31,490 Shares in Brixmor Property Group Inc. $BRX Bought by Nicola Wealth Management LTD.

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. purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,490 shares of the real estate investment trust's stock, valued at approximately $836,000.

A number of other large investors have also added to or reduced their stakes in the stock. Canada Pension Plan Investment Board grew its position in Brixmor Property Group by 10.6% during the first quarter. Canada Pension Plan Investment Board now owns 8,616,420 shares of the real estate investment trust's stock worth $228,766,000 after buying an additional 824,404 shares in the last quarter. Ameriprise Financial Inc. grew its position in Brixmor Property Group by 28.2% during the first quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust's stock worth $185,615,000 after buying an additional 1,537,737 shares in the last quarter. Invesco Ltd. grew its position in Brixmor Property Group by 12.5% during the first quarter. Invesco Ltd. now owns 6,467,925 shares of the real estate investment trust's stock worth $171,723,000 after buying an additional 719,433 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Brixmor Property Group by 3.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,141,430 shares of the real estate investment trust's stock worth $136,505,000 after buying an additional 189,562 shares in the last quarter. Finally, Northern Trust Corp grew its position in Brixmor Property Group by 0.3% during the first quarter. Northern Trust Corp now owns 4,886,677 shares of the real estate investment trust's stock worth $129,741,000 after buying an additional 16,335 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BRX shares. 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. UBS Group started coverage on 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 upped their target price 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. Stifel Nicolaus cut their target price on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Finally, Scotiabank upped their target price on Brixmor Property Group from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research note on Monday. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $30.75.

Brixmor Property Group Price Performance

Shares of BRX traded up $0.09 during trading hours on Monday, reaching $28.08. The stock had a trading volume of 1,568,289 shares, compared to its average volume of 2,356,289. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. The stock has a market capitalization of $8.59 billion, a PE ratio of 25.52, a PEG ratio of 2.65 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 company's 50-day moving average is $26.68 and its two-hundred day moving average is $25.98.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating 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 company had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. During the same period in the prior year, the company earned $0.54 EPS. Brixmor Property Group'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. Research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The business also recently announced 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 yield of 4.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 104.55%.

Insider Transactions at Brixmor Property Group

In related 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 transaction, the insider directly owned 302,657 shares of the company's stock, valued at $8,537,953.97. This trade represents a 7.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

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.