Y Intercept Hong Kong Ltd Has $1.57 Million Position in Brixmor Property Group Inc. $BRX

Y Intercept Hong Kong Ltd lifted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 74.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,283 shares of the real estate investment trust’s stock after buying an additional 25,732 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Brixmor Property Group were worth $1,570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its position in shares of Brixmor Property Group by 10.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 8,616,420 shares of the real estate investment trust’s stock worth $228,766,000 after acquiring an additional 824,404 shares during the period. Ameriprise Financial Inc. raised 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 valued at $185,615,000 after purchasing an additional 1,537,737 shares in the last quarter. Invesco Ltd. lifted its position in Brixmor Property Group by 12.5% in the first quarter. Invesco Ltd. now owns 6,467,925 shares of the real estate investment trust’s stock worth $171,723,000 after purchasing an additional 719,433 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Brixmor Property Group by 3.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,141,430 shares of the real estate investment trust’s stock worth $136,505,000 after buying an additional 189,562 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Brixmor Property Group by 0.3% during the first quarter. Northern Trust Corp now owns 4,886,677 shares of the real estate investment trust’s stock worth $129,741,000 after buying an additional 16,335 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction dated 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 owned 302,657 shares in the company, valued at $8,537,953.97. This represents a 7.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on BRX shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a report on Wednesday, October 8th. Mizuho raised their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Wells Fargo & Company initiated coverage on Brixmor Property Group in a report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price objective on the stock. Evercore ISI increased their target price on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Finally, Stifel Nicolaus cut their target price on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, July 29th. Twelve analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.69.

Brixmor Property Group Stock Performance

NYSE BRX opened at $26.18 on Friday. Brixmor Property Group Inc. has a 1-year low of $22.28 and a 1-year high of $30.67. The company has a 50 day moving average of $27.48 and a 200-day moving average of $26.37. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 1.85. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 2.47 and a beta of 1.33.

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

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, January 5th will be paid a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.7%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, January 5th. Brixmor Property Group’s dividend payout ratio is 105.50%.

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.