Brixmor Property Group Inc. $BRX Shares Bought by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. increased its holdings in Brixmor Property Group by 626.3%, acquiring an additional 61,973 shares, bringing its total to 71,868 shares worth approximately $1.91 million.
• Brixmor Property Group announced a quarterly dividend of $0.2875 per share, which translates to an annual yield of 4.1%, with a payout ratio currently at 104.55%.
• The company reported a 7.5% year-over-year increase in revenue, reaching $339.40 million, with earnings per share of $0.56 for the latest quarter, exceeding analysts' expectations.

Graham Capital Management L.P. lifted its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 626.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,868 shares of the real estate investment trust's stock after purchasing an additional 61,973 shares during the period. Graham Capital Management L.P.'s holdings in Brixmor Property Group were worth $1,908,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Transcend Capital Advisors LLC purchased a new position in shares of Brixmor Property Group in the 1st quarter valued at about $356,000. Principal Financial Group Inc. increased its stake in Brixmor Property Group by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock worth $18,679,000 after buying an additional 11,040 shares in the last quarter. Fifth Third Bancorp increased its stake in Brixmor Property Group by 54.6% during the 1st quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock worth $122,000 after buying an additional 1,628 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Brixmor Property Group by 9.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock worth $255,000 after buying an additional 861 shares in the last quarter. Finally, Tower View Wealth Management LLC purchased a new stake in Brixmor Property Group during the 1st quarter worth approximately $328,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

Shares of BRX traded up $0.06 during mid-day trading on Friday, hitting $28.20. 2,014,527 shares of the company's stock were exchanged, compared to its average volume of 1,842,071. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.67. The firm has a market capitalization of $8.63 billion, a P/E ratio of 25.64, a P/E/G ratio of 2.67 and a beta of 1.32. The business's 50 day moving average is $26.45 and its two-hundred day moving average is $25.97. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm 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 was up 7.5% compared to the same quarter last year. During the same quarter 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, equities analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given 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%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BRX shares. UBS Group started 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. Scotiabank upped their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock a "sector outperform" rating in a research note on Thursday, August 28th. Stifel Nicolaus decreased their price target on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Mizuho upped their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company increased their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.42.

Insider Buying and Selling

In related news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction dated 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 owned 302,657 shares in the company, valued at $8,537,953.97. This trade represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is currently owned by insiders.

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.