Uniplan Investment Counsel Inc. Makes New $3.41 Million Investment in Brixmor Property Group Inc. $BRX

Key Points

• Uniplan Investment Counsel Inc. acquired 128,316 shares of Brixmor Property Group valued at approximately $3.4 million in Q1.
• The average analyst rating for Brixmor Property Group is "Moderate Buy" with a consensus target price of $30.42.
• Brixmor Property Group announced a quarterly dividend of $0.2875 per share, providing a dividend yield of 4.1% despite a payout ratio of 104.55%.

Uniplan Investment Counsel Inc. purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 128,316 shares of the real estate investment trust's stock, valued at approximately $3,407,000.

A number of other large investors also recently modified their holdings of BRX. Smartleaf Asset Management LLC raised its holdings in shares of Brixmor Property Group by 53.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 498 shares in the last quarter. Brooklyn Investment Group raised its stake 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 buying an additional 953 shares in the last quarter. SVB Wealth LLC purchased a new stake in Brixmor Property Group during the 1st quarter worth about $44,000. Blue Trust Inc. boosted its position in shares of Brixmor Property Group by 54.4% during the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 709 shares in the last quarter. Finally, Avalon Trust Co purchased a new position in shares of Brixmor Property Group in the 1st quarter valued at about $59,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Brixmor Property Group 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 trade represents a 7.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.75% of the company's stock.

Brixmor Property Group Stock Performance

Shares of NYSE BRX traded down $0.06 during trading hours on Friday, reaching $28.04. The stock had a trading volume of 570,646 shares, compared to its average volume of 2,354,372. The firm has a market cap of $8.58 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 2.63 and a beta of 1.32. 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 fifty-two week low of $22.28 and a fifty-two week high of $30.67. The firm has a 50-day moving average of $26.60 and a 200-day moving average of $26.00.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results 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. The firm had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The business's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Equities research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

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

Analysts Set New Price Targets

BRX has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 27th. Stifel Nicolaus reduced their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Scotiabank upped their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company a "sector outperform" rating in a report on Thursday, August 28th. Mizuho lifted 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 note on Wednesday, August 20th. Finally, UBS Group began coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They issued a "buy" rating and a $29.00 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 stock. According to data from MarketBeat, Brixmor Property Group has an average rating of "Moderate Buy" and an average target price of $30.58.

Brixmor Property Group 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.