Strs Ohio Acquires New Stake in Brixmor Property Group Inc. $BRX

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 acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in BRX. Transcend Capital Advisors LLC bought a new position in Brixmor Property Group in the first quarter valued at about $356,000. Principal Financial Group Inc. raised its holdings in Brixmor Property Group by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust's stock worth $18,679,000 after purchasing an additional 11,040 shares during the last quarter. Fifth Third Bancorp lifted its position in Brixmor Property Group by 54.6% during the 1st quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust's stock valued at $122,000 after purchasing an additional 1,628 shares during the period. American Century Companies Inc. bought a new position in shares of Brixmor Property Group in the 1st quarter valued at about $270,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Brixmor Property Group by 9.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust's stock worth $255,000 after buying an additional 861 shares during the period. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Trading Up 0.3%

Shares of BRX stock traded up $0.09 on Monday, hitting $28.08. The stock had a trading volume of 1,568,289 shares, compared to its average volume of 2,356,289. 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 Inc. has a twelve month low of $22.28 and a twelve month high of $30.67. The company has a fifty day moving average price of $26.64 and a two-hundred day moving average price of $25.98. The firm has a market cap of $8.59 billion, a P/E ratio of 25.52, a PEG ratio of 2.65 and a beta of 1.32.

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 EPS for the quarter, topping the consensus estimate 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 business had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. During the same quarter last year, the business posted $0.54 EPS. The firm's revenue 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. As a group, analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be issued 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 is Thursday, October 2nd. Brixmor Property Group's payout ratio is 104.55%.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of the 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 represents a 7.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.75% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Scotiabank increased their price objective on shares of Brixmor Property Group from $30.00 to $31.00 and gave the company a "sector outperform" rating in a report on Monday. Wells Fargo & Company upped their target price 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. UBS Group assumed coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price target on the stock. Stifel Nicolaus decreased their price objective on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Finally, Mizuho upped their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and an average target price 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.