National Bank of Canada FI Sells 170,000 Shares of Brixmor Property Group Inc. $BRX

Key Points

• National Bank of Canada FI reduced its stake in Brixmor Property Group by 73.3%, now holding 61,800 shares worth $1.64 million after selling 170,000 shares in the first quarter.
• Brixmor Property Group reported $0.56 earnings per share, surpassing analyst expectations, with revenues of $339.4 million for the last quarter, up 7.5% year-over-year.
• The company announced a quarterly dividend of $0.2875 per share, representing an annualized yield of 4.3%, with a payout ratio of 104.55%.

National Bank of Canada FI trimmed its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 73.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,800 shares of the real estate investment trust's stock after selling 170,000 shares during the period. National Bank of Canada FI's holdings in Brixmor Property Group were worth $1,641,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quarry LP grew its stake in Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 533 shares in the last quarter. Blue Trust Inc. grew its stake 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 valued at $53,000 after acquiring an additional 709 shares in the last quarter. Avalon Trust Co purchased a new position in Brixmor Property Group during the first quarter valued at $59,000. Fourth Dimension Wealth LLC purchased a new position in Brixmor Property Group during the fourth quarter valued at $71,000. Finally, UMB Bank n.a. grew its stake in Brixmor Property Group by 66.3% during the first quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust's stock valued at $72,000 after acquiring an additional 1,085 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BRX has been the subject of several research analyst reports. Scotiabank cut their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Stifel Nicolaus reduced their target price on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th. UBS Group assumed coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 target price on the stock. The Goldman Sachs Group reduced their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Mizuho boosted their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Brixmor Property Group presently has an average rating of "Moderate Buy" and an average target price of $30.17.

Brixmor Property Group Trading Down 0.2%

Brixmor Property Group stock traded down $0.0550 during midday trading on Thursday, reaching $26.9550. The stock had a trading volume of 1,307,737 shares, compared to its average volume of 2,217,792. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 2.56 and a beta of 1.29. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $30.67. The company has a fifty day moving average of $25.98 and a 200 day moving average of $25.91.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced 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. The business had revenue of $339.40 million during the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The company's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, analysts anticipate 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. Shareholders of record on Thursday, October 2nd will be paid a $0.2875 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.3%. Brixmor Property Group's dividend payout ratio (DPR) is presently 104.55%.

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.