Vident Advisory LLC Invests $611,000 in Brixmor Property Group Inc. $BRX

Key Points

• Vident Advisory LLC has acquired 23,006 new shares of Brixmor Property Group Inc. for approximately $611,000, indicating growing institutional interest in the real estate investment trust.
• Brixmor reported $0.56 earnings per share for the recent quarter, surpassing estimates and showing a 7.5% revenue growth year-over-year.
• The company announced a quarterly dividend of $0.2875 per share, leading to an annualized yield of 4.1%, although its dividend payout ratio is currently over 104%.

Vident Advisory LLC acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 23,006 shares of the real estate investment trust's stock, valued at approximately $611,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Securian Asset Management Inc. boosted its position in shares of Brixmor Property Group by 1.8% in the 1st quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust's stock valued at $617,000 after purchasing an additional 400 shares during the period. US Bancorp DE lifted its position in Brixmor Property Group by 6.0% during the 1st quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust's stock worth $227,000 after acquiring an additional 484 shares during the period. Smartleaf Asset Management LLC lifted its position in Brixmor Property Group by 53.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 498 shares during the period. Natixis Advisors LLC lifted its position in Brixmor Property Group by 0.4% during the 1st quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust's stock worth $3,550,000 after acquiring an additional 519 shares during the period. Finally, Ascent Group LLC lifted its position in Brixmor Property Group by 6.0% during the 4th quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock worth $255,000 after acquiring an additional 521 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction 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 sale, the insider owned 302,657 shares in the company, valued at $8,537,953.97. This trade represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by company insiders.

Brixmor Property Group Price Performance

NYSE:BRX traded up $0.30 during trading hours on Thursday, reaching $28.09. 1,917,410 shares of the company traded hands, compared to its average volume of 1,817,426. The firm's 50-day moving average is $26.60 and its 200-day moving average is $26.00. The stock has a market cap of $8.60 billion, a P/E ratio of 25.54, a P/E/G ratio of 2.63 and a beta of 1.32. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. Brixmor Property Group Inc. has a 1-year low of $22.28 and a 1-year high of $30.67.

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 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The firm had revenue of $339.40 million for 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%.Brixmor Property Group's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter 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 expect 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. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.1%. Brixmor Property Group's dividend payout ratio (DPR) is 104.55%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wells Fargo & Company increased their price objective on 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. LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a research note on Tuesday. They set a "buy" rating and a $32.00 target price for the company. UBS Group began coverage on Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 target price for the company. Scotiabank increased their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock a "sector outperform" rating in a research note on Thursday, August 28th. Finally, Mizuho increased their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 20th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.