Brixmor Property Group Inc. $BRX Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in Brixmor Property Group Inc. (NYSE:BRX) by 11.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 630,766 shares of the real estate investment trust’s stock after selling 82,157 shares during the period. Voya Investment Management LLC’s holdings in Brixmor Property Group were worth $17,460,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Brixmor Property Group by 53.1% during the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 498 shares during the period. SVB Wealth LLC acquired a new stake in shares of Brixmor Property Group in the 1st quarter worth $44,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Brixmor Property Group by 43.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $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 worth $59,000 after acquiring an additional 655 shares during the period. Finally, Quarry LP increased its stake in shares of Brixmor Property Group by 62.5% during the first quarter. Quarry LP now owns 3,089 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 1,188 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

BRX has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, September 15th. LADENBURG THALM/SH SH initiated coverage on Brixmor Property Group in a research note on Tuesday, September 9th. They issued a “buy” rating and a $32.00 price target on the stock. Scotiabank cut 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 report on Monday, December 15th. Finally, JPMorgan Chase & Co. increased their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.20.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $26.06 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.85. The company’s 50-day moving average price is $26.33 and its 200 day moving average price is $26.51. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $28.61. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 2.39 and a beta of 1.10.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. The company had revenue of $340.84 million during the quarter, compared to analysts’ expectations of $335.23 million. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. As a group, research 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 business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors 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 yield of 4.7%. The ex-dividend date of this dividend is Monday, January 5th. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is currently 105.50%.

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.