Clark Capital Management Group Inc. Has $39.58 Million Holdings in Brixmor Property Group Inc. $BRX

Key Points

• Clark Capital Management Group Inc. reduced its stake in Brixmor Property Group Inc. by 1.7%, selling 25,263 shares and now holding 1,490,778 shares worth $39.58 million.
• Brixmor's quarterly earnings outperformed expectations, reporting $0.56 EPS against a consensus of $0.55, with revenue up 7.5% year-over-year at $339.40 million.
• The company declared a quarterly dividend of $0.2875 per share, with an annualized yield of 4.1% and a dividend payout ratio of 104.55%.

Clark Capital Management Group Inc. reduced its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,490,778 shares of the real estate investment trust's stock after selling 25,263 shares during the quarter. Clark Capital Management Group Inc. owned about 0.49% of Brixmor Property Group worth $39,580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BRX. Smartleaf Asset Management LLC grew its holdings 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 valued at $37,000 after buying an additional 498 shares during the period. Brooklyn Investment Group grew its holdings 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 valued at $43,000 after buying an additional 953 shares during the period. SVB Wealth LLC purchased a new stake in Brixmor Property Group in the 1st quarter valued at about $44,000. Blue Trust Inc. grew its holdings 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 buying an additional 709 shares during the period. Finally, Avalon Trust Co purchased a new stake in Brixmor Property Group in 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 Trading Down 0.1%

Shares of NYSE BRX traded down $0.02 during midday trading on Wednesday, hitting $27.84. The stock had a trading volume of 431,132 shares, compared to its average volume of 2,358,003. The company's 50-day simple moving average is $26.52 and its 200 day simple moving average is $25.98. The firm has a market cap of $8.52 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32. 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 debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The company had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Research analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be paid 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 dividend payout ratio (DPR) is 104.55%.

Insider Activity at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction on Friday, September 5th. The stock was 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 trade represents a 7.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.75% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BRX shares. Scotiabank upped their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock a "sector outperform" rating in a report on Thursday, August 28th. UBS Group assumed coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price target on the stock. Wells Fargo & Company boosted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. LADENBURG THALM/SH SH initiated coverage on Brixmor Property Group in a research note on Tuesday. They issued a "buy" rating and a $32.00 price target for the company. Finally, 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 report on Tuesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.58.

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.