Louisiana State Employees Retirement System Raises Position in Brixmor Property Group Inc. $BRX

Louisiana State Employees Retirement System grew its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,100 shares of the real estate investment trust’s stock after purchasing an additional 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Brixmor Property Group were worth $2,242,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BRX. UMB Bank n.a. lifted its stake in Brixmor Property Group by 66.3% in the 1st quarter. UMB Bank n.a. now owns 2,721 shares of the real estate investment trust’s stock worth $72,000 after purchasing an additional 1,085 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Brixmor Property Group by 4.2% in the 1st quarter. Handelsbanken Fonder AB now owns 93,300 shares of the real estate investment trust’s stock worth $2,477,000 after purchasing an additional 3,800 shares in the last quarter. Fifth Third Bancorp lifted its stake in Brixmor Property Group by 54.6% in the 1st quarter. Fifth Third Bancorp now owns 4,609 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 1,628 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Brixmor Property Group by 18.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,760 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 1,540 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in Brixmor Property Group by 10,403.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 29,620 shares of the real estate investment trust’s stock worth $786,000 after purchasing an additional 29,338 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BRX. Wells Fargo & Company raised their price target 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. Evercore ISI raised their price target on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a report on Wednesday. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price target for the company. Finally, Stifel Nicolaus cut their price target on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a report on Tuesday, July 29th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

Brixmor Property Group Stock Down 1.8%

Brixmor Property Group stock opened at $26.54 on Friday. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $30.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a 50 day moving average price of $27.26 and a 200 day moving average price of $26.12. The company has a market capitalization of $8.12 billion, a PE ratio of 24.13, a price-to-earnings-growth ratio of 2.56 and a beta of 1.33.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share 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 firm had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. During the same quarter last year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Research analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.3%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 104.55%.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction that occurred on Friday, September 5th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

About Brixmor Property Group

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.