Brixmor Property Group Inc. $BRX Shares Bought by Strs Ohio

Strs Ohio grew its stake in Brixmor Property Group Inc. (NYSE:BRX) by 2.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,511,782 shares of the real estate investment trust’s stock after purchasing an additional 31,290 shares during the period. Strs Ohio owned approximately 0.49% of Brixmor Property Group worth $43,539,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BRX. Bayhunt Capital LLC acquired a new stake in shares of Brixmor Property Group during the 4th quarter valued at approximately $14,793,000. Cbre Investment Management Listed Real Assets LLC increased its stake in Brixmor Property Group by 7.3% in the 3rd 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. Franklin Resources Inc. increased its stake in Brixmor Property Group by 0.4% in the 3rd 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. Allspring Global Investments Holdings LLC raised its holdings in Brixmor Property Group by 253.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 509,625 shares of the real estate investment trust’s stock worth $13,230,000 after purchasing an additional 365,535 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in Brixmor Property Group by 6.7% during the third quarter. Captrust Financial Advisors now owns 3,567,636 shares of the real estate investment trust’s stock worth $98,752,000 after purchasing an additional 224,637 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analysts Set New Price Targets

BRX has been the topic of several recent research reports. Truist Financial upped their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. 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. KeyCorp upped their target price on shares of Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research note on Monday, May 4th. Finally, Scotiabank raised their target price on shares of Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $33.00.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $31.19 on Friday. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31. The company has a 50 day moving average price of $30.81 and a 200 day moving average price of $29.09. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating 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 firm had revenue of $354.82 million for the quarter, compared to analysts’ expectations of $349.43 million. During the same quarter last year, the firm earned $0.56 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Announces Dividend

The company 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. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.9%. Brixmor Property Group’s payout ratio is presently 85.42%.

About Brixmor Property Group

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.