Park Avenue Securities LLC Takes Position in Brixmor Property Group Inc. $BRX

Key Points

• Park Avenue Securities LLC has acquired a new stake in Brixmor Property Group, purchasing 35,717 shares valued at approximately $930,000.
• Brixmor Property Group has received analyst upgrades, with Evercore ISI raising its price target from $31.00 to $32.00 and ten analysts currently rating it as a "Buy."
• The company declared a quarterly dividend of $0.2875, set to be paid to shareholders on October 15th, resulting in a yield of 4.2%.

Park Avenue Securities LLC purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 35,717 shares of the real estate investment trust's stock, valued at approximately $930,000.

A number of other hedge funds have also made changes to their positions in the company. Securian Asset Management Inc. increased its position in shares of Brixmor Property Group by 1.8% in the first quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust's stock valued at $617,000 after buying an additional 400 shares in the last quarter. US Bancorp DE increased its position in shares of Brixmor Property Group by 6.0% in the first quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust's stock valued at $227,000 after buying an additional 484 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Brixmor Property Group by 53.1% in the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 498 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Brixmor Property Group by 0.4% in the first quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust's stock valued at $3,550,000 after buying an additional 519 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Brixmor Property Group by 0.7% in the first quarter. Nisa Investment Advisors LLC now owns 80,350 shares of the real estate investment trust's stock valued at $2,133,000 after buying an additional 559 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BRX. Evercore ISI raised their price target on Brixmor Property Group from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. LADENBURG THALM/SH SH started coverage on Brixmor Property Group in a research report on Tuesday, September 9th. They issued a "buy" rating and a $32.00 price target for the company. Wells Fargo & Company lifted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Stifel Nicolaus dropped their price objective on 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. Finally, Mizuho lifted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.75.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $28.21, for a total value of $705,250.00. Following the sale, the insider directly owned 302,657 shares of the company's stock, valued at approximately $8,537,953.97. This trade represents a 7.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.75% of the company's stock.

Brixmor Property Group Trading Up 0.7%

Brixmor Property Group stock opened at $27.44 on Friday. The stock has a market cap of $8.40 billion, a PE ratio of 24.95, a P/E/G ratio of 2.60 and a beta of 1.32. The stock has a 50-day moving average price of $27.03 and a 200 day moving average price of $26.04. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $339.40 million for the quarter, compared to analyst estimates of $332.59 million. During the same period last year, the company earned $0.54 EPS. The firm's quarterly 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 research analysts predict 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 declared 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. This represents a $1.15 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 104.55%.

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.

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