Brixmor Property Group Inc. $BRX Shares Acquired by Presima Securities ULC

Key Points

• Presima Securities ULC increased its stake in Brixmor Property Group by 9.1%, acquiring an additional 126,855 shares during the 1st quarter, making Brixmor its 2nd largest holding.
• Brixmor Property Group recently announced a quarterly dividend of $0.2875 per share, which will be paid on October 15th, representing a dividend yield of 4.1%.
• The company reported $0.56 earnings per share for the last quarter, exceeding expectations, and set its FY 2025 guidance at 2.220-2.250 EPS.

Presima Securities ULC grew its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 9.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,519,123 shares of the real estate investment trust's stock after purchasing an additional 126,855 shares during the period. Brixmor Property Group makes up approximately 9.0% of Presima Securities ULC's investment portfolio, making the stock its 2nd largest holding. Presima Securities ULC owned 0.50% of Brixmor Property Group worth $40,333,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in Brixmor Property Group by 53.1% during the 1st 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 during the period. Brooklyn Investment Group increased its stake in Brixmor Property Group by 146.4% during the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 953 shares during the period. SVB Wealth LLC acquired a new position in Brixmor Property Group during the 1st quarter valued at about $44,000. Blue Trust Inc. increased its stake in Brixmor Property Group by 54.4% during the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 709 shares during the period. Finally, Avalon Trust Co acquired a new position in Brixmor Property Group during the 1st quarter valued at about $59,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Down 0.1%

Shares of BRX traded down $0.04 during midday trading on Friday, reaching $28.06. 632,201 shares of the stock were exchanged, compared to its average volume of 2,355,084. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.67. The firm has a 50 day simple moving average of $26.60 and a 200-day simple moving average of $26.00. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 2.63 and a beta of 1.32.

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

Brixmor Property Group Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.1%. Brixmor Property Group's dividend payout ratio (DPR) is 104.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BRX shares. Mizuho increased their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Stifel Nicolaus decreased their price target 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. Scotiabank increased their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company a "sector outperform" rating in a research report on Thursday, August 28th. UBS Group started coverage on Brixmor Property Group in a research report on Friday, May 30th. They issued a "buy" rating and a $29.00 price target for the company. Finally, Wells Fargo & Company increased their price target 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. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $30.58.

Insider Transactions at Brixmor Property Group

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

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.