Ceredex Value Advisors LLC Has $11.61 Million Position in Brixmor Property Group Inc. $BRX

Ceredex Value Advisors LLC cut its stake in Brixmor Property Group Inc. (NYSE:BRX) by 25.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 445,950 shares of the real estate investment trust’s stock after selling 151,250 shares during the quarter. Ceredex Value Advisors LLC owned 0.15% of Brixmor Property Group worth $11,613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BRX. Franklin Resources Inc. increased its stake in Brixmor Property Group by 10.1% in the second quarter. Franklin Resources Inc. now owns 12,186,177 shares of the real estate investment trust’s stock valued at $317,328,000 after purchasing an additional 1,115,148 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Brixmor Property Group by 10.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 8,616,420 shares of the real estate investment trust’s stock worth $228,766,000 after buying an additional 824,404 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Brixmor Property Group by 3.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock worth $214,040,000 after acquiring an additional 272,616 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Brixmor Property Group by 28.2% in the first quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust’s stock valued at $185,615,000 after acquiring an additional 1,537,737 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Brixmor Property Group by 12.5% in the first quarter. Invesco Ltd. now owns 6,467,925 shares of the real estate investment trust’s stock worth $171,723,000 after acquiring an additional 719,433 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the transaction, the insider directly owned 302,657 shares in the company, valued at $8,537,953.97. This represents a 7.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $26.14 on Friday. The stock has a market cap of $8.00 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.31. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.52. The firm has a fifty day moving average price of $26.83 and a 200-day moving average price of $26.48. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 1.19.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The company had revenue of $340.84 million for the quarter, compared to analysts’ expectations of $335.23 million. During the same quarter in the previous year, the company earned $0.52 EPS. Brixmor Property Group’s revenue for the quarter was up 6.3% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, January 5th will be paid a dividend of $0.3075 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.23 annualized dividend and a yield of 4.7%. Brixmor Property Group’s dividend payout ratio is 105.50%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company started coverage on Brixmor Property Group in a report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price objective on the stock. Evercore ISI upped 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. JPMorgan Chase & Co. increased their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Scotiabank reduced their target price on shares of Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating for the company in a research note on Thursday, November 13th. Finally, LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a research note on Tuesday, September 9th. They issued a “buy” rating and a $32.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus target price of $30.45.

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.