Presima Securities ULC Purchases 126,855 Shares of Brixmor Property Group Inc. $BRX

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 lifted its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,519,123 shares of the real estate investment trust's stock after buying an additional 126,855 shares during the period. Brixmor Property Group makes up about 9.0% of Presima Securities ULC's portfolio, making the stock its 2nd largest position. Presima Securities ULC owned approximately 0.50% of Brixmor Property Group worth $40,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BRX. Smartleaf Asset Management LLC boosted its stake in 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 acquiring an additional 498 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Brixmor Property Group by 146.4% during the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 953 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Brixmor Property Group during the 1st quarter valued at $44,000. Blue Trust Inc. boosted its position in shares of Brixmor Property Group by 54.4% in the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 709 shares in the last quarter. Finally, Avalon Trust Co acquired a new stake in shares of Brixmor Property Group in the 1st quarter worth $59,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Wall Street Analysts Forecast Growth

BRX has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price 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. Scotiabank boosted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock a "sector outperform" rating in a research note on Thursday, August 28th. Mizuho increased their price objective 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. Stifel Nicolaus lowered their target price 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, LADENBURG THALM/SH SH initiated 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. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Brixmor Property Group currently has an average rating of "Moderate Buy" and an average price target of $30.58.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock traded down $0.04 on Wednesday, reaching $27.82. 2,051,686 shares of the stock were exchanged, compared to its average volume of 1,820,005. The business has a 50 day moving average price of $26.56 and a two-hundred day moving average price of $25.99. The firm has a market capitalization of $8.51 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 2.64 and a beta of 1.32. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67. 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 posted 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 net margin of 25.27% and a return on equity of 11.39%. The company had revenue of $339.40 million during the quarter, compared to analyst estimates of $332.59 million. During the same period last year, the firm posted $0.54 EPS. Brixmor Property Group's revenue for the quarter 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. Analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

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

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the company's stock in a transaction on Friday, September 5th. The shares were 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 represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.75% of the company's stock.

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.