Amundi Grows Position in Brixmor Property Group Inc. $BRX

Amundi lifted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 5.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 172,145 shares of the real estate investment trust’s stock after purchasing an additional 9,088 shares during the quarter. Amundi owned about 0.06% of Brixmor Property Group worth $4,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of Brixmor Property Group by 53.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 498 shares during the period. Brooklyn Investment Group grew its holdings in shares of Brixmor Property Group by 146.4% during 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 period. SVB Wealth LLC purchased a new position in shares of Brixmor Property Group during the 1st quarter worth $44,000. Blue Trust Inc. boosted its holdings in 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 valued at $53,000 after acquiring an additional 709 shares during the period. Finally, Avalon Trust Co purchased a new position in Brixmor Property Group during the 1st quarter valued at about $59,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group 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 transaction, the insider owned 302,657 shares of the company’s stock, valued at $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.75% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of research analyst reports. Mizuho raised their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. UBS Group initiated coverage on Brixmor Property Group in a report on Friday, May 30th. They set a “buy” rating and a $29.00 target price for the company. Wells Fargo & Company raised their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Wednesday, August 27th. Scotiabank lifted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the company a “sector outperform” rating in a research note on Thursday, August 28th. Finally, Stifel Nicolaus decreased their price objective on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.58.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $27.82 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.67. The firm has a market capitalization of $8.51 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 2.64 and a beta of 1.32. The stock’s 50-day simple moving average is $26.56 and its 200-day simple moving average is $25.99.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The business had revenue of $339.40 million for the quarter, compared to analyst estimates of $332.59 million. During the same quarter last year, the company earned $0.54 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 annualized dividend and a yield of 4.1%. Brixmor Property Group’s payout ratio is 104.55%.

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.