Wolverine Asset Management LLC Buys 23,037 Shares of Brixmor Property Group Inc. $BRX

Wolverine Asset Management LLC lifted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 63.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,213 shares of the real estate investment trust’s stock after purchasing an additional 23,037 shares during the quarter. Wolverine Asset Management LLC’s holdings in Brixmor Property Group were worth $1,639,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of Brixmor Property Group by 0.5% in the second quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock worth $408,813,000 after buying an additional 81,497 shares in the last quarter. Franklin Resources Inc. lifted its stake in Brixmor Property Group by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 12,186,177 shares of the real estate investment trust’s stock worth $317,328,000 after purchasing an additional 1,115,148 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Brixmor Property Group by 3.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock valued at $214,040,000 after purchasing an additional 272,616 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Brixmor Property Group by 16.3% in the second quarter. Invesco Ltd. now owns 7,524,752 shares of the real estate investment trust’s stock worth $195,945,000 after purchasing an additional 1,056,827 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Brixmor Property Group by 0.9% in the second quarter. Geode Capital Management LLC now owns 6,021,693 shares of the real estate investment trust’s stock worth $156,829,000 after buying an additional 52,389 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $26.66 on Friday. 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 cap of $8.16 billion, a PE ratio of 24.46, a PEG ratio of 2.31 and a beta of 1.09. The company’s fifty day moving average is $25.98 and its 200 day moving average is $26.54. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $28.61.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data 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 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 analysts’ expectations of $335.23 million. During the same period last year, the firm 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. Research analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared 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. The ex-dividend date was Monday, January 5th. This represents a $1.23 dividend on an annualized basis and a yield of 4.6%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is currently 112.84%.

Analysts Set New Price Targets

Several research firms recently commented on BRX. Scotiabank reduced their target price on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. JPMorgan Chase & Co. raised their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. UBS Group boosted their price target on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Finally, Wells Fargo & Company initiated coverage on shares of Brixmor Property Group in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average price target of $30.30.

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.