Cubist Systematic Strategies LLC Reduces Position in Brixmor Property Group Inc. $BRX

Key Points

• Cubist Systematic Strategies LLC reduced its stake in Brixmor Property Group by 65.6%, selling 257,973 shares to hold a total of 135,107 shares valued at approximately $3.59 million.
• Brixmor Property Group reported $0.56 earnings per share for the latest quarter, surpassing expectations, with a revenue of $339.4 million, indicating a 7.5% year-over-year growth.
• The company plans to pay a quarterly dividend of $0.2875 on October 15th, representing an annualized yield of 4.1% despite a payout ratio of 104.55%.

Cubist Systematic Strategies LLC decreased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 65.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 135,107 shares of the real estate investment trust's stock after selling 257,973 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Brixmor Property Group were worth $3,587,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BRX. Smartleaf Asset Management LLC lifted its position in shares of 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 period. Brooklyn Investment Group lifted its position 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 during the period. SVB Wealth LLC bought a new stake in shares of Brixmor Property Group in the 1st quarter worth approximately $44,000. Blue Trust Inc. increased its stake in 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 valued at $53,000 after acquiring an additional 709 shares during the period. Finally, Avalon Trust Co bought a new stake in Brixmor Property Group in the first quarter valued at about $59,000. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Trading Down 0.1%

Brixmor Property Group stock traded down $0.02 during trading hours on Wednesday, reaching $27.84. 272,466 shares of the company's stock were exchanged, compared to its average volume of 2,357,183. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $8.52 billion, a PE ratio of 25.31, a PEG ratio of 2.63 and a beta of 1.32. The firm's 50 day simple moving average is $26.52 and its 200 day simple moving average is $25.98. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The business had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. During the same quarter in the previous year, the business earned $0.54 EPS. The company's quarterly 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. Research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

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 dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 104.55%.

Insider Activity

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the business'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 directly owned 302,657 shares in the company, valued at approximately $8,537,953.97. The trade was a 7.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BRX shares. UBS Group started coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 target price for the company. Mizuho lifted their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Wells Fargo & Company lifted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. Scotiabank lifted their target price 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. Finally, Stifel Nicolaus cut their price target on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $30.58.

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.