Brixmor Property Group Inc. $BRX Shares Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. increased its position in Brixmor Property Group Inc. (NYSE:BRX) by 27.2% in the 2nd quarter, Holdings Channel reports. The firm owned 579,142 shares of the real estate investment trust’s stock after buying an additional 123,695 shares during the period. Westwood Holdings Group Inc.’s holdings in Brixmor Property Group were worth $15,081,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. acquired a new stake in shares of Brixmor Property Group during the first quarter worth about $270,000. Amundi raised its stake in Brixmor Property Group by 5.6% during the 1st quarter. Amundi now owns 172,145 shares of the real estate investment trust’s stock valued at $4,298,000 after acquiring an additional 9,088 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position 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. Acadian Asset Management LLC acquired a new stake in Brixmor Property Group during the 1st quarter worth approximately $1,149,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Brixmor Property Group by 5.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,314,011 shares of the real estate investment trust’s stock valued at $61,437,000 after purchasing an additional 114,069 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

BRX has been the subject of several analyst reports. Evercore ISI upped their price target on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Wells Fargo & Company began 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 target price for the company. Scotiabank dropped their price target on shares of Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 13th. JPMorgan Chase & Co. raised their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, LADENBURG THALM/SH SH assumed coverage on Brixmor Property Group in a report on Tuesday, September 9th. They issued a “buy” rating and a $32.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.20.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $25.64 on Monday. The firm’s fifty day simple moving average is $26.44 and its 200-day simple moving average is $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. The stock has a market cap of $7.85 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 2.38 and a beta of 1.10. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $29.10.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data 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 net margin of 24.70% and a return on equity of 11.22%. The firm had revenue of $340.84 million for the quarter, compared to the consensus estimate of $335.23 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue 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 expect 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 declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, January 5th will be paid a dividend of $0.3075 per share. 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. This represents a $1.23 annualized dividend and a dividend yield of 4.8%. Brixmor Property Group’s dividend payout ratio is presently 105.50%.

About Brixmor Property Group

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.