Hudson Bay Capital Management LP Acquires 1,393,811 Shares of Brixmor Property Group Inc. $BRX

Hudson Bay Capital Management LP boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 163.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,245,273 shares of the real estate investment trust’s stock after purchasing an additional 1,393,811 shares during the quarter. Hudson Bay Capital Management LP owned about 0.73% of Brixmor Property Group worth $58,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BRX. Louisiana State Employees Retirement System raised its position in shares of 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 in the last quarter. State of Michigan Retirement System increased its stake in 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 worth $1,917,000 after acquiring an additional 400 shares during the last quarter. Janney Montgomery Scott LLC raised its position in 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 valued at $262,000 after purchasing an additional 451 shares during the period. US Bancorp DE lifted its stake in shares of Brixmor Property Group by 6.0% in the 1st quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 484 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Brixmor Property Group by 53.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $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.

Analyst Ratings Changes

Several analysts recently weighed in on BRX shares. Mizuho increased their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, August 20th. 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 objective on the stock. JPMorgan Chase & Co. raised their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a report 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 stock an “outperform” rating in a research note on Monday, September 15th. Finally, LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Brixmor Property Group presently has an average rating of “Moderate Buy” and an average target price of $30.20.

Brixmor Property Group Trading Up 0.2%

NYSE BRX opened at $25.64 on Friday. The stock has a market cap of $7.85 billion, a PE ratio of 23.52, a PEG ratio of 2.38 and a beta of 1.10. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $29.10. The company’s 50-day moving average price is $26.44 and its 200-day moving average price is $26.47. 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 issued its earnings results on Monday, October 27th. The real estate investment trust reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates 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 net margin of 24.70% and a return on equity of 11.22%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. Equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, January 5th will be paid a dividend of $0.3075 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.23 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, January 5th. Brixmor Property Group’s payout ratio is 105.50%.

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.