Ieq Capital LLC Purchases Shares of 16,293 Brixmor Property Group Inc. $BRX

Key Points

• Ieq Capital LLC has made a new investment in Brixmor Property Group Inc., acquiring 16,293 shares valued at approximately $433,000.
• Multiple analysts have raised their price targets for Brixmor Property Group, with the average consensus rating now at "Moderate Buy" and an average price target of $30.42.
• The company declared a quarterly dividend of $0.2875, resulting in a dividend yield of 4.1%, with a payout ratio currently exceeding 100%.

Ieq Capital LLC bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,293 shares of the real estate investment trust's stock, valued at approximately $433,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BRX. Transcend Capital Advisors LLC acquired a new position in Brixmor Property Group during the first quarter valued at $356,000. Principal Financial Group Inc. raised its position in Brixmor Property Group by 1.6% during the first quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock valued at $18,679,000 after buying an additional 11,040 shares during the period. Fifth Third Bancorp raised its position in Brixmor Property Group by 54.6% during the first quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock valued at $122,000 after buying an additional 1,628 shares during the period. Janney Montgomery Scott LLC raised its position in Brixmor Property Group by 9.8% during the first 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 period. Finally, Tower View Wealth Management LLC acquired a new position in Brixmor Property Group during the first quarter valued at $328,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 25,000 shares of the 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. This represents a 7.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BRX. Scotiabank upped their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company a "sector outperform" rating in a research report on Thursday, August 28th. UBS Group initiated coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 target price on the stock. Mizuho boosted their target price 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. Wells Fargo & Company boosted their target price 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. Finally, Stifel Nicolaus lowered their target price 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. Ten 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, the company presently has an average rating of "Moderate Buy" and an average target price of $30.42.

Brixmor Property Group Stock Up 0.2%

Shares of BRX traded up $0.06 during trading hours on Friday, hitting $28.20. 2,014,527 shares of the company were exchanged, compared to its average volume of 1,842,071. The company has a market cap of $8.63 billion, a PE ratio of 25.64, a PEG ratio of 2.67 and a beta of 1.32. The firm's 50 day moving average is $26.45 and its 200-day moving average is $25.96. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly 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 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 was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 annualized dividend and a yield of 4.1%. 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.