Quinn Opportunity Partners LLC Lowers Stake in Brixmor Property Group Inc. $BRX

Quinn Opportunity Partners LLC decreased its stake in Brixmor Property Group Inc. (NYSE:BRX) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,500 shares of the real estate investment trust’s stock after selling 2,500 shares during the period. Quinn Opportunity Partners LLC’s holdings in Brixmor Property Group were worth $846,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BRX. Smartleaf Asset Management LLC raised its holdings in shares of Brixmor Property Group by 53.1% during 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 during the period. Brooklyn Investment Group increased 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 purchasing an additional 953 shares during the period. SVB Wealth LLC bought a new position in shares of Brixmor Property Group during the 1st quarter valued at about $44,000. Avalon Trust Co acquired a new position in Brixmor Property Group in the first quarter worth approximately $59,000. Finally, Parallel Advisors LLC increased its position in shares of Brixmor Property Group by 40.2% in the second quarter. Parallel Advisors LLC now owns 2,283 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 655 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Stifel Nicolaus cut 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. Wells Fargo & Company assumed 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 objective on the stock. Mizuho raised their price objective on 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, Evercore ISI increased 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 report on Monday, September 15th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.58.

Insider Activity at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’s 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 of the company’s stock, valued at approximately $8,537,953.97. This trade represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

Brixmor Property Group Trading Down 1.8%

NYSE BRX opened at $26.59 on Thursday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.19 and a current ratio of 1.19. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.67. The stock’s 50 day moving average price is $27.26 and its two-hundred day moving average price is $26.42. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.56 and a beta of 1.31.

Brixmor Property Group (NYSE:BRX) last posted its quarterly 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 during 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%.Brixmor Property Group’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter 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. As a group, 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 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 $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, January 5th. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend 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.