Nicola Wealth Management LTD. Takes Position in Brixmor Property Group Inc. $BRX

Key Points

• Nicola Wealth Management LTD. has invested approximately $836,000 in Brixmor Property Group, acquiring 31,490 shares of the real estate investment trust's stock in the first quarter.
• Brixmor Property Group reported earnings of $0.56 per share for the last quarter, exceeding analysts' expectations and marking a 7.5% increase in revenue compared to the previous year.
• The company has announced a quarterly dividend of $0.2875 per share, with an annualized dividend yield of 4.1%, despite a high dividend payout ratio of 104.55%.

Nicola Wealth Management LTD. acquired a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 31,490 shares of the real estate investment trust's stock, valued at approximately $836,000.

Other large investors also recently modified their holdings of the company. Transcend Capital Advisors LLC bought a new stake in Brixmor Property Group during the first quarter valued at about $356,000. Principal Financial Group Inc. raised its stake in Brixmor Property Group by 1.6% during 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 purchasing an additional 11,040 shares during the period. Fifth Third Bancorp raised its stake in Brixmor Property Group by 54.6% during the 1st quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock valued at $122,000 after purchasing an additional 1,628 shares during the period. American Century Companies Inc. purchased a new position in Brixmor Property Group in the 1st quarter worth approximately $270,000. Finally, Janney Montgomery Scott LLC boosted its stake 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 worth $255,000 after purchasing an additional 861 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the 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 transaction, the insider owned 302,657 shares of the company's stock, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.75% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BRX shares. Scotiabank lifted their price objective on shares of Brixmor Property Group from $30.00 to $31.00 and gave the company a "sector outperform" rating in a research report on Monday. UBS Group started coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 target price for the company. Wells Fargo & Company boosted their price target on shares of 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. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a report on Tuesday, September 9th. They set a "buy" rating and a $32.00 price objective for the company. Finally, Evercore ISI lifted their target price on Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Monday. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.75.

Brixmor Property Group Trading Down 0.1%

BRX stock traded down $0.02 during trading on Wednesday, hitting $27.88. The company had a trading volume of 430,712 shares, compared to its average volume of 2,343,819. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $30.67. The company has a 50 day simple moving average of $26.73 and a 200-day simple moving average of $25.99. The firm has a market capitalization of $8.53 billion, a P/E ratio of 25.34, a PEG ratio of 2.66 and a beta of 1.32. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73.

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 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The business had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. During the same period in the prior year, the firm earned $0.54 EPS. The company's revenue for the quarter 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, research 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio is currently 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.