JPMorgan Chase & Co. Reduces Stock Position in Brixmor Property Group Inc. $BRX

JPMorgan Chase & Co. lessened its position in Brixmor Property Group Inc. (NYSE:BRX) by 11.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,707,249 shares of the real estate investment trust’s stock after selling 503,121 shares during the period. JPMorgan Chase & Co. owned 1.21% of Brixmor Property Group worth $96,538,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its holdings in shares of Brixmor Property Group by 10.6% during 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 purchasing an additional 824,404 shares during the period. Massachusetts Financial Services Co. MA raised its position in Brixmor Property Group by 3.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock valued at $214,040,000 after purchasing an additional 272,616 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in 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 period. Invesco Ltd. grew its position in shares of Brixmor Property Group by 12.5% in the 1st quarter. Invesco Ltd. now owns 6,467,925 shares of the real estate investment trust’s stock worth $171,723,000 after buying an additional 719,433 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Brixmor Property Group by 0.9% during the second quarter. Geode Capital Management LLC now owns 6,021,693 shares of the real estate investment trust’s stock valued at $156,829,000 after buying an additional 52,389 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Insiders Place Their Bets

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction on Friday, September 5th. The stock was sold at an average price of $28.21, for a total transaction of $705,250.00. Following the completion of the transaction, the insider owned 302,657 shares in the company, valued at approximately $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.75% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Mizuho raised their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Wednesday, October 8th. Wells Fargo & Company began coverage on shares of Brixmor Property Group in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price target for the company. Finally, Scotiabank cut 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 report on Thursday, November 13th. 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 presently has an average rating of “Moderate Buy” and a consensus target price of $30.45.

Brixmor Property Group Stock Up 0.2%

Shares of Brixmor Property Group stock opened at $26.14 on Friday. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.67. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.43 and a beta of 1.31. The company has a 50-day moving average of $26.86 and a 200 day moving average of $26.48. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 1.19.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.56 EPS for the quarter, hitting 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 net margin of 24.70% and a return on equity of 11.22%. Brixmor Property Group’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, January 5th will be paid a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Monday, January 5th. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is currently 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.