Quantbot Technologies LP Buys Shares of 23,089 Brixmor Property Group Inc. $BRX

Key Points

• Quantbot Technologies LP has acquired a new investment of approximately $613,000 in Brixmor Property Group, purchasing 23,089 shares of the real estate investment trust's stock.
• Brixmor Property Group recently reported $0.56 EPS, exceeding analysts' expectations, with a 7.5% year-over-year revenue increase to $339.40 million.
• The company declared a quarterly dividend of $0.2875 per share, representing a 4.2% yield, with a payout ratio of 104.55%.

Quantbot Technologies LP acquired a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 23,089 shares of the real estate investment trust's stock, valued at approximately $613,000.

Several other hedge funds also recently made changes to their positions in the business. Northern Trust Corp grew its stake in shares of Brixmor Property Group by 0.3% in the 1st quarter. Northern Trust Corp now owns 4,886,677 shares of the real estate investment trust's stock worth $129,741,000 after purchasing an additional 16,335 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Brixmor Property Group by 146.4% in the 1st 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 during the last quarter. Versor Investments LP acquired a new position in shares of Brixmor Property Group in the 1st quarter worth approximately $1,160,000. Algert Global LLC grew its stake in shares of Brixmor Property Group by 19.5% in the 1st quarter. Algert Global LLC now owns 633,843 shares of the real estate investment trust's stock worth $16,829,000 after purchasing an additional 103,527 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Brixmor Property Group by 0.9% in the 1st quarter. Raymond James Financial Inc. now owns 201,204 shares of the real estate investment trust's stock worth $5,341,000 after purchasing an additional 1,893 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Down 0.2%

Shares of BRX stock traded down $0.04 during trading on Friday, hitting $28.00. 1,977,201 shares of the company were exchanged, compared to its average volume of 1,899,503. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 25.45, a P/E/G ratio of 2.65 and a beta of 1.32. The business's 50-day simple moving average is $26.24 and its 200 day simple moving average is $25.95. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67.

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 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a dividend of $0.2875 per share. 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 (DPR) is currently 104.55%.

Analyst Upgrades and Downgrades

BRX has been the topic of several recent research reports. UBS Group initiated coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday. Stifel Nicolaus decreased 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 report on Tuesday, July 29th. Mizuho raised their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a report on Wednesday, August 20th. Finally, Scotiabank raised their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock a "sector outperform" rating in a report on Thursday. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Brixmor Property Group currently has an average rating of "Moderate Buy" and a consensus price target of $30.42.

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.