Jump Financial LLC Trims Stock Holdings in Brixmor Property Group Inc. $BRX

Key Points

• Jump Financial LLC sold 51,681 shares of Brixmor Property Group Inc. (NYSE:BRX), reducing its position by 48.8% in Q1, leaving them with 54,283 shares worth approximately $1.44 million.
• Brixmor Property Group reported Q2 earnings of $0.56 EPS, surpassing expectations and achieving a 7.5% revenue growth year-over-year, with revenues totaling $339.4 million.
• The company announced a quarterly dividend of $0.2875 per share, representing an annualized dividend yield of 4.1%, with a payout ratio currently at 104.55%.

Jump Financial LLC lessened its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 48.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,283 shares of the real estate investment trust's stock after selling 51,681 shares during the quarter. Jump Financial LLC's holdings in Brixmor Property Group were worth $1,441,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Securian Asset Management Inc. grew its holdings in Brixmor Property Group by 1.8% during the 1st quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust's stock valued at $617,000 after buying an additional 400 shares in the last quarter. US Bancorp DE grew its holdings in Brixmor Property Group by 6.0% during the 1st quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust's stock valued at $227,000 after buying an additional 484 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Brixmor Property Group by 53.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 498 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Brixmor Property Group by 0.4% during the first quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust's stock worth $3,550,000 after purchasing an additional 519 shares in the last quarter. Finally, Ascent Group LLC grew its holdings in shares of Brixmor Property Group by 6.0% during the fourth quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on BRX shares. Scotiabank boosted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock a "sector outperform" rating in a report on Thursday, August 28th. Mizuho boosted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Wells Fargo & Company boosted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Stifel Nicolaus dropped their target price on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Finally, UBS Group initiated coverage on Brixmor Property Group in a research report on Friday, May 30th. They issued a "buy" rating and a $29.00 target price for the company. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Brixmor Property Group has a consensus rating of "Moderate Buy" and a consensus price target of $30.42.

Brixmor Property Group Trading Up 0.2%

BRX stock traded up $0.05 during midday trading on Wednesday, hitting $27.75. The company had a trading volume of 496,835 shares, compared to its average volume of 2,366,062. 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 52 week low of $22.28 and a 52 week high of $30.67. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 25.21, a PEG ratio of 2.65 and a beta of 1.32. The stock's 50 day moving average price is $26.31 and its 200 day moving average price is $25.96.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $332.59 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The business'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. As a group, equities research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 dividend yield of 4.1%. Brixmor Property Group's payout ratio is 104.55%.

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.