Easterly Investment Partners LLC Grows Stock Holdings in Brixmor Property Group Inc. $BRX

Key Points

• Easterly Investment Partners LLC increased its holdings in Brixmor Property Group by 29.4% in Q2, acquiring an additional 91,500 shares, totaling approximately $10.5 million in value.
• Analyst ratings for Brixmor Property Group are generally positive, with eleven analysts rating it as a Buy, and a current average price target of $30.75.
• Brixmor Property Group declared a quarterly dividend of $0.2875 per share, which translates to an annualized yield of 4.3%, despite a payout ratio of 104.55%.

Easterly Investment Partners LLC boosted its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 29.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 402,375 shares of the real estate investment trust's stock after buying an additional 91,500 shares during the period. Easterly Investment Partners LLC owned approximately 0.13% of Brixmor Property Group worth $10,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of BRX. Smartleaf Asset Management LLC grew 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 valued at $37,000 after buying an additional 498 shares in the last quarter. Brooklyn Investment Group raised its holdings 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 valued at $43,000 after acquiring an additional 953 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Brixmor Property Group during the 1st quarter valued at about $44,000. Blue Trust Inc. boosted its position in shares of Brixmor Property Group by 54.4% during the 1st 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 last quarter. Finally, Avalon Trust Co purchased a new position in Brixmor Property Group in the 1st quarter worth approximately $59,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Mizuho upped their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Scotiabank upped their target price on shares of Brixmor Property Group from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 15th. Stifel Nicolaus cut their target price on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Evercore ISI upped their target price on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Brixmor Property Group in a research report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Brixmor Property Group currently has an average rating of "Moderate Buy" and an average price target of $30.75.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $26.81 on Friday. 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 company has a market capitalization of $8.21 billion, a PE ratio of 24.37, a P/E/G ratio of 2.56 and a beta of 1.33. The firm has a fifty day simple moving average of $27.32 and a two-hundred day simple moving average of $26.13. 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 posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $1.15 annualized dividend and a yield of 4.3%. Brixmor Property Group's payout ratio is currently 104.55%.

Insiders Place Their Bets

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 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 $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.75% of the stock is owned by corporate insiders.

Brixmor Property Group 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.

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