Vanguard Personalized Indexing Management LLC Boosts Stake in Brixmor Property Group Inc. $BRX

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Brixmor Property Group by 36.1% during the second quarter, now owning 41,875 shares worth approximately $1,090,000.
• Brixmor Property Group reported $0.56 EPS for the quarter, surpassing analysts' estimates by $0.01 and demonstrating a 7.5% increase in quarterly revenue compared to the previous year.
• The company declared a quarterly dividend of $0.2875 per share, representing an annualized yield of 4.2%, with a payout ratio of 104.55%.

Vanguard Personalized Indexing Management LLC raised its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 36.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,875 shares of the real estate investment trust's stock after buying an additional 11,096 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Brixmor Property Group were worth $1,090,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System grew its holdings in Brixmor Property Group by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 86,100 shares of the real estate investment trust's stock worth $2,242,000 after purchasing an additional 400 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of Brixmor Property Group by 10.7% during the second quarter. KLP Kapitalforvaltning AS now owns 68,300 shares of the real estate investment trust's stock valued at $1,779,000 after acquiring an additional 6,600 shares in the last quarter. Tower View Wealth Management LLC raised its position in shares of Brixmor Property Group by 44.6% in the 2nd quarter. Tower View Wealth Management LLC now owns 17,868 shares of the real estate investment trust's stock valued at $465,000 after purchasing an additional 5,512 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Brixmor Property Group by 4.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust's stock worth $262,000 after purchasing an additional 451 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Brixmor Property Group by 0.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 183,451 shares of the real estate investment trust's stock valued at $4,776,000 after acquiring an additional 1,228 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Insiders Place Their Bets

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction dated 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 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 filing with the SEC, which is available through the SEC website. 0.75% of the stock is currently owned by company insiders.

Brixmor Property Group Trading Up 1.4%

Shares of BRX opened at $27.21 on Friday. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.67. The firm has a market capitalization of $8.33 billion, a P/E ratio of 24.73, a P/E/G ratio of 2.58 and a beta of 1.33. The firm has a 50-day moving average price of $27.35 and a 200 day moving average price of $26.14. 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 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $332.59 million. During the same period in the previous year, the firm earned $0.54 earnings per share. Brixmor Property Group's quarterly 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. Sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.2%. The ex-dividend date was Thursday, October 2nd. Brixmor Property Group's payout ratio is 104.55%.

Analyst Ratings Changes

BRX has been the subject of several research analyst reports. Scotiabank raised their price objective on Brixmor Property Group from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 15th. Weiss Ratings reissued a "buy (b)" rating on shares of Brixmor Property Group in a report on Wednesday, October 8th. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a research report on Tuesday, September 9th. They set a "buy" rating and a $32.00 price target on the stock. Mizuho increased their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research report on Wednesday, August 20th. Finally, Evercore ISI raised their price target on shares of Brixmor Property Group from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.75.

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.

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