Sumitomo Mitsui Trust Group Inc. Raises Stock Position in Brixmor Property Group Inc. $BRX

Sumitomo Mitsui Trust Group Inc. increased its stake in Brixmor Property Group Inc. (NYSE:BRX) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 338,513 shares of the real estate investment trust’s stock after acquiring an additional 5,131 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.11% of Brixmor Property Group worth $8,815,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BRX. Wealth Enhancement Advisory Services LLC increased its holdings in Brixmor Property Group by 18.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,760 shares of the real estate investment trust’s stock worth $259,000 after acquiring an additional 1,540 shares in the last quarter. Janney Montgomery Scott LLC increased 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 acquiring an additional 861 shares in the last quarter. KBC Group NV increased its holdings in Brixmor Property Group by 15.6% in the 1st quarter. KBC Group NV now owns 12,551 shares of the real estate investment trust’s stock worth $333,000 after acquiring an additional 1,692 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Brixmor Property Group by 7.8% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 79,252 shares of the real estate investment trust’s stock worth $2,104,000 after acquiring an additional 5,762 shares in the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in Brixmor Property Group by 68.8% in the 1st quarter. Summit Trail Advisors LLC now owns 12,198 shares of the real estate investment trust’s stock worth $324,000 after acquiring an additional 4,971 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Down 0.7%

Shares of BRX opened at $26.81 on Thursday. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $30.67. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. The firm’s fifty day moving average is $27.53 and its two-hundred day moving average is $26.35. The stock has a market cap of $8.21 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.55 and a beta of 1.33.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. The firm had revenue of $340.84 million for the quarter, compared to analysts’ expectations of $335.23 million. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The company’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. Research analysts forecast 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 given a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, January 5th. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is presently 104.55%.

Wall Street Analyst Weigh In

BRX has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a report on Wednesday, October 8th. Wells Fargo & Company started coverage on shares of Brixmor Property Group in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 target price on the stock. Evercore ISI lifted their target price on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Mizuho lifted their target price 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, JPMorgan Chase & Co. lifted their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.69.

Insider Buying and Selling at Brixmor Property Group

In other 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 transaction of $705,250.00. Following the transaction, the insider owned 302,657 shares of the company’s stock, valued at approximately $8,537,953.97. The trade was a 7.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.