Sequoia Financial Advisors LLC Takes $535,000 Position in Brixmor Property Group Inc. $BRX

Key Points

• Sequoia Financial Advisors LLC acquired a new stake in Brixmor Property Group Inc., investing approximately $535,000 for 20,554 shares.
• Brixmor Property Group recently reported earnings of $0.56 per share for the last quarter, exceeding analyst expectations and marking a 7.5% increase in revenue year-over-year.
• The company's dividend yield stands at 4.2%, with an annualized dividend of $1.15, although it currently has a payout ratio of 104.55%.

Sequoia Financial Advisors LLC acquired a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,554 shares of the real estate investment trust's stock, valued at approximately $535,000.

Several other institutional investors have also added to or reduced their stakes in the company. Securian Asset Management Inc. raised its position in Brixmor Property Group by 1.8% during the first quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust's stock valued at $617,000 after purchasing an additional 400 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Brixmor Property Group by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 86,100 shares of the real estate investment trust's stock valued at $2,242,000 after purchasing an additional 400 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Brixmor Property Group by 4.7% during the second quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust's stock valued at $262,000 after purchasing an additional 451 shares in the last quarter. US Bancorp DE raised its position in Brixmor Property Group by 6.0% during the first quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust's stock valued at $227,000 after purchasing an additional 484 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Brixmor Property Group by 53.1% during 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 purchasing an additional 498 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $27.21 on Monday. 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 twelve month low of $22.28 and a twelve month high of $30.67. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 2.58 and a beta of 1.33. The company's fifty day moving average is $27.35 and its 200 day moving average is $26.14.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share 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 quarter in the previous year, the firm posted $0.54 earnings per share. Brixmor Property Group's revenue for the quarter 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. Sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.2%. Brixmor Property Group's payout ratio is currently 104.55%.

Insider Buying and Selling at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the business'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 owned 302,657 shares of the company's stock, valued at $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BRX has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of 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. LADENBURG THALM/SH SH started coverage on shares of Brixmor Property Group in a report on Tuesday, September 9th. They set a "buy" rating and a $32.00 price target for the company. Stifel Nicolaus lowered their price target 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. Evercore ISI upped their price target on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Brixmor Property Group in a report on Wednesday, October 8th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.75.

About Brixmor Property Group

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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