Intech Investment Management LLC Sells 22,731 Shares of 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 decreased its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 22.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,165 shares of the real estate investment trust's stock after selling 22,731 shares during the quarter. Intech Investment Management LLC's holdings in Brixmor Property Group were worth $2,102,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC acquired a new stake in Brixmor Property Group in the 1st quarter valued at $356,000. Principal Financial Group Inc. raised its holdings in Brixmor Property Group by 1.6% in 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 buying an additional 11,040 shares during the period. Fifth Third Bancorp raised its holdings in Brixmor Property Group by 54.6% in the 1st 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. American Century Companies Inc. purchased a new stake in Brixmor Property Group in the 1st quarter valued at about $270,000. Finally, Janney Montgomery Scott LLC grew its position 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 acquiring an additional 861 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Insider Buying and Selling at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the business's stock in a transaction dated 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 transaction, the insider owned 302,657 shares of the company's stock, valued at approximately $8,537,953.97. The trade was a 7.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company's stock.

Brixmor Property Group Price Performance

Shares of BRX traded down $0.21 during midday trading on Friday, reaching $27.63. The stock had a trading volume of 3,357,047 shares, compared to its average volume of 1,872,239. 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 current ratio of 0.74 and a quick ratio of 0.74. The firm's 50 day moving average price is $26.86 and its 200-day moving average price is $26.01. The company has a market capitalization of $8.46 billion, a P/E ratio of 25.12, a P/E/G ratio of 2.64 and a beta of 1.32.

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 (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 business had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. During the same period in the previous year, the firm posted $0.54 EPS. The company's quarterly revenue was up 7.5% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's payout ratio is currently 104.55%.

Analyst Ratings Changes

A number of equities analysts have recently commented on BRX shares. Evercore ISI boosted their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Mizuho boosted their price objective 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. LADENBURG THALM/SH SH started coverage on Brixmor Property Group in a research note on Tuesday, September 9th. They set a "buy" rating and a $32.00 price target for the company. Wells Fargo & Company upped their price target 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. Finally, UBS Group started coverage on Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Brixmor Property Group has an average rating of "Moderate Buy" and an average price target of $30.75.

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.