Cetera Investment Advisers Buys 11,012 Shares of Brixmor Property Group Inc. $BRX

Cetera Investment Advisers grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 19.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,248 shares of the real estate investment trust’s stock after purchasing an additional 11,012 shares during the quarter. Cetera Investment Advisers’ holdings in Brixmor Property Group were worth $1,725,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its position in Brixmor Property Group by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 86,100 shares of the real estate investment trust’s stock valued at $2,242,000 after buying an additional 400 shares during the period. State of Michigan Retirement System raised its stake in shares of Brixmor Property Group by 0.5% during the second quarter. State of Michigan Retirement System now owns 73,607 shares of the real estate investment trust’s stock valued at $1,917,000 after acquiring an additional 400 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Brixmor Property Group by 4.7% during the second quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 451 shares during the period. US Bancorp DE boosted its holdings in shares of Brixmor Property Group by 6.0% during the first quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 484 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Brixmor Property Group by 53.1% in the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 498 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Brixmor Property Group

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

Brixmor Property Group Price Performance

BRX opened at $26.14 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.85. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 2.43 and a beta of 1.10. The stock has a fifty day simple moving average of $26.83 and a two-hundred day simple moving average of $26.49. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.52.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates 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 quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. Research analysts predict 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. Shareholders of record on Monday, January 5th will be paid a dividend of $0.3075 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Monday, January 5th. Brixmor Property Group’s payout ratio is 105.50%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Mizuho increased their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. JPMorgan Chase & Co. raised their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Evercore ISI lifted 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. LADENBURG THALM/SH SH started coverage on shares of Brixmor Property Group in a report on Tuesday, September 9th. They issued a “buy” rating and a $32.00 price objective for the company. Finally, Scotiabank dropped 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 report on Thursday, November 13th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.45.

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.