Parallel Advisors LLC Has $59,000 Stock Position in Brixmor Property Group Inc. $BRX

Parallel Advisors LLC lifted its stake in Brixmor Property Group Inc. (NYSE:BRX) by 40.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,283 shares of the real estate investment trust’s stock after buying an additional 655 shares during the period. Parallel Advisors LLC’s holdings in Brixmor Property Group were worth $59,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its position in Brixmor Property Group by 53.1% in the first 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 grew its holdings in shares of 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 worth $43,000 after purchasing an additional 953 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Brixmor Property Group in the 1st quarter worth about $44,000. Blue Trust Inc. increased its position in shares of Brixmor Property Group by 54.4% during the 1st 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 in the last quarter. Finally, Avalon Trust Co bought a new position in Brixmor Property Group during the 1st quarter valued at about $59,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.3%

Brixmor Property Group stock opened at $27.22 on Friday. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.67. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $8.33 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 2.59 and a beta of 1.32. The company’s 50 day simple moving average is $27.00 and its 200 day simple moving average is $26.02.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The company had revenue of $339.40 million for the quarter, compared to analysts’ expectations of $332.59 million. During the same period last year, the firm posted $0.54 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, sell-side analysts anticipate 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. 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 dividend on an annualized basis and a dividend yield of 4.2%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 104.55%.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of the 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 completion of the sale, the insider directly owned 302,657 shares of the company’s stock, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.75% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BRX. UBS Group began coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They set a “buy” rating and a $29.00 price objective for the company. Scotiabank increased their price target on Brixmor Property Group from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 15th. Evercore ISI raised their price target on Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Stifel Nicolaus reduced their price objective on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, July 29th. Finally, Mizuho increased their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.75.

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.