Knights of Columbus Asset Advisors LLC Sells 3,251 Shares of Brixmor Property Group Inc. $BRX

Knights of Columbus Asset Advisors LLC reduced its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,308 shares of the real estate investment trust’s stock after selling 3,251 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Brixmor Property Group were worth $1,622,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Securian Asset Management Inc. lifted its position in shares of Brixmor Property Group by 1.8% during 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 buying an additional 400 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Brixmor Property Group by 4.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 451 shares in the last quarter. US Bancorp DE lifted its position in shares of Brixmor Property Group by 6.0% during the 1st quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 484 shares in the last quarter. 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 buying an additional 498 shares in the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Brixmor Property Group by 0.4% in the 1st quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust’s stock worth $3,550,000 after purchasing an additional 519 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on BRX shares. Scotiabank boosted their price target on Brixmor Property Group from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, September 15th. Wells Fargo & Company boosted their price target on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. Evercore ISI boosted their price target on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Stifel Nicolaus lowered their price target 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. Finally, LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a report on Tuesday, September 9th. They issued a “buy” rating and a $32.00 price target on the stock. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus target price of $30.75.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $26.88 on Tuesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.67. The stock’s 50 day simple moving average is $27.21 and its two-hundred day simple moving average is $26.10. The company has a market cap of $8.23 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 2.55 and a beta of 1.33.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.3%. Brixmor Property Group’s payout ratio is currently 104.55%.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the business’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 transaction, the insider owned 302,657 shares of the company’s stock, valued at approximately $8,537,953.97. The trade was a 7.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

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.