Entropy Technologies LP Sells 17,564 Shares of Brixmor Property Group Inc. $BRX

Key Points

• Entropy Technologies LP has reduced its position in Brixmor Property Group by 68.9% in Q1, now owning 7,936 shares valued at $211,000.
• A number of institutional investors increased their holdings in Brixmor Property Group, with Barclays PLC raising its stake by 122.5% in the fourth quarter.
• Brixmor Property Group reported an earnings per share (EPS) of $0.56 for the last quarter, exceeding expectations, along with a dividend of $0.2875 scheduled for payment on October 15th.

Entropy Technologies LP trimmed its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 68.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,936 shares of the real estate investment trust's stock after selling 17,564 shares during the quarter. Entropy Technologies LP's holdings in Brixmor Property Group were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BRX. Quarry LP increased its stake in shares of Brixmor Property Group by 39.0% in the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 533 shares in the last quarter. Blue Trust Inc. increased its stake in shares of 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 buying an additional 709 shares in the last quarter. Avalon Trust Co acquired a new stake in shares of Brixmor Property Group in the first quarter valued at $59,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at $71,000. Finally, UMB Bank n.a. boosted its holdings in Brixmor Property Group by 66.3% in the first quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust's stock valued at $72,000 after acquiring an additional 1,085 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Stock Up 0.1%

Brixmor Property Group stock traded up $0.0220 during midday trading on Wednesday, reaching $27.0320. The stock had a trading volume of 536,088 shares, compared to its average volume of 2,390,088. The firm's fifty day simple moving average is $25.93 and its 200-day simple moving average is $25.89. Brixmor Property Group Inc. has a 1-year low of $22.28 and a 1-year high of $30.67. The stock has a market capitalization of $8.27 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 2.73 and a beta of 1.29. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74.

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 firm had revenue of $339.40 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Mizuho raised their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday. Scotiabank reduced their target price 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. The Goldman Sachs Group reduced their target price 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. UBS Group initiated coverage on Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 target price on the stock. Finally, Stifel Nicolaus reduced their target price 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $30.17.

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.