Great Lakes Advisors LLC Purchases 12,608 Shares of Brixmor Property Group Inc. $BRX

Great Lakes Advisors LLC increased its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 8.8% in the 1st quarter, HoldingsChannel reports. The fund owned 156,424 shares of the real estate investment trust’s stock after acquiring an additional 12,608 shares during the period. Great Lakes Advisors LLC’s holdings in Brixmor Property Group were worth $4,153,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BRX. Securian Asset Management Inc. increased its stake in Brixmor Property Group by 1.8% during the 1st quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust’s stock valued at $617,000 after purchasing an additional 400 shares in the last quarter. US Bancorp DE increased its stake in shares of Brixmor Property Group by 6.0% in the first quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 484 shares during the period. Smartleaf Asset Management LLC increased 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 acquiring an additional 498 shares during the period. Natixis Advisors LLC increased its stake in shares of Brixmor Property Group by 0.4% in the first quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust’s stock worth $3,550,000 after acquiring an additional 519 shares during the period. Finally, Ascent Group LLC increased its stake in shares of Brixmor Property Group by 6.0% in the fourth quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust’s stock worth $255,000 after acquiring an additional 521 shares during the period. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $27.88 on Wednesday. The company’s fifty day moving average price is $26.52 and its 200 day moving average price is $25.98. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.67. The company has a market capitalization of $8.53 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.01. The business had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 104.55%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group assumed coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They issued a “buy” rating and a $29.00 price objective on the stock. Mizuho increased their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a report on Tuesday. They set a “buy” rating and a $32.00 price target on the stock. Wells Fargo & Company increased their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. Finally, Stifel Nicolaus lowered their price target on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.58.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction 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 transaction, the insider directly owned 302,657 shares of the company’s stock, valued at $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 SEC, which is accessible through this hyperlink. 0.75% of the stock is currently owned by insiders.

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.