Fox Run Management L.L.C. Sells 11,556 Shares of Brixmor Property Group Inc. $BRX

Key Points

• Fox Run Management L.L.C. has reduced its stake in Brixmor Property Group Inc. by 45.8%, selling 11,556 shares, and now holds 13,681 shares valued at approximately $363,000.
• Brixmor Property Group announced a quarterly dividend of $0.2875 per share, payable on October 15th, which gives an annualized yield of 4.4%.
• The company's recent earnings report showed an EPS of $0.56, slightly above the consensus estimate of $0.55, with revenues up 7.5% year-over-year.

Fox Run Management L.L.C. decreased its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 45.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,681 shares of the real estate investment trust's stock after selling 11,556 shares during the period. Fox Run Management L.L.C.'s holdings in Brixmor Property Group were worth $363,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Securian Asset Management Inc. lifted its stake in Brixmor Property Group by 1.8% in the first quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust's stock valued at $617,000 after purchasing an additional 400 shares during the last quarter. US Bancorp DE lifted its position in shares of Brixmor Property Group by 6.0% during the first quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust's stock worth $227,000 after acquiring an additional 484 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Brixmor Property Group by 0.4% during the first quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust's stock worth $3,550,000 after acquiring an additional 519 shares in the last quarter. Ascent Group LLC lifted its position in shares of Brixmor Property Group by 6.0% during the fourth quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock worth $255,000 after acquiring an additional 521 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 533 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Trading Up 3.4%

Shares of BRX traded up $0.9050 during trading hours on Friday, hitting $27.8850. The company had a trading volume of 1,848,585 shares, compared to its average volume of 2,202,842. 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 cap of $8.54 billion, a P/E ratio of 25.35, a P/E/G ratio of 2.56 and a beta of 1.29. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $30.67. The stock's 50 day moving average price is $26.03 and its 200 day moving average price is $25.92.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $339.40 million for 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%.Brixmor Property Group's quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business 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 dividend of $0.2875 per share. 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 payout ratio is currently 104.55%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BRX shares. Mizuho increased their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday. UBS Group began coverage on Brixmor Property Group in a research report on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective on the stock. Stifel Nicolaus lowered their price objective on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. The Goldman Sachs Group lowered their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Scotiabank lowered their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.17.

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.