Ensign Peak Advisors Inc Reduces Position in Brixmor Property Group Inc. $BRX

Ensign Peak Advisors Inc trimmed its stake in Brixmor Property Group Inc. (NYSE:BRX) by 14.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,562 shares of the real estate investment trust’s stock after selling 20,576 shares during the period. Ensign Peak Advisors Inc’s holdings in Brixmor Property Group were worth $3,165,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BRX. American Century Companies Inc. purchased a new stake in Brixmor Property Group in the first quarter worth about $270,000. LPL Financial LLC grew its stake in shares of Brixmor Property Group by 81.6% during the 1st quarter. LPL Financial LLC now owns 133,785 shares of the real estate investment trust’s stock valued at $3,552,000 after acquiring an additional 60,112 shares during the period. Amundi increased its holdings in Brixmor Property Group by 5.6% in the 1st quarter. Amundi now owns 172,145 shares of the real estate investment trust’s stock worth $4,298,000 after acquiring an additional 9,088 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Brixmor Property Group by 36.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,875 shares of the real estate investment trust’s stock worth $1,090,000 after acquiring an additional 11,096 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new position in Brixmor Property Group during the first quarter valued at approximately $34,702,000. 98.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the sale, the insider owned 302,657 shares in the company, valued at approximately $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Scotiabank decreased their price objective on shares of Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 13th. JPMorgan Chase & Co. increased their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Wells Fargo & Company initiated coverage on Brixmor Property Group in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price objective on the stock. 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 objective for the company. Finally, Mizuho lifted their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus target price of $30.45.

Brixmor Property Group Stock Up 0.2%

BRX opened at $26.09 on Wednesday. The company has a market capitalization of $7.98 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.42 and a beta of 1.31. The firm has a 50-day simple moving average of $26.93 and a two-hundred day simple moving average of $26.48. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its 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 company had revenue of $340.84 million for the quarter, compared to the consensus estimate of $335.23 million. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’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. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, January 5th will be given a dividend of $0.3075 per share. The ex-dividend date is Monday, January 5th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.7%. 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, 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.