Brixmor Property Group Inc. $BRX Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Brixmor Property Group by 17.5%, owning approximately 0.23% of the company, valued at $18.87 million.
• Brixmor Property Group's recent quarterly earnings topped expectations with an EPS of $0.56, and the company set its fiscal year 2025 guidance at 2.220-2.250 EPS.
• The company declared a quarterly dividend of $0.2875 per share, representing a 4.1% yield, and the dividend payout ratio currently stands at 104.55%.

Voya Investment Management LLC lifted its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 17.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 710,830 shares of the real estate investment trust's stock after acquiring an additional 105,705 shares during the quarter. Voya Investment Management LLC owned 0.23% of Brixmor Property Group worth $18,873,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted 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 worth $37,000 after purchasing an additional 498 shares during the last quarter. Brooklyn Investment Group lifted its holdings in shares of Brixmor Property Group by 146.4% in the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 953 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Brixmor Property Group in the 1st quarter worth approximately $44,000. Blue Trust Inc. lifted its holdings in shares of Brixmor Property Group by 54.4% in the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 709 shares during the last quarter. Finally, Avalon Trust Co bought a new stake in shares of Brixmor Property Group in the 1st quarter worth approximately $59,000. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Price Performance

Shares of BRX stock traded down $0.21 during mid-day trading on Friday, hitting $27.63. 3,357,047 shares of the stock traded hands, compared to its average volume of 1,872,239. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67. The firm has a market cap of $8.46 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 2.64 and a beta of 1.32. The company's 50-day simple moving average is $26.86 and its 200-day simple moving average is $26.01. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating 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 company had revenue of $339.40 million for the quarter, compared to analysts' expectations of $332.59 million. During the same period last year, the firm earned $0.54 EPS. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, equities research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

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

Analyst Ratings Changes

BRX has been the topic of several recent research reports. Scotiabank raised their price target on Brixmor Property Group from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a report on Monday. Stifel Nicolaus cut their price target on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, July 29th. Evercore ISI raised their price target on Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Monday. Wells Fargo & Company lifted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Finally, Mizuho lifted their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.75.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction on Friday, September 5th. The stock was sold at an average price of $28.21, for a total value of $705,250.00. Following the transaction, the insider directly owned 302,657 shares in the company, valued at $8,537,953.97. The trade was a 7.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.75% of the stock is owned by insiders.

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.