Nuveen LLC Acquires Shares of 1,069,709 Brixmor Property Group Inc. $BRX

Nuveen LLC bought a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,069,709 shares of the real estate investment trust's stock, valued at approximately $28,401,000. Nuveen LLC owned approximately 0.35% of Brixmor Property Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in BRX. Northern Trust Corp lifted its stake in Brixmor Property Group by 96.2% in the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock valued at $135,590,000 after acquiring an additional 2,388,264 shares during the last quarter. Deutsche Bank AG increased its holdings in Brixmor Property Group by 31.3% in the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock valued at $163,778,000 after buying an additional 1,404,034 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of Brixmor Property Group during the 1st quarter valued at approximately $34,702,000. Clark Capital Management Group Inc. grew its holdings in shares of Brixmor Property Group by 406.2% during the 4th quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust's stock valued at $42,207,000 after purchasing an additional 1,216,548 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Brixmor Property Group by 142.1% during the 1st quarter. Allianz Asset Management GmbH now owns 1,533,745 shares of the real estate investment trust's stock worth $40,721,000 after buying an additional 900,352 shares during the period. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Up 3.5%

Shares of BRX stock traded up $0.9420 during trading hours on Friday, hitting $27.9220. 252,174 shares of the company's stock traded hands, compared to its average volume of 2,377,639. The stock's fifty day simple moving average is $25.98 and its two-hundred day simple moving average is $25.91. 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 cap of $8.55 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 2.56 and a beta of 1.29. 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 released 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 net margin of 25.27% and a return on equity of 11.39%. The firm had revenue of $339.40 million during the quarter, compared to analyst estimates of $332.59 million. During the same period 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. On average, analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be paid 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 104.55%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Scotiabank dropped their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. Stifel Nicolaus reduced their price target on shares of 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. UBS Group initiated coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 price target on the stock. The Goldman Sachs Group dropped their target price on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Mizuho upped their price target 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 research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average price target of $30.17.

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.