Great Lakes Advisors LLC Boosts 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 boosted its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 8.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,424 shares of the real estate investment trust's stock after buying 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 reporting period.

A number of other hedge funds have also recently made changes to their positions in BRX. Ameriprise Financial Inc. boosted its stake in shares of Brixmor Property Group by 28.2% during the first quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust's stock valued at $185,615,000 after purchasing an additional 1,537,737 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Brixmor Property Group during the first quarter valued at about $34,702,000. Nuveen LLC acquired a new stake in shares of Brixmor Property Group during the first quarter valued at about $28,401,000. Allianz Asset Management GmbH boosted its stake in shares of Brixmor Property Group by 142.1% during the first quarter. Allianz Asset Management GmbH now owns 1,533,745 shares of the real estate investment trust's stock valued at $40,721,000 after purchasing an additional 900,352 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Brixmor Property Group by 138.8% during the first quarter. AQR Capital Management LLC now owns 1,469,193 shares of the real estate investment trust's stock valued at $38,654,000 after purchasing an additional 853,835 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BRX shares. Stifel Nicolaus cut 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. UBS Group started coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. LADENBURG THALM/SH SH started coverage on Brixmor Property Group in a research note on Tuesday. They issued a "buy" rating and a $32.00 price objective on the stock. Finally, Scotiabank lifted their price objective 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. Ten equities research 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.58.

Brixmor Property Group Trading Down 0.2%

BRX stock traded down $0.07 during mid-day trading on Friday, reaching $28.02. The company's stock had a trading volume of 1,611,516 shares, compared to its average volume of 1,823,439. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 2.66 and a beta of 1.32. The business's 50 day moving average price is $26.64 and its 200 day moving average price is $26.00. 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 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 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 11.39% and a net margin of 25.27%.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 company posted $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Steven F. Siegel sold 25,000 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $28.21, for a total transaction 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. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.75% of the company's stock.

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.