Robeco Institutional Asset Management B.V. Lowers Stock Position in Brixmor Property Group Inc. $BRX

Robeco Institutional Asset Management B.V. decreased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 94.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,451 shares of the real estate investment trust's stock after selling 246,980 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Brixmor Property Group were worth $376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC purchased a new position in shares of Brixmor Property Group in the first quarter worth about $356,000. Principal Financial Group Inc. lifted its stake in Brixmor Property Group by 1.6% in the first quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock worth $18,679,000 after acquiring an additional 11,040 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Brixmor Property Group by 54.6% during the 1st quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock worth $122,000 after buying an additional 1,628 shares during the last quarter. American Century Companies Inc. purchased a new stake in shares of Brixmor Property Group during the 1st quarter worth approximately $270,000. Finally, Janney Montgomery Scott LLC raised its position in Brixmor Property Group by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock valued at $255,000 after purchasing an additional 861 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Insider Buying and Selling

In other news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the sale, the insider directly owned 302,657 shares of the company's stock, valued at $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 SEC, which is available at this link. Company insiders own 0.75% of the company's stock.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $26.91 on Thursday. The company has a market cap of $8.24 billion, a P/E ratio of 24.46, a P/E/G ratio of 2.55 and a beta of 1.33. 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 Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. The business's 50 day moving average is $27.22 and its two-hundred day moving average is $26.11.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $339.40 million for the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.Brixmor Property Group's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, equities analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.3%. Brixmor Property Group's dividend payout ratio (DPR) is presently 104.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Brixmor Property Group in a research note on Wednesday. Scotiabank increased their target price on shares of Brixmor Property Group from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 15th. Wells Fargo & Company raised their price target on shares of 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. Evercore ISI raised their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Finally, LADENBURG THALM/SH SH assumed coverage on Brixmor Property Group in a research note on Tuesday, September 9th. They issued a "buy" rating and a $32.00 target price on the stock. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.75.

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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