LDR Capital Management LLC Sells 3,761 Shares of Brixmor Property Group Inc. $BRX

LDR Capital Management LLC reduced its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,651 shares of the real estate investment trust’s stock after selling 3,761 shares during the period. Brixmor Property Group makes up about 3.0% of LDR Capital Management LLC’s investment portfolio, making the stock its 13th largest position. LDR Capital Management LLC’s holdings in Brixmor Property Group were worth $2,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in Brixmor Property Group by 2,556.6% in the 1st quarter. GAMMA Investing LLC now owns 134,210 shares of the real estate investment trust’s stock valued at $3,563,000 after purchasing an additional 129,158 shares during the period. UMB Bank n.a. raised its stake in shares of Brixmor Property Group by 66.3% in the first quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 1,085 shares in the last quarter. Vert Asset Management LLC increased its holdings in Brixmor Property Group by 6.8% in the 1st quarter. Vert Asset Management LLC now owns 141,157 shares of the real estate investment trust’s stock valued at $3,748,000 after buying an additional 8,998 shares during the period. Northstar Advisory Group LLC lifted its holdings in shares of Brixmor Property Group by 16.1% during the 1st quarter. Northstar Advisory Group LLC now owns 78,456 shares of the real estate investment trust’s stock worth $2,083,000 after acquiring an additional 10,908 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in Brixmor Property Group by 4.2% in the first quarter. Handelsbanken Fonder AB now owns 93,300 shares of the real estate investment trust’s stock valued at $2,477,000 after acquiring an additional 3,800 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BRX. Evercore ISI lifted their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a report on Saturday, September 27th. Wells Fargo & Company upped their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 27th. Stifel Nicolaus reduced their price target on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a research report on Tuesday, July 29th. Finally, Mizuho lifted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, August 20th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

Insider Activity

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $28.21, for a total value of $705,250.00. Following the transaction, the insider owned 302,657 shares in the company, valued at $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.75% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of BRX opened at $26.92 on Monday. The firm has a fifty day simple moving average of $27.18 and a 200 day simple moving average of $26.09. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.67. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 24.47, a PEG ratio of 2.55 and a beta of 1.33.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping 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 company had revenue of $339.40 million for the quarter, compared to analyst estimates of $332.59 million. During the same period in the previous year, the business earned $0.54 EPS. Brixmor Property Group’s revenue for the quarter 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. Research analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group’s dividend payout ratio is presently 104.55%.

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.