Great Lakes Advisors LLC Increases Stock Position in Brixmor Property Group Inc. $BRX

Key Points

• Great Lakes Advisors LLC increased its stake in Brixmor Property Group by 8.8%, now holding approximately 156,424 shares, valued at about $4.15 million.
• Brixmor Property Group's recent earnings report showed an EPS of $0.56, slightly beating estimates, with revenue reaching $339.4 million during the quarter.
• The company announced a quarterly dividend of $0.2875 per share, with a dividend yield of 4.1% and a payout ratio of 104.55%.

Great Lakes Advisors LLC raised its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 8.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,424 shares of the real estate investment trust's stock after acquiring an additional 12,608 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.05% of Brixmor Property Group worth $4,153,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Securian Asset Management Inc. boosted its stake in shares of Brixmor Property Group by 1.8% during the 1st 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 in the last quarter. US Bancorp DE boosted its stake in shares of Brixmor Property Group by 6.0% during the 1st quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust's stock valued at $227,000 after purchasing an additional 484 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Brixmor Property Group by 53.1% during 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 purchasing an additional 498 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Brixmor Property Group by 0.4% during the 1st quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust's stock valued at $3,550,000 after purchasing an additional 519 shares in the last quarter. Finally, Ascent Group LLC boosted its stake in shares of Brixmor Property Group by 6.0% during the 4th quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock valued at $255,000 after purchasing an additional 521 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the company's stock in a transaction that occurred 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 owned 302,657 shares of the company's stock, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on BRX. Evercore ISI boosted their price objective on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a research note on Monday. Stifel Nicolaus dropped their price objective on shares of 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. Scotiabank boosted their price objective on shares of Brixmor Property Group from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research note on Monday. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a research note on Tuesday, September 9th. They set a "buy" rating and a $32.00 price objective on the stock. Finally, Mizuho boosted their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Brixmor Property Group currently has an average rating of "Moderate Buy" and an average price target of $30.75.

Brixmor Property Group Trading Up 0.4%

BRX stock traded up $0.10 during mid-day trading on Monday, reaching $28.09. The company had a trading volume of 272,213 shares, compared to its average volume of 2,348,656. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $8.60 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 2.65 and a beta of 1.32. The firm has a 50 day moving average of $26.64 and a 200 day moving average of $25.98. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67.

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

Brixmor Property Group Dividend Announcement

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

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.