Brixmor Property Group Inc. $BRX Shares Sold by Pensionfund Sabic

Pensionfund Sabic lowered its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 10.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,211 shares of the real estate investment trust’s stock after selling 5,000 shares during the quarter. Pensionfund Sabic’s holdings in Brixmor Property Group were worth $1,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BRX. Ameriprise Financial Inc. increased its stake in shares of Brixmor Property Group by 28.2% in the first quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust’s stock worth $185,615,000 after acquiring an additional 1,537,737 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in shares of Brixmor Property Group in the first quarter worth $34,702,000. Strs Ohio acquired a new stake in shares of Brixmor Property Group in the first quarter worth $31,061,000. Nuveen LLC acquired a new stake in shares of Brixmor Property Group in the first quarter worth $28,401,000. Finally, Allianz Asset Management GmbH increased its stake in shares of Brixmor Property Group by 142.1% in the first quarter. Allianz Asset Management GmbH now owns 1,533,745 shares of the real estate investment trust’s stock worth $40,721,000 after acquiring an additional 900,352 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

BRX opened at $28.02 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.66 and a beta of 1.32. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $30.67. The firm’s fifty day simple moving average is $26.64 and its two-hundred day simple moving average is $25.99.

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, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend 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%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They set a “buy” rating and a $29.00 price target on the stock. Wells Fargo & Company increased their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. LADENBURG THALM/SH SH assumed coverage on shares of Brixmor Property Group in a report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price target on the stock. Scotiabank increased their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 28th. Finally, Mizuho increased their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.58.

Insider Transactions at Brixmor Property Group

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 shares were sold at an average price of $28.21, for a total transaction of $705,250.00. Following the transaction, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.75% of the stock is currently 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.