Vert Asset Management LLC Sells 8,021 Shares of Brixmor Property Group Inc. $BRX

Vert Asset Management LLC lowered its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 5.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 133,136 shares of the real estate investment trust’s stock after selling 8,021 shares during the period. Brixmor Property Group makes up approximately 1.3% of Vert Asset Management LLC’s holdings, making the stock its 23rd biggest position. Vert Asset Management LLC’s holdings in Brixmor Property Group were worth $3,467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its stake in Brixmor Property Group by 4.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock valued at $262,000 after acquiring an additional 451 shares during the period. State of Alaska Department of Revenue lifted its stake in Brixmor Property Group by 0.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 183,451 shares of the real estate investment trust’s stock valued at $4,776,000 after acquiring an additional 1,228 shares during the period. Perigon Wealth Management LLC lifted its stake in Brixmor Property Group by 12.8% during the 2nd quarter. Perigon Wealth Management LLC now owns 38,700 shares of the real estate investment trust’s stock valued at $1,008,000 after acquiring an additional 4,399 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Brixmor Property Group by 1.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 537,634 shares of the real estate investment trust’s stock valued at $14,000,000 after acquiring an additional 8,384 shares during the period. Finally, tru Independence LLC lifted its stake in Brixmor Property Group by 0.7% during the 2nd quarter. tru Independence LLC now owns 126,560 shares of the real estate investment trust’s stock valued at $3,296,000 after acquiring an additional 916 shares during the period. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

BRX has been the topic of several research analyst reports. 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 target price on the stock. Mizuho upped their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Wells Fargo & Company upped their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 27th. Scotiabank upped their price target on shares of Brixmor Property Group from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research report on Monday, September 15th. Finally, 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 research report on Monday, September 15th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus price target of $30.75.

Insider Transactions at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the sale, the insider directly owned 302,657 shares of the company’s stock, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.75% of the company’s stock.

Brixmor Property Group Trading Down 1.0%

Brixmor Property Group stock opened at $27.40 on Thursday. The firm has a 50 day moving average of $27.13 and a 200 day moving average of $26.07. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 2.62 and a beta of 1.33. Brixmor Property Group Inc. has a 12-month low of $22.28 and a 12-month high of $30.67. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $339.40 million during the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, research analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group’s dividend payout ratio is currently 104.55%.

Brixmor Property Group Company 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.