RWC Asset Management LLP Sells 63,923 Shares of Brixmor Property Group Inc. $BRX

RWC Asset Management LLP cut its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 6.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 871,560 shares of the real estate investment trust’s stock after selling 63,923 shares during the quarter. Brixmor Property Group accounts for about 1.2% of RWC Asset Management LLP’s holdings, making the stock its 24th largest position. RWC Asset Management LLP’s holdings in Brixmor Property Group were worth $24,125,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. bought a new position in shares of Brixmor Property Group in the third quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its stake in Brixmor Property Group by 43.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 557 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Brixmor Property Group by 40.2% during the second quarter. Parallel Advisors LLC now owns 2,283 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 655 shares during the period. UMB Bank n.a. increased its position in Brixmor Property Group by 26.5% during the 2nd quarter. UMB Bank n.a. now owns 3,443 shares of the real estate investment trust’s stock valued at $90,000 after purchasing an additional 722 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in Brixmor Property Group by 16.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,510 shares of the real estate investment trust’s stock valued at $91,000 after buying an additional 503 shares during the period. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $25.72 on Tuesday. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $28.61. The firm has a market capitalization of $7.87 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.27 and a beta of 1.09. 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’s fifty day moving average price is $26.00 and its 200 day moving average price is $26.55.

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

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, January 5th will be given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Monday, January 5th. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s payout ratio is 112.84%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Scotiabank lowered their price objective on Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Evercore ISI upped their price objective on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. UBS Group lifted their target price on shares of Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.40.

Brixmor Property Group Company Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.