Arrowstreet Capital Limited Partnership Decreases Stake in Brixmor Property Group Inc. $BRX

Arrowstreet Capital Limited Partnership lowered its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,014,887 shares of the real estate investment trust’s stock after selling 168,278 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.66% of Brixmor Property Group worth $52,468,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new stake in Brixmor Property Group during the second quarter worth $101,506,000. Prudential Financial Inc. increased its position in shares of Brixmor Property Group by 160.7% during the 2nd quarter. Prudential Financial Inc. now owns 2,924,404 shares of the real estate investment trust’s stock valued at $76,151,000 after purchasing an additional 1,802,813 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Brixmor Property Group by 60.6% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,217,092 shares of the real estate investment trust’s stock worth $109,813,000 after purchasing an additional 1,590,940 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Brixmor Property Group by 28.2% in the 1st quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust’s stock worth $185,615,000 after buying an additional 1,537,737 shares during the last quarter. Finally, Strs Ohio bought a new position in Brixmor Property Group during the first quarter valued at about $31,061,000. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Price Performance

BRX stock opened at $25.25 on Friday. The firm has a 50 day moving average of $26.68 and a 200-day moving average of $26.46. The firm has a market capitalization of $7.73 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $29.99. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, hitting 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 business had revenue of $340.84 million for the quarter, compared to analyst estimates of $335.23 million. During the same quarter in the prior year, the firm posted $0.52 EPS. Brixmor Property Group’s revenue 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. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, January 5th will be given a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, January 5th. Brixmor Property Group’s dividend payout ratio (DPR) is 105.50%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BRX. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a report on Wednesday, October 8th. LADENBURG THALM/SH SH initiated coverage on shares of Brixmor Property Group in a research note on Tuesday, September 9th. They set a “buy” rating and a $32.00 price target for the company. Scotiabank dropped their price objective on Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 13th. Wells Fargo & Company began coverage on Brixmor Property Group in a report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and a consensus price target 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.