Resona Asset Management Co. Ltd. Purchases 13,054 Shares of Brixmor Property Group Inc. $BRX

Key Points

• Resona Asset Management Co. Ltd. increased its stock holdings in Brixmor Property Group Inc. by 10.9% during the first quarter, owning 133,367 shares worth approximately $3.49 million at the end of the period.
• Brixmor Property Group reported a $0.56 EPS for the last quarter, beating expectations and showing a 7.5% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.2875 per share, which reflects an annualized dividend yield of 4.3% with a payout ratio of 104.55%.

Resona Asset Management Co. Ltd. boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 10.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,367 shares of the real estate investment trust's stock after buying an additional 13,054 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Brixmor Property Group were worth $3,487,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Securian Asset Management Inc. boosted 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 worth $617,000 after purchasing an additional 400 shares during the period. US Bancorp DE lifted its holdings 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 worth $227,000 after buying an additional 484 shares in the last quarter. Natixis Advisors LLC lifted its holdings 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 worth $3,550,000 after buying an additional 519 shares in the last quarter. Ascent Group LLC lifted its holdings in shares of Brixmor Property Group by 6.0% in the fourth quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock worth $255,000 after buying an additional 521 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Brixmor Property Group by 39.0% in the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock worth $53,000 after buying an additional 533 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on BRX. The Goldman Sachs Group decreased their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. UBS Group began coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 price target on the stock. Mizuho upped their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday. Scotiabank decreased 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 note on Monday, May 12th. Finally, Stifel Nicolaus decreased their price target on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.17.

Brixmor Property Group Trading Up 3.5%

BRX stock traded up $0.9380 during trading on Friday, hitting $27.9180. The company had a trading volume of 252,174 shares, compared to its average volume of 2,377,639. The firm has a market capitalization of $8.55 billion, a P/E ratio of 25.40, a PEG ratio of 2.56 and a beta of 1.29. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $30.67. The company has a 50 day simple moving average of $25.98 and a 200-day simple moving average of $25.91. 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 issued its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping 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 company had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. During the same period in the prior year, the business 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. As a group, research analysts forecast 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. Shareholders 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 yield of 4.1%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio is presently 104.55%.

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.