LDR Capital Management LLC Sells 27,880 Shares of Brixmor Property Group Inc. $BRX

LDR Capital Management LLC reduced its position in Brixmor Property Group Inc. (NYSE:BRX) by 31.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,771 shares of the real estate investment trust’s stock after selling 27,880 shares during the quarter. Brixmor Property Group accounts for approximately 2.5% of LDR Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. LDR Capital Management LLC’s holdings in Brixmor Property Group were worth $1,710,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BRX. Mather Group LLC. bought a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $28,000. Quent Capital LLC purchased a new position in shares of Brixmor Property Group in the third quarter worth about $35,000. EverSource Wealth Advisors LLC raised its position in Brixmor Property Group by 43.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 557 shares during the last quarter. Parallel Advisors LLC lifted its position in Brixmor Property Group by 40.2% during the second quarter. Parallel Advisors LLC now owns 2,283 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 655 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Brixmor Property Group by 26.5% in the 2nd quarter. UMB Bank n.a. now owns 3,443 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 722 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BRX shares. Wells Fargo & Company started 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 target price for the company. UBS Group boosted their target price on shares of Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. JPMorgan Chase & Co. increased their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Scotiabank reduced their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 14th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus target price of $30.30.

Brixmor Property Group Trading Up 1.4%

NYSE BRX opened at $26.44 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $8.09 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.36 and a beta of 1.09. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $28.61. The firm has a 50-day moving average price of $25.98 and a 200 day moving average price of $26.55.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The firm had revenue of $340.84 million for the quarter, compared to the consensus estimate of $335.23 million. During the same period in the previous year, the business earned $0.52 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. Equities research 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 disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, January 5th were issued a dividend of $0.3075 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.23 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, January 5th. Brixmor Property Group’s payout ratio is presently 112.84%.

Brixmor Property Group Profile

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.