GAMMA Investing LLC Boosts Stake in Brixmor Property Group Inc. $BRX

GAMMA Investing LLC raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 28.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,518 shares of the real estate investment trust’s stock after buying an additional 1,463 shares during the period. GAMMA Investing LLC’s holdings in Brixmor Property Group were worth $170,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transcend Capital Advisors LLC purchased a new stake in Brixmor Property Group in the 1st quarter valued at about $356,000. Principal Financial Group Inc. boosted its holdings in Brixmor Property Group by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 703,559 shares of the real estate investment trust’s stock worth $18,679,000 after buying an additional 11,040 shares during the period. Fifth Third Bancorp boosted its holdings in Brixmor Property Group by 54.6% in the 1st quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 1,628 shares during the period. American Century Companies Inc. bought a new position in Brixmor Property Group in the 1st quarter worth approximately $270,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Brixmor Property Group by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,622 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 861 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. Mizuho raised their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. Scotiabank raised their price target on shares of Brixmor Property Group from $30.00 to $31.00 and gave the company a “sector outperform” rating in a report on Monday, September 15th. Evercore ISI raised their price target on shares of Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, Stifel Nicolaus cut their price target on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average price target of $30.75.

Brixmor Property Group Price Performance

BRX stock opened at $27.42 on Tuesday. The firm’s 50-day moving average price is $27.07 and its two-hundred day moving average price is $26.05. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.67. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 24.92, a PEG ratio of 2.60 and a beta of 1.32. 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 released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $339.40 million for the quarter, compared to analysts’ expectations of $332.59 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share 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 4.2%. Brixmor Property Group’s payout ratio is presently 104.55%.

Insider Activity

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.75% of the company’s stock.

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.