Uniplan Investment Counsel Inc. Purchases New Holdings 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 Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 128,316 shares of the real estate investment trust's stock, valued at approximately $3,407,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. PharVision Advisers LLC raised its holdings in Brixmor Property Group by 20.6% during the first quarter. PharVision Advisers LLC now owns 9,708 shares of the real estate investment trust's stock valued at $258,000 after buying an additional 1,658 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of Brixmor Property Group by 2.4% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 43,787 shares of the real estate investment trust's stock worth $1,163,000 after acquiring an additional 1,046 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Brixmor Property Group by 6.2% in the first quarter. Alliancebernstein L.P. now owns 1,679,966 shares of the real estate investment trust's stock worth $44,603,000 after acquiring an additional 98,091 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Brixmor Property Group by 138.8% in the first quarter. AQR Capital Management LLC now owns 1,469,193 shares of the real estate investment trust's stock worth $38,654,000 after acquiring an additional 853,835 shares during the last quarter. Finally, Amundi grew its stake in shares of Brixmor Property Group by 5.6% in the first quarter. Amundi now owns 172,145 shares of the real estate investment trust's stock worth $4,298,000 after acquiring an additional 9,088 shares during the last quarter. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Down 0.1%

NYSE BRX traded down $0.04 during trading hours on Wednesday, reaching $27.82. 2,051,686 shares of the company's stock were exchanged, compared to its average volume of 2,367,750. The company's 50-day moving average is $26.52 and its two-hundred day moving average is $25.98. Brixmor Property Group Inc. has a one year low of $22.28 and a one year high of $30.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $8.51 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $339.40 million during the quarter, compared to analysts' expectations of $332.59 million. During the same period in the prior year, the business earned $0.54 EPS. Brixmor Property Group'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. On average, analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 Buying and Selling at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $28.21, for a total transaction of $705,250.00. Following the completion of the transaction, the insider owned 302,657 shares in the company, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. 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. Wells Fargo & Company lifted their price target on Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. 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. Stifel Nicolaus cut their target price 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. Finally, UBS Group initiated coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 target price on the stock. Ten investment 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, Brixmor Property Group presently has an average rating of "Moderate Buy" and an average 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.