Acadian Asset Management LLC Invests $1.15 Million in Brixmor Property Group Inc. $BRX

Acadian Asset Management LLC purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the first quarter, according to its most recent filing with the SEC. The fund purchased 43,291 shares of the real estate investment trust’s stock, valued at approximately $1,149,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Brixmor Property Group by 5.2% in the first 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 worth $61,437,000 after buying an additional 114,069 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in shares of Brixmor Property Group by 8.8% during the 1st quarter. Great Lakes Advisors LLC now owns 156,424 shares of the real estate investment trust’s stock worth $4,153,000 after acquiring an additional 12,608 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Brixmor Property Group during the 1st quarter worth approximately $507,000. Goldman Sachs Group Inc. boosted its position in shares of Brixmor Property Group by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock valued at $45,231,000 after acquiring an additional 89,827 shares during the last quarter. Finally, Presima Securities ULC grew its holdings in shares of Brixmor Property Group by 9.1% in the first quarter. Presima Securities ULC now owns 1,519,123 shares of the real estate investment trust’s stock valued at $40,333,000 after purchasing an additional 126,855 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

BRX has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 27th. Evercore ISI raised their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday. Stifel Nicolaus decreased their price target 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. Mizuho lifted their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Finally, LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a research note on Tuesday, September 9th. They issued a “buy” rating and a $32.00 target price on the stock. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.75.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the 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 sale, the insider directly owned 302,657 shares of the company’s stock, valued at $8,537,953.97. This represents a 7.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.75% of the stock is currently owned by insiders.

Brixmor Property Group Stock Down 0.4%

Shares of BRX stock opened at $27.78 on Thursday. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67. The stock has a market cap of $8.50 billion, a P/E ratio of 25.25, a P/E/G ratio of 2.64 and a beta of 1.32. The stock has a 50 day moving average of $26.78 and a 200 day moving average of $26.01. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The business had revenue of $339.40 million for the quarter, compared to analysts’ expectations of $332.59 million. During the same quarter last year, the company earned $0.54 EPS. The business’s 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, sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be given a $0.2875 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.1%. Brixmor Property Group’s dividend 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.