Hsbc Holdings PLC Sells 13,119 Shares of Brixmor Property Group Inc. $BRX

Key Points

• Hsbc Holdings PLC reduced its holdings in Brixmor Property Group by 3.8%, selling 13,119 shares and now owns approximately 0.11% of the company, valued at $8.72 million.
• Brixmor Property Group reported a quarterly earnings per share (EPS) of $0.56, slightly exceeding analysts' expectations of $0.55, with a revenue of $339.4 million, a 7.5% increase compared to the previous year.
• The company declared a quarterly dividend of $0.2875 per share, yielding 4.1%, with an upcoming payment date of October 15th for shareholders of record on October 2nd.

Hsbc Holdings PLC trimmed its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 329,251 shares of the real estate investment trust's stock after selling 13,119 shares during the quarter. Hsbc Holdings PLC owned about 0.11% of Brixmor Property Group worth $8,722,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Transcend Capital Advisors LLC bought a new stake in Brixmor Property Group during the first quarter valued at about $356,000. Principal Financial Group Inc. boosted 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 valued at $18,679,000 after purchasing an additional 11,040 shares during the period. Fifth Third Bancorp boosted 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 valued at $122,000 after purchasing an additional 1,628 shares during the period. Janney Montgomery Scott LLC grew its holdings in Brixmor Property Group by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock valued at $255,000 after buying an additional 861 shares during the last quarter. Finally, Tower View Wealth Management LLC bought a new position in Brixmor Property Group in the 1st quarter worth approximately $328,000. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

NYSE BRX opened at $27.8850 on Monday. The stock has a market cap of $8.54 billion, a P/E ratio of 25.35, a PEG ratio of 2.64 and a beta of 1.29. The company's 50-day simple moving average is $26.03 and its 200 day simple moving average is $25.92. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67. The company has a quick ratio of 0.74, a current 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 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. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The firm had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. During the same quarter last year, the company earned $0.54 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently disclosed 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. This represents a $1.15 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio is currently 104.55%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BRX shares. Stifel Nicolaus lowered 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. The Goldman Sachs Group decreased their price target on shares of 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. UBS Group started coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective for the company. Scotiabank decreased their target price 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. Finally, Mizuho boosted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $30.17.

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.

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