Nissay Asset Management Corp Japan ADV Acquires 1,046 Shares of Brixmor Property Group Inc. $BRX

Nissay Asset Management Corp Japan ADV grew its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,787 shares of the real estate investment trust’s stock after acquiring an additional 1,046 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Brixmor Property Group were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Securian Asset Management Inc. grew its position in shares of 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 acquiring an additional 400 shares during the period. 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 purchasing an additional 484 shares in the last quarter. 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 purchasing an additional 498 shares in the last quarter. 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 purchasing an additional 519 shares in the last quarter. 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 purchasing an additional 521 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling

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 completion of the transaction, the insider owned 302,657 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by company insiders.

Brixmor Property Group Price Performance

BRX stock opened at $27.88 on Wednesday. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. The company has a fifty day simple moving average of $26.52 and a two-hundred day simple moving average of $25.98. The firm has a market capitalization of $8.53 billion, a P/E ratio of 25.35, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32.

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

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 annualized dividend and a yield of 4.1%. Brixmor Property Group’s dividend payout ratio (DPR) is 104.55%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BRX shares. UBS Group started 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 for the company. Scotiabank increased their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 28th. Stifel Nicolaus reduced their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, July 29th. Mizuho raised 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. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Brixmor Property Group in a research note on Tuesday. They set a “buy” rating and a $32.00 target price for the company. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.58.

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.