Russell Investments Group Ltd. Has $72.91 Million Holdings in Brixmor Property Group Inc. $BRX

Russell Investments Group Ltd. lifted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,799,726 shares of the real estate investment trust’s stock after acquiring an additional 36,325 shares during the quarter. Russell Investments Group Ltd. owned about 0.91% of Brixmor Property Group worth $72,905,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in Brixmor Property Group by 53.1% in the 1st 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 last quarter. Brooklyn Investment Group grew its holdings in Brixmor Property Group by 146.4% during the first 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 last quarter. SVB Wealth LLC acquired a new position in Brixmor Property Group during the first quarter valued at approximately $44,000. Avalon Trust Co bought a new position in shares of Brixmor Property Group in the first quarter valued at approximately $59,000. Finally, Parallel Advisors LLC lifted its stake 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 buying an additional 655 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BRX shares. Mizuho upped their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, August 20th. Evercore ISI boosted their target price 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research report on Wednesday, October 8th. Scotiabank dropped 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 note on Thursday, November 13th. Finally, LADENBURG THALM/SH SH initiated coverage on Brixmor Property Group in a research report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price objective for the company. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.45.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock opened at $26.14 on Thursday. 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 Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.67. The firm has a fifty day moving average price of $26.90 and a two-hundred day moving average price of $26.48. The company has a market cap of $8.00 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 2.42 and a beta of 1.31.

Brixmor Property Group (NYSE:BRX) last posted 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 company had revenue of $340.84 million for the quarter, compared to the consensus estimate of $335.23 million. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. Analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, January 5th will be issued a $0.3075 dividend. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.23 annualized dividend and a yield of 4.7%. Brixmor Property Group’s payout ratio is currently 105.50%.

Insider Buying and Selling

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

Brixmor Property Group Company 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.