1,169,899 Shares in Brixmor Property Group Inc. $BRX Acquired by Strs Ohio

Key Points

• Strs Ohio acquired a new stake in Brixmor Property Group during Q1, purchasing approximately 1.17 million shares valued at around $31 million, representing 0.38% of the company's total shares.
• Brixmor reported a net margin of 25.27% and a year-over-year revenue increase of 7.5%, with earnings per share surpassing estimates at $0.56.
• The company announced a quarterly dividend of $0.2875 per share, translating to an annualized dividend yield of 4.1%, despite having a payout ratio of 104.55%.

Strs Ohio bought a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,169,899 shares of the real estate investment trust's stock, valued at approximately $31,061,000. Strs Ohio owned about 0.38% of Brixmor Property Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Acadian Asset Management LLC purchased a new stake in shares of Brixmor Property Group in the 1st quarter valued at approximately $1,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Brixmor Property Group by 5.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,314,011 shares of the real estate investment trust's stock worth $61,437,000 after buying an additional 114,069 shares during the period. Great Lakes Advisors LLC grew its holdings in Brixmor Property Group by 8.8% during the 1st quarter. Great Lakes Advisors LLC now owns 156,424 shares of the real estate investment trust's stock worth $4,153,000 after acquiring an additional 12,608 shares in the last quarter. Caxton Associates LLP acquired a new position in Brixmor Property Group during the 1st quarter worth approximately $507,000. Finally, Goldman Sachs Group Inc. grew its holdings in Brixmor Property Group by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust's stock worth $45,231,000 after acquiring an additional 89,827 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

NYSE BRX traded up $0.07 during trading hours on Wednesday, reaching $27.96. The company's stock had a trading volume of 327,410 shares, compared to its average volume of 2,343,319. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.67. The stock has a market cap of $8.56 billion, a PE ratio of 25.39, a PEG ratio of 2.66 and a beta of 1.32. The company's 50-day moving average is $26.73 and its two-hundred day moving average is $25.99. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) 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 period last year, the company earned $0.54 EPS. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

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

Insider Activity

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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a research note on Monday. UBS Group assumed coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 price target for the company. LADENBURG THALM/SH SH initiated coverage on shares of Brixmor Property Group in a research note on Tuesday, September 9th. They set a "buy" rating and a $32.00 price target for the company. Wells Fargo & Company upped their price objective 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. Finally, Mizuho upped their price objective 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.