Intech Investment Management LLC Decreases Stock Holdings in Brixmor Property Group Inc. $BRX

Key Points

• Intech Investment Management LLC reduced its stake in Brixmor Property Group by 22.3%, owning 79,165 shares after selling 22,731 shares in the first quarter.
• Brixmor Property Group recently announced a quarterly dividend of $0.2875 per share, with a 4.1% yield and a payout ratio of 104.55%.
• Analysts have a consensus rating of "Moderate Buy" for Brixmor Property Group, with a consensus target price of $30.75.

Intech Investment Management LLC reduced its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 22.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,165 shares of the real estate investment trust's stock after selling 22,731 shares during the period. Intech Investment Management LLC's holdings in Brixmor Property Group were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its holdings in shares of Brixmor Property Group by 53.1% in the first 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 during the period. Brooklyn Investment Group increased its holdings in shares of Brixmor Property Group by 146.4% in the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 953 shares during the period. SVB Wealth LLC acquired a new stake in Brixmor Property Group during the first quarter worth about $44,000. Blue Trust Inc. grew its holdings in Brixmor Property Group by 54.4% during the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 709 shares during the period. Finally, Avalon Trust Co acquired a new stake in Brixmor Property Group during the first quarter worth about $59,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $27.88 on Wednesday. Brixmor Property Group Inc. has a one year low of $22.28 and a one year high of $30.67. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 2.66 and a beta of 1.32. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74. The business's 50 day moving average price is $26.73 and its 200 day moving average price is $25.99.

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, topping analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The firm had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. During the same quarter last year, the business posted $0.54 earnings per share. The firm's revenue 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. On average, 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 paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.15 annualized dividend and a yield of 4.1%. Brixmor Property Group's dividend payout ratio (DPR) is 104.55%.

Wall Street Analyst Weigh In

Several analysts recently commented on BRX shares. Mizuho raised their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. 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. LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a report on Tuesday, September 9th. They set a "buy" rating and a $32.00 target price on the stock. Evercore ISI increased their price target on Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Stifel Nicolaus lowered their price target on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.75.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction 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 of the company's stock, valued at $8,537,953.97. This trade represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.