Squarepoint Ops LLC Decreases Stock Position in Brixmor Property Group Inc. $BRX

Squarepoint Ops LLC cut its position in Brixmor Property Group Inc. (NYSE:BRX) by 33.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,060 shares of the real estate investment trust’s stock after selling 23,507 shares during the period. Squarepoint Ops LLC’s holdings in Brixmor Property Group were worth $1,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in BRX. State Street Corp boosted its stake in Brixmor Property Group by 0.5% during the 2nd quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock worth $408,813,000 after purchasing an additional 81,497 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of 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 worth $317,328,000 after buying an additional 1,115,148 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Brixmor Property Group by 10.6% in the first 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 in the last quarter. Massachusetts Financial Services Co. MA boosted its position 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 during the last quarter. Finally, Invesco Ltd. grew its stake in Brixmor Property Group by 16.3% during the 2nd quarter. Invesco Ltd. now owns 7,524,752 shares of the real estate investment trust’s stock valued at $195,945,000 after acquiring an additional 1,056,827 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Price Performance

BRX stock opened at $25.78 on Friday. The business has a fifty day moving average of $26.35 and a two-hundred day moving average of $26.49. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 2.39 and a beta of 1.10. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $28.61.

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

Brixmor Property Group Increases Dividend

The business 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 represents a $1.23 annualized dividend and a yield of 4.8%. 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. Brixmor Property Group’s payout ratio is 105.50%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a research note on Tuesday, September 9th. They issued a “buy” rating and a $32.00 target price on the stock. Evercore ISI lifted their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Scotiabank dropped their target price on Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating for the company in a report on Thursday, November 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 15th. Finally, Wells Fargo & Company began coverage on shares of Brixmor Property Group in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.20.

Brixmor Property Group Company Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.