LDR Capital Management LLC Lowers Holdings in Brixmor Property Group Inc. $BRX

LDR Capital Management LLC decreased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 31.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,771 shares of the real estate investment trust’s stock after selling 27,880 shares during the period. Brixmor Property Group makes up about 2.5% of LDR Capital Management LLC’s holdings, 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 and other institutional investors have also bought and sold shares of the stock. Mather Group LLC. bought a new position in shares of Brixmor Property Group during the 3rd quarter valued at about $28,000. Quent Capital LLC purchased a new stake in Brixmor Property Group in the third quarter worth approximately $35,000. EverSource Wealth Advisors LLC grew its position in Brixmor Property Group by 43.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 557 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of 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 worth $59,000 after acquiring an additional 655 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Brixmor Property Group by 26.5% during the second quarter. UMB Bank n.a. now owns 3,443 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 722 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 1.4%

Shares of NYSE:BRX opened at $26.44 on Tuesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.19 and a current ratio of 1.19. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $28.61. The stock has a 50 day moving average price of $25.98 and a 200-day moving average price of $26.55. The firm 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 (NYSE:BRX) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.56. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The company had revenue of $340.84 million for the quarter, compared to the consensus estimate of $335.23 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Brixmor Property Group’s revenue was up 6.3% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. As a group, equities research analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, January 5th were paid a $0.3075 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.23 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, January 5th. Brixmor Property Group’s payout ratio is currently 112.84%.

Analyst Ratings Changes

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

Brixmor Property Group Company 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.