60,450 Shares in Brixmor Property Group Inc. $BRX Bought by Walleye Capital LLC

Key Points

• Walleye Capital LLC invested approximately $1.61 million in Brixmor Property Group, acquiring 60,450 shares during the first quarter.
• Brixmor Property Group reported $0.56 earnings per share for the last quarter, exceeding analysts' expectations and showing a 7.5% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.2875 per share, representing an annualized dividend yield of 4.1%, with a dividend payout ratio of 104.55%.

Walleye Capital LLC acquired a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 60,450 shares of the real estate investment trust's stock, valued at approximately $1,605,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRX. Price T Rowe Associates Inc. MD raised its position in Brixmor Property Group by 18.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 362,770 shares of the real estate investment trust's stock valued at $10,100,000 after acquiring an additional 56,095 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Brixmor Property Group during the fourth quarter valued at approximately $264,000. Quarry LP raised its position in Brixmor Property Group by 39.0% during the fourth quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 533 shares in the last quarter. Northern Trust Corp raised its position in Brixmor Property Group by 96.2% during the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock valued at $135,590,000 after acquiring an additional 2,388,264 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Brixmor Property Group by 5.0% during the fourth quarter. AQR Capital Management LLC now owns 615,358 shares of the real estate investment trust's stock valued at $17,070,000 after acquiring an additional 29,289 shares in the last quarter. Institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on BRX shares. Stifel Nicolaus lowered 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. Wells Fargo & Company increased 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. Scotiabank increased their price target on 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 increased their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th. Finally, UBS Group started coverage on Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 price target on the stock. 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.42.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock traded down $0.30 during midday trading on Tuesday, hitting $27.69. The company had a trading volume of 2,601,988 shares, compared to its average volume of 2,377,856. The business's 50 day simple moving average is $26.28 and its two-hundred day simple moving average is $25.95. The stock has a market cap of $8.48 billion, a PE ratio of 25.17, a P/E/G ratio of 2.65 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 quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. Brixmor Property Group's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, equities analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

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

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.