Cbre Investment Management Listed Real Assets LLC Has $109.81 Million Stake in Brixmor Property Group Inc. $BRX

Cbre Investment Management Listed Real Assets LLC boosted its position in Brixmor Property Group Inc. (NYSE:BRX) by 60.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,217,092 shares of the real estate investment trust’s stock after acquiring an additional 1,590,940 shares during the quarter. Brixmor Property Group accounts for 1.7% of Cbre Investment Management Listed Real Assets LLC’s holdings, making the stock its 22nd largest holding. Cbre Investment Management Listed Real Assets LLC owned 1.38% of Brixmor Property Group worth $109,813,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its position in Brixmor Property Group by 16.0% during the 2nd quarter. Bank of Montreal Can now owns 1,201,767 shares of the real estate investment trust’s stock worth $31,294,000 after purchasing an additional 166,092 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Brixmor Property Group by 0.5% during the second quarter. State of Michigan Retirement System now owns 73,607 shares of the real estate investment trust’s stock worth $1,917,000 after buying an additional 400 shares during the last quarter. Wolverine Asset Management LLC bought a new position in shares of Brixmor Property Group in the 2nd quarter valued at $942,000. Strs Ohio grew its holdings in shares of Brixmor Property Group by 16.1% during the second quarter. Strs Ohio now owns 1,358,688 shares of the real estate investment trust’s stock worth $35,380,000 after purchasing an additional 188,789 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of Brixmor Property Group by 7.4% in the second quarter. Assetmark Inc. now owns 32,635 shares of the real estate investment trust’s stock valued at $850,000 after buying an additional 2,241 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other 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 approximately $8,537,953.97. This represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Scotiabank lifted their target price 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. Stifel Nicolaus reduced their target price 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. Evercore ISI increased their target price on shares of Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a research report on Tuesday, September 9th. They issued a “buy” rating and a $32.00 price target on the stock. Finally, Wells Fargo & Company started coverage on shares of Brixmor Property Group in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.69.

Brixmor Property Group Stock Up 0.1%

Shares of Brixmor Property Group stock opened at $26.23 on Friday. The stock’s 50-day moving average is $27.35 and its 200 day moving average is $26.39. Brixmor Property Group Inc. has a one year low of $22.28 and a one year high of $30.67. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.48 and a beta of 1.31. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 1.19.

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

Brixmor Property Group Increases Dividend

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

Brixmor Property Group 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.