Dimensional Fund Advisors LP Sells 28,581 Shares of Brixmor Property Group Inc. $BRX

Key Points

• Dimensional Fund Advisors LP holds a $123.65 million stake in Brixmor Property Group, having reduced its holdings by 0.6% during the first quarter.
• Brixmor Property Group reported earnings per share of $0.56 for the last quarter, exceeding expectations and reflecting a 7.5% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.2875, with a 4.3% yield, set to be paid on October 15th.

Dimensional Fund Advisors LP decreased its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,657,291 shares of the real estate investment trust's stock after selling 28,581 shares during the quarter. Dimensional Fund Advisors LP owned 1.52% of Brixmor Property Group worth $123,646,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BRX. Raymond James Financial Inc. bought a new stake in shares of Brixmor Property Group during the 4th quarter valued at about $5,549,000. First Trust Advisors LP grew its stake in shares of Brixmor Property Group by 71.8% during the 4th quarter. First Trust Advisors LP now owns 365,784 shares of the real estate investment trust's stock valued at $10,183,000 after acquiring an additional 152,818 shares during the period. MetLife Investment Management LLC boosted its stake in Brixmor Property Group by 8.6% in the 4th quarter. MetLife Investment Management LLC now owns 179,102 shares of the real estate investment trust's stock worth $4,986,000 after purchasing an additional 14,237 shares during the period. Tower Research Capital LLC TRC boosted its stake in Brixmor Property Group by 102.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 25,915 shares of the real estate investment trust's stock worth $721,000 after purchasing an additional 13,139 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in Brixmor Property Group by 72.9% in the 4th quarter. Hsbc Holdings PLC now owns 342,370 shares of the real estate investment trust's stock worth $9,512,000 after purchasing an additional 144,408 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Trading Up 1.1%

BRX stock traded up $0.31 during midday trading on Wednesday, reaching $27.90. The company's stock had a trading volume of 214,020 shares, compared to its average volume of 2,375,235. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a fifty day simple moving average of $26.11 and a two-hundred day simple moving average of $25.94. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.67. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.61 and a beta of 1.29.

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 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $332.59 million. During the same quarter last year, the firm posted $0.54 earnings per share. The business's 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. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a $0.2875 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.1%. Brixmor Property Group's dividend payout ratio (DPR) is presently 104.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BRX. Mizuho upped their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Scotiabank decreased their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. Wells Fargo & Company upped their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday. UBS Group began coverage on Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective on the stock. Finally, The Goldman Sachs Group decreased their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.33.

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.