Ceredex Value Advisors LLC Has $15.86 Million Stock Holdings in Brixmor Property Group Inc. $BRX

Key Points

• Ceredex Value Advisors LLC increased its stake in Brixmor Property Group by 8.0%, acquiring an additional 44,350 shares, bringing its total to 597,200 shares valued at approximately $15.86 million.
• Brixmor Property Group recently reported a Q2 EPS of $0.56, exceeding analysts' expectations, with revenue growth of 7.5% year-over-year.
• The company announced a quarterly dividend of $0.2875 per share, with a dividend yield of 4.2%, set to be paid on October 15th, with an ex-dividend date of October 2nd.

Ceredex Value Advisors LLC lifted its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 8.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 597,200 shares of the real estate investment trust's stock after purchasing an additional 44,350 shares during the period. Ceredex Value Advisors LLC owned 0.20% of Brixmor Property Group worth $15,856,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Northern Trust Corp increased its stake in Brixmor Property Group by 96.2% during the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock valued at $135,590,000 after acquiring an additional 2,388,264 shares during the period. Ameriprise Financial Inc. increased its stake in Brixmor Property Group by 28.2% during the first quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust's stock valued at $185,615,000 after acquiring an additional 1,537,737 shares during the period. Deutsche Bank AG increased its stake in Brixmor Property Group by 31.3% during the fourth quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock valued at $163,778,000 after acquiring an additional 1,404,034 shares during the period. Jupiter Asset Management Ltd. bought a new position in Brixmor Property Group during the first quarter valued at about $34,702,000. Finally, Clark Capital Management Group Inc. increased its stake in Brixmor Property Group by 406.2% during the fourth quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust's stock valued at $42,207,000 after acquiring an additional 1,216,548 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BRX shares. Wells Fargo & Company boosted their price target on Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday. UBS Group started coverage on Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 price target on the stock. Stifel Nicolaus lowered their price target 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. Scotiabank lifted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the company a "sector outperform" rating in a report on Thursday. Finally, Mizuho lifted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $30.42.

Brixmor Property Group Price Performance

Shares of BRX traded down $0.04 on Friday, hitting $28.00. The company's stock had a trading volume of 1,977,201 shares, compared to its average volume of 1,908,092. The company has a market capitalization of $8.57 billion, a PE ratio of 25.45, a PEG ratio of 2.65 and a beta of 1.29. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.67. The company has a 50 day moving average price of $26.24 and a 200 day moving average price of $25.96.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $339.40 million for the quarter, compared to the consensus estimate 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 was up 7.5% compared to the same quarter last year. 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. On average, research analysts anticipate 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 annualized dividend 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 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.