Brixmor Property Group Inc. $BRX Shares Sold by State of Wyoming

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 lessened its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 73.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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.

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

Brixmor Property Group Stock Down 0.2%

NYSE:BRX traded down $0.07 during mid-day trading on Friday, hitting $28.02. The stock had a trading volume of 1,611,516 shares, compared to its average volume of 1,823,439. The stock has a 50-day simple moving average of $26.64 and a two-hundred day simple moving average of $26.00. The company has a market capitalization of $8.58 billion, a PE ratio of 25.48, a PEG ratio of 2.66 and a beta of 1.32. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67. The company has a current ratio of 0.74, a quick 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 for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The firm's revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, equities research analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.15 annualized dividend and a yield of 4.1%. Brixmor Property Group's dividend payout ratio (DPR) is 104.55%.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction that occurred 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. This trade represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on BRX. UBS Group began coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price target 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. Wells Fargo & Company increased 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. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a research report on Tuesday. They set a "buy" rating and a $32.00 price target on the stock. Finally, Mizuho increased their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Ten 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 a consensus rating of "Moderate Buy" and a consensus target price of $30.58.

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.