State of Wyoming Has $124,000 Stock Holdings in Brixmor Property Group Inc. $BRX

Key Points

• The State of Wyoming has significantly reduced its stake in Brixmor Property Group Inc. by 73.8%, selling over 13,000 shares, leaving them with 4,680 shares valued at approximately $124,000.
• Brixmor reported a quarterly EPS of $0.56, surpassing the consensus estimate of $0.55, and demonstrated a 7.5% year-over-year increase in revenue to $339.40 million.
• The firm announced a quarterly dividend of $0.2875 per share, representing a 4.1% dividend yield, despite having a high dividend payout ratio of 104.55%.

State of Wyoming decreased its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 73.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,680 shares of the real estate investment trust's stock after selling 13,162 shares during the quarter. State of Wyoming's holdings in Brixmor Property Group were worth $124,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in shares of 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 worth $37,000 after acquiring an additional 498 shares during the last quarter. Brooklyn Investment Group increased its holdings in Brixmor Property Group by 146.4% in the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 953 shares during the last quarter. SVB Wealth LLC bought a new stake in Brixmor Property Group in the first quarter valued at about $44,000. Blue Trust Inc. increased its holdings in Brixmor Property Group by 54.4% in the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 709 shares during the last quarter. Finally, Avalon Trust Co bought a new stake in Brixmor Property Group in the first quarter valued at about $59,000. Institutional investors own 98.43% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus reduced 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 report on Tuesday, July 29th. Scotiabank increased their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock a "sector outperform" rating in a report on Thursday, August 28th. Wells Fargo & Company increased their price target on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. UBS Group initiated coverage on Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 price target for the company. Finally, LADENBURG THALM/SH SH initiated coverage on Brixmor Property Group in a report on Tuesday. They issued a "buy" rating and a $32.00 price target for the company. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and an average target price of $30.58.

Brixmor Property Group Stock Up 0.8%

BRX stock traded up $0.23 during mid-day trading on Thursday, reaching $28.02. The company had a trading volume of 609,211 shares, compared to its average volume of 2,357,434. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a 50 day simple moving average of $26.56 and a two-hundred day simple moving average of $25.99. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.64 and a beta of 1.32. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The company had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. During the same period last year, the firm posted $0.54 earnings per share. The business's 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, equities analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share 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 paid a $0.2875 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.1%. Brixmor Property Group's dividend payout ratio is 104.55%.

Insider Buying and Selling

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $28.21, for a total transaction of $705,250.00. Following the completion of the sale, the insider directly owned 302,657 shares of the company's stock, valued at approximately $8,537,953.97. This trade represents a 7.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.75% of the company's stock.

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.