VIRGINIA RETIREMENT SYSTEMS ET Al Takes $2.21 Million Position in Brixmor Property Group Inc. $BRX

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 84,881 shares of the real estate investment trust’s stock, valued at approximately $2,210,000.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in 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 worth $37,000 after acquiring an additional 498 shares during the last quarter. Brooklyn Investment Group grew its holdings in 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 worth $43,000 after acquiring an additional 953 shares during the last quarter. SVB Wealth LLC bought a new stake in Brixmor Property Group during the 1st quarter worth approximately $44,000. Blue Trust Inc. grew its holdings in Brixmor Property Group by 54.4% during the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 709 shares during the last quarter. Finally, Avalon Trust Co bought a new stake in Brixmor Property Group during the 1st quarter worth approximately $59,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $27.66 on Wednesday. The stock’s 50 day moving average is $27.41 and its 200 day moving average is $26.18. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $8.47 billion, a P/E ratio of 25.15, a P/E/G ratio of 2.59 and a beta of 1.33. Brixmor Property Group Inc. has a one year low of $22.28 and a one year high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. The company had revenue of $339.40 million for the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd were paid a $0.2875 dividend. The ex-dividend date of this dividend was Thursday, October 2nd. This represents a $1.15 annualized dividend and a yield of 4.2%. Brixmor Property Group’s payout ratio is 104.55%.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 302,657 shares of the company’s stock, valued at $8,537,953.97. This trade represents a 7.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a report on Wednesday, October 8th. LADENBURG THALM/SH SH started coverage on Brixmor Property Group in a research note on Tuesday, September 9th. They issued a “buy” rating and a $32.00 price objective on the stock. Mizuho lifted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 20th. Wells Fargo & Company started coverage on Brixmor Property Group in a research note on Tuesday. They issued an “equal weight” rating and a $28.00 price objective on the stock. Finally, Scotiabank lifted their price objective on Brixmor Property Group from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday, September 15th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus target price of $30.75.

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.