Nisa Investment Advisors LLC Lowers Stock Position in Brixmor Property Group Inc. $BRX

Nisa Investment Advisors LLC reduced its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 32.2% during the second quarter, Holdings Channel reports. The institutional investor owned 54,511 shares of the real estate investment trust’s stock after selling 25,839 shares during the period. Nisa Investment Advisors LLC’s holdings in Brixmor Property Group were worth $1,419,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Brixmor Property Group by 53.1% during 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 buying an additional 498 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Brixmor Property Group by 146.4% during the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 953 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Brixmor Property Group during the 1st quarter valued at about $44,000. Avalon Trust Co purchased a new position in shares of Brixmor Property Group during the 1st quarter valued at about $59,000. Finally, Parallel Advisors LLC lifted its position in shares of Brixmor Property Group by 40.2% during the 2nd quarter. Parallel Advisors LLC now owns 2,283 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 655 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Brixmor Property Group

In other 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 value of $705,250.00. Following the sale, the insider owned 302,657 shares of the company’s stock, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their ownership of the stock. The sale 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.

Analysts Set New Price Targets

A number of research analysts recently commented on BRX shares. JPMorgan Chase & Co. boosted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a report on Wednesday, October 8th. Stifel Nicolaus dropped their target price on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a research report on Tuesday, July 29th. Mizuho upped 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. Finally, Wells Fargo & Company initiated 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 target price for the company. Twelve analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.69.

Brixmor Property Group Stock Down 0.1%

Shares of BRX opened at $26.18 on Friday. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.33. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.67. The business’s 50 day simple moving average is $27.48 and its 200-day simple moving average is $26.36. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 0.74.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. The business had revenue of $340.84 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. As a group, equities analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, January 5th will be paid a $0.3075 dividend. 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 4.7%. The ex-dividend date of this dividend is Monday, January 5th. Brixmor Property Group’s payout ratio is currently 105.50%.

Brixmor Property Group 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.