Boston Partners Trims Stock Holdings in Brixmor Property Group Inc. $BRX

Boston Partners lessened its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 25.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 458,988 shares of the real estate investment trust’s stock after selling 155,977 shares during the quarter. Boston Partners owned approximately 0.15% of Brixmor Property Group worth $11,952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Securian Asset Management Inc. lifted its holdings in 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 in the last quarter. Louisiana State Employees Retirement System raised its position in shares of 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 valued at $2,242,000 after buying an additional 400 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of Brixmor Property Group by 0.5% during the second quarter. State of Michigan Retirement System now owns 73,607 shares of the real estate investment trust’s stock valued at $1,917,000 after buying an additional 400 shares during the period. Janney Montgomery Scott LLC boosted its position in Brixmor Property Group by 4.7% during the second quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 451 shares during the last quarter. Finally, US Bancorp DE grew its stake in Brixmor Property Group by 6.0% in 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. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BRX shares. Evercore ISI increased their price target 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 target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. JPMorgan Chase & Co. raised their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. LADENBURG THALM/SH SH assumed coverage on Brixmor Property Group in a report on Tuesday, September 9th. They issued a “buy” rating and a $32.00 price target for the company. Finally, Scotiabank cut their price objective on shares of Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a report on Thursday. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX opened at $26.45 on Friday. The firm has a market capitalization of $8.10 billion, a PE ratio of 24.27, a P/E/G ratio of 2.52 and a beta of 1.31. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50-day moving average of $27.23 and a two-hundred day moving average of $26.42.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The firm had revenue of $340.84 million for the quarter, compared to analysts’ expectations of $335.23 million. During the same period in the previous year, the company posted $0.52 earnings per share. Brixmor Property Group’s revenue was up 6.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. As a group, research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, January 5th will be issued a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, January 5th. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is 105.50%.

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.