IFM Investors Pty Ltd Sells 11,307 Shares of Brixmor Property Group Inc. $BRX

IFM Investors Pty Ltd lowered its stake in Brixmor Property Group Inc. (NYSE:BRX) by 18.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,328 shares of the real estate investment trust’s stock after selling 11,307 shares during the quarter. IFM Investors Pty Ltd’s holdings in Brixmor Property Group were worth $1,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Brixmor Property Group by 31.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,815 shares of the real estate investment trust’s stock valued at $333,000 after acquiring an additional 3,055 shares during the last quarter. Jackson Square Capital LLC boosted its position in shares of Brixmor Property Group by 9.9% during the 2nd quarter. Jackson Square Capital LLC now owns 36,604 shares of the real estate investment trust’s stock valued at $953,000 after acquiring an additional 3,293 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Brixmor Property Group by 40.2% during the 2nd quarter. Parallel Advisors LLC now owns 2,283 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 655 shares during the last quarter. Peak Financial Advisors LLC bought a new stake in shares of Brixmor Property Group during the 2nd quarter valued at about $489,000. Finally, Voya Investment Management LLC boosted its position in shares of Brixmor Property Group by 17.5% during the 1st quarter. Voya Investment Management LLC now owns 710,830 shares of the real estate investment trust’s stock valued at $18,873,000 after acquiring an additional 105,705 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

BRX opened at $27.39 on Tuesday. 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 52-week low of $22.28 and a 52-week high of $30.67. The stock has a market capitalization of $8.38 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 2.62 and a beta of 1.32. The stock’s 50 day moving average price is $26.89 and its 200-day moving average price is $26.00.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $339.40 million for the quarter, compared to analysts’ expectations of $332.59 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be paid 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 dividend yield of 4.2%. Brixmor Property Group’s payout ratio is 104.55%.

Insider Activity

In related 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 sale, the insider directly owned 302,657 shares in the company, 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 document filed with the SEC, which is available through this hyperlink. Company insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. UBS Group assumed coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a “buy” rating and a $29.00 price target for the company. 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 target price on the stock. Stifel Nicolaus reduced their target price on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, July 29th. Wells Fargo & Company increased their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 27th. Finally, 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. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus price target of $30.75.

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.