Brixmor Property Group Inc. $BRX Stock Position Increased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in Brixmor Property Group Inc. (NYSE:BRX) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,021,693 shares of the real estate investment trust’s stock after buying an additional 52,389 shares during the quarter. Geode Capital Management LLC owned about 1.97% of Brixmor Property Group worth $156,829,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC lifted its holdings in Brixmor Property Group by 32.3% in the 1st quarter. Cerity Partners LLC now owns 25,942 shares of the real estate investment trust’s stock valued at $689,000 after acquiring an additional 6,336 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Brixmor Property Group by 7.0% in the 1st quarter. New York State Common Retirement Fund now owns 176,892 shares of the real estate investment trust’s stock worth $4,696,000 after purchasing an additional 11,500 shares during the last quarter. CWM LLC grew its stake in shares of Brixmor Property Group by 276.3% in the 1st quarter. CWM LLC now owns 6,239 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 4,581 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Brixmor Property Group by 142.1% in the 1st quarter. Allianz Asset Management GmbH now owns 1,533,745 shares of the real estate investment trust’s stock worth $40,721,000 after purchasing an additional 900,352 shares in the last quarter. Finally, Burney Co. lifted its stake in Brixmor Property Group by 1.6% during the first quarter. Burney Co. now owns 67,926 shares of the real estate investment trust’s stock valued at $1,803,000 after purchasing an additional 1,052 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were 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 in the company, valued at approximately $8,537,953.97. This trade represents a 7.63% decrease in their ownership of the stock. 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 Trading Up 0.7%

NYSE BRX opened at $26.14 on Wednesday. The firm’s 50 day moving average price is $27.12 and its two-hundred day moving average price is $26.45. The stock has a market cap of $8.00 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.46 and a beta of 1.31. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.19 and a current ratio of 1.19.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. The business had revenue of $340.84 million during the quarter, compared to analysts’ expectations of $335.23 million. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.Brixmor Property Group’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. Equities 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. Stockholders of record on Monday, January 5th will be given a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.7%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, January 5th. Brixmor Property Group’s payout ratio is currently 105.50%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BRX shares. LADENBURG THALM/SH SH initiated coverage on shares of Brixmor Property Group in a report on Tuesday, September 9th. They set a “buy” rating and a $32.00 target price for the company. Wells Fargo & Company assumed coverage on Brixmor Property Group in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Mizuho boosted their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Finally, Stifel Nicolaus reduced their target price on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.45.

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.