Squarepoint Ops LLC Sells 111,458 Shares of Brixmor Property Group Inc. $BRX

Squarepoint Ops LLC cut its stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 63.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,576 shares of the real estate investment trust's stock after selling 111,458 shares during the quarter. Squarepoint Ops LLC's holdings in Brixmor Property Group were worth $2,068,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Advisors LLC lifted its holdings in Brixmor Property Group by 96.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 495 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Brixmor Property Group in the 1st quarter valued at $26,000. Parkside Financial Bank & Trust increased its stake in Brixmor Property Group by 103.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 876 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 446 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Brixmor Property Group during the 2nd quarter worth about $29,000. Finally, Allworth Financial LP bought a new position in shares of Brixmor Property Group in the 2nd quarter valued at about $29,000. Institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company upgraded Brixmor Property Group to a "hold" rating in a report on Thursday, July 23rd. BMO Capital Markets raised their price target on Brixmor Property Group from $35.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, June 15th. UBS Group boosted their price target on Brixmor Property Group from $34.00 to $37.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Piper Sandler upped their price objective on Brixmor Property Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Brixmor Property Group in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.80.

Brixmor Property Group Stock Performance

BRX opened at $28.58 on Tuesday. Brixmor Property Group Inc. has a 12-month low of $24.66 and a 12-month high of $32.86. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.18 and a beta of 0.97. The business has a 50 day moving average of $30.43 and a 200-day moving average of $30.35. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.34). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The business had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The firm's revenue was up 4.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, equities research analysts expect that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a dividend of $0.3075 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.23 annualized dividend and a dividend yield of 4.3%. Brixmor Property Group's payout ratio is presently 87.86%.

Brixmor Property Group Company Profile

Brixmor Property Group Inc NYSE: BRX is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily composed of grocery-anchored and necessity-based retail properties serving local communities and offering a mix of supermarkets, restaurants, service providers, and other consumer-oriented businesses.

The company's activities include leasing retail space, managing shopping-center properties, and investing in redevelopment and property enhancements designed to support tenant performance and improve the customer experience.

Want to see what other hedge funds are holding BRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brixmor Property Group Inc. (NYSE:BRX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.