, set to be paid on October 15th, representing a 4.1% dividend yield.

Caxton Associates LLP acquired a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 19,085 shares of the real estate investment trust's stock, valued at approximately $507,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BRX. Smartleaf Asset Management LLC raised its stake 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 worth $37,000 after acquiring an additional 498 shares during the last quarter. Brooklyn Investment Group raised its stake 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 worth $43,000 after acquiring an additional 953 shares during the last quarter. SVB Wealth LLC purchased a new position in Brixmor Property Group in the 1st quarter worth $44,000. Blue Trust Inc. raised its stake 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 worth $53,000 after acquiring an additional 709 shares during the last quarter. Finally, Avalon Trust Co purchased a new position in Brixmor Property Group in the 1st quarter worth $59,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

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 dated Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the sale, the insider directly owned 302,657 shares of the company's stock, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.75% of the company's stock.

Brixmor Property Group Stock Up 0.4%

Shares of BRX stock traded up $0.12 on Wednesday, reaching $28.01. 205,330 shares of the stock were exchanged, compared to its average volume of 2,342,583. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67. The company has a market capitalization of $8.57 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 2.66 and a beta of 1.32. 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's 50 day moving average price is $26.73 and its 200 day moving average price is $25.99.

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 net margin of 25.27% and a return on equity of 11.39%. The firm had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. During the same period in the previous year, the company earned $0.54 earnings per share. Brixmor Property Group's quarterly 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. As a group, sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued a $0.2875 dividend. 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 dividend payout ratio is presently 104.55%.

Analysts Set New Price Targets

BRX has been the subject of a number of research analyst reports. Mizuho raised their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Scotiabank raised their target price on Brixmor Property Group from $30.00 to $31.00 and gave the company a "sector outperform" rating in a research report on Monday. UBS Group began coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price target on the stock. Evercore ISI lifted their price target on shares of Brixmor Property Group from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Wells Fargo & Company lifted 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. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.75.

Brixmor Property Group Company 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.