Intech Investment Management LLC Has $1.44 Million Stock Holdings in Brixmor Property Group Inc. $BRX

Intech Investment Management LLC trimmed its position in Brixmor Property Group Inc. (NYSE:BRX) by 32.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,011 shares of the real estate investment trust’s stock after selling 26,388 shares during the period. Intech Investment Management LLC’s holdings in Brixmor Property Group were worth $1,442,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Royal Bank of Canada increased its stake in Brixmor Property Group by 39.9% during the 1st quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock worth $5,405,000 after purchasing an additional 58,058 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Brixmor Property Group by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock worth $45,231,000 after purchasing an additional 89,827 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake 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 purchasing an additional 557 shares in the last quarter. Marshall Wace LLP bought a new stake in Brixmor Property Group during the 2nd quarter worth approximately $6,048,000. Finally, Gamco Investors INC. ET AL bought a new stake in Brixmor Property Group during the 2nd quarter worth approximately $435,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Scotiabank increased their target price on Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, March 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research note on Monday, May 4th. Stifel Nicolaus increased their target price on Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, April 28th. Finally, Wells Fargo & Company increased their target price on Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and a consensus target price of $32.64.

Brixmor Property Group Price Performance

Shares of BRX opened at $30.97 on Friday. The stock has a market capitalization of $9.50 billion, a P/E ratio of 21.50, a P/E/G ratio of 2.51 and a beta of 0.98. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $31.49. The company has a 50 day moving average of $29.97 and a 200-day moving average of $28.27.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.25 by $0.16. The company had revenue of $354.82 million during the quarter, compared to the consensus estimate of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, equities research analysts forecast that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be issued a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio is presently 85.42%.

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.