Geode Capital Management LLC Has $156.83 Million Stock Position in Brixmor Property Group Inc. $BRX

Geode Capital Management LLC raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 0.9% during the second quarter, HoldingsChannel.com reports. The firm owned 6,021,693 shares of the real estate investment trust’s stock after buying an additional 52,389 shares during the quarter. Geode Capital Management LLC’s holdings in Brixmor Property Group were worth $156,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BRX. Louisiana State Employees Retirement System lifted its holdings 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 valued at $2,242,000 after buying an additional 400 shares during the last quarter. State of Michigan Retirement System raised its position in 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 acquiring an additional 400 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Brixmor Property Group by 4.7% in the second quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 451 shares during the last quarter. US Bancorp DE grew its position in Brixmor Property Group by 6.0% in the first 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 in the last quarter. Finally, Smartleaf Asset Management LLC increased 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 during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BRX has been the topic of a number of recent research reports. Wells Fargo & Company started coverage on shares of Brixmor Property Group in a report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price target on the stock. JPMorgan Chase & Co. increased their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Stifel Nicolaus cut their target price 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. LADENBURG THALM/SH SH started coverage on Brixmor Property Group in a research note on Tuesday, September 9th. They set a “buy” rating and a $32.00 price target for the company. Finally, Scotiabank lowered their price objective on Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.45.

Brixmor Property Group Stock Performance

Shares of BRX opened at $26.14 on Wednesday. The company has a market capitalization of $8.00 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31. Brixmor Property Group Inc. has a one year low of $22.28 and a one year 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 company’s fifty day moving average price is $27.12 and its 200 day moving average price is $26.45.

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

Brixmor Property Group Increases Dividend

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