Brixmor Property Group Inc. $BRX Shares Purchased by Quarry LP

Quarry LP increased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 62.5% during the first quarter, Holdings Channel reports. The institutional investor owned 3,089 shares of the real estate investment trust’s stock after acquiring an additional 1,188 shares during the period. Quarry LP’s holdings in Brixmor Property Group were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC lifted its position 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 valued at $37,000 after acquiring an additional 498 shares during the period. Brooklyn Investment Group increased its stake in Brixmor Property Group by 146.4% in the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 953 shares in the last quarter. SVB Wealth LLC acquired a new position in Brixmor Property Group during the first quarter worth $44,000. Blue Trust Inc. raised its holdings in Brixmor Property Group by 54.4% during the first quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 709 shares during the last quarter. Finally, Avalon Trust Co purchased a new stake in Brixmor Property Group during the first quarter worth $59,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Up 1.1%

BRX stock opened at $28.01 on Thursday. The company has a 50 day moving average price of $26.36 and a two-hundred day moving average price of $25.97. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $8.57 billion, a P/E ratio of 25.46, a PEG ratio of 2.65 and a beta of 1.32. Brixmor Property Group Inc. has a one year low of $22.28 and a one year 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 (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 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 business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 104.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BRX shares. Mizuho raised their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Scotiabank raised their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company a “sector outperform” rating in a report on Thursday, August 28th. Wells Fargo & Company lifted their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 27th. UBS Group began coverage on shares of Brixmor Property Group in a research report on Friday, May 30th. They issued a “buy” rating and a $29.00 price target on the stock. Finally, Stifel Nicolaus dropped their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.42.

Brixmor Property Group Company 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.