Louisiana State Employees Retirement System Purchases New Holdings in Brixmor Property Group Inc. $BRX

Louisiana State Employees Retirement System purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 88,900 shares of the real estate investment trust’s stock, valued at approximately $2,560,000.

A number of other hedge funds also recently modified their holdings of BRX. Bayhunt Capital LLC acquired a new position in Brixmor Property Group in the fourth quarter worth about $14,793,000. Franklin Resources Inc. boosted its holdings in Brixmor Property Group by 0.4% during the third quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock valued at $338,747,000 after purchasing an additional 51,778 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in Brixmor Property Group by 7.3% during the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,523,434 shares of the real estate investment trust’s stock valued at $125,209,000 after purchasing an additional 306,342 shares in the last quarter. Elo Mutual Pension Insurance Co grew its stake in shares of Brixmor Property Group by 194.8% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 58,402 shares of the real estate investment trust’s stock valued at $1,617,000 after purchasing an additional 38,590 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Brixmor Property Group by 253.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 509,625 shares of the real estate investment trust’s stock valued at $13,230,000 after purchasing an additional 365,535 shares during the period. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $32.17 on Tuesday. The stock has a market capitalization of $9.87 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 2.72 and a beta of 0.99. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. Brixmor Property Group Inc. has a 1 year low of $24.66 and a 1 year high of $32.80. The firm has a 50 day moving average of $30.76 and a 200-day moving average of $28.95.

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

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio is presently 85.42%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BRX shares. Stifel Nicolaus boosted their price target on Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Truist Financial increased their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. KeyCorp lifted their price objective on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company boosted their target price on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group raised shares of Brixmor Property Group to a “strong-buy” rating in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given 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 a consensus rating of “Buy” and an average price target of $33.00.

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.