First Citizens Bank & Trust Co. Has $1.04 Million Stock Holdings in Brixmor Property Group Inc. $BRX

First Citizens Bank & Trust Co. grew its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 259.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,755 shares of the real estate investment trust’s stock after acquiring an additional 28,693 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Brixmor Property Group were worth $1,035,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Securian Asset Management Inc. raised its stake in shares of Brixmor Property Group by 1.8% during the 1st quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust’s stock worth $617,000 after purchasing an additional 400 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Brixmor Property Group by 0.5% during the 2nd 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 in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of 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 in the last quarter. US Bancorp DE raised its stake in shares of 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 purchasing an additional 484 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of 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 purchasing an additional 498 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 0.8%

BRX stock opened at $28.19 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $8.63 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.64 and a beta of 1.33. The business’s fifty day moving average price is $27.50 and its two-hundred day moving average price is $26.26. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate 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%.The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd were given a dividend of $0.2875 per share. The ex-dividend date was Thursday, October 2nd. This represents a $1.15 annualized dividend and a yield of 4.1%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 104.55%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BRX shares. Evercore ISI upped their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Mizuho increased their price target 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. Stifel Nicolaus dropped their price target on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, July 29th. LADENBURG THALM/SH SH started coverage on Brixmor Property Group in a research note on Tuesday, September 9th. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Scotiabank increased their price target on Brixmor Property Group from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, September 15th. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and a consensus price target of $30.75.

Insiders Place Their Bets

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the 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 transaction, the insider owned 302,657 shares in the company, valued at $8,537,953.97. This trade represents a 7.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.