Nomura Holdings Inc. Trims Position in Brixmor Property Group Inc. $BRX

Key Points

• Nomura Holdings Inc. has significantly decreased its stake in Brixmor Property Group, selling 56,997 shares and reducing its holdings by 78.2% in the first quarter to 15,888 shares.
• Major hedge funds have shown increased interest in Brixmor Property Group, with Smartleaf Asset Management and Brooklyn Investment Group boosting their stakes by over 53% and 146%, respectively.
• Brixmor Property Group announced a quarterly dividend of $0.2875 per share, translating to an annual yield of 4.1%, with a payout ratio of 104.55%.

Nomura Holdings Inc. trimmed its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 78.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,888 shares of the real estate investment trust's stock after selling 56,997 shares during the period. Nomura Holdings Inc.'s holdings in Brixmor Property Group were worth $422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Transcend Capital Advisors LLC bought a new position in shares of Brixmor Property Group in the 1st quarter worth $356,000. Principal Financial Group Inc. increased its stake in Brixmor Property Group by 1.6% in the first quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock valued at $18,679,000 after acquiring an additional 11,040 shares during the last quarter. Fifth Third Bancorp increased its stake in Brixmor Property Group by 54.6% in the first quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock valued at $122,000 after acquiring an additional 1,628 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Brixmor Property Group by 9.8% during the first quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock valued at $255,000 after purchasing an additional 861 shares in the last quarter. Finally, Tower View Wealth Management LLC bought a new stake in Brixmor Property Group during the first quarter worth about $328,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Trading Down 0.1%

Brixmor Property Group stock traded down $0.04 during trading hours on Wednesday, reaching $27.82. The company had a trading volume of 2,051,686 shares, compared to its average volume of 1,820,005. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.67. The company has a 50-day moving average price of $26.56 and a 200 day moving average price of $25.99. The firm has a market cap of $8.51 billion, a price-to-earnings ratio of 25.29, 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 the consensus estimate 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 firm had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. During the same quarter last year, the business earned $0.54 earnings per share. The business's 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. Equities analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently declared 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 dividend on an annualized basis 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 104.55%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BRX shares. Wells Fargo & Company increased their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. Mizuho increased their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. LADENBURG THALM/SH SH assumed coverage on shares of Brixmor Property Group in a research note on Tuesday. They set a "buy" rating and a $32.00 price target on the stock. Stifel Nicolaus cut their price objective on shares of 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, UBS Group assumed coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.58.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the company's stock in a transaction dated Friday, September 5th. The shares were 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 approximately $8,537,953.97. This represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company's stock.

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.