Bank of New York Mellon Corp Lowers Position in Brixmor Property Group Inc. $BRX

Bank of New York Mellon Corp decreased its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 1.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,499,004 shares of the real estate investment trust’s stock after selling 45,746 shares during the period. Bank of New York Mellon Corp’s holdings in Brixmor Property Group were worth $71,971,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BRX. NewEdge Advisors LLC raised its holdings in shares of Brixmor Property Group by 4.6% in the 4th quarter. NewEdge Advisors LLC now owns 8,657 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 384 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Brixmor Property Group by 17.4% during the 3rd quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 398 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of Brixmor Property Group by 4.0% during the first quarter. Fifth Third Wealth Advisors LLC now owns 10,775 shares of the real estate investment trust’s stock worth $310,000 after purchasing an additional 413 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in shares of Brixmor Property Group by 0.9% during the first quarter. IFM Investors Pty Ltd now owns 50,073 shares of the real estate investment trust’s stock worth $1,442,000 after purchasing an additional 459 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Brixmor Property Group by 2.5% in the third quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock worth $534,000 after purchasing an additional 465 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BRX has been the topic of a number of recent analyst reports. KeyCorp raised their target price on shares of Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research note on Monday, May 4th. Wells Fargo & Company increased their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Truist Financial raised their price objective on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Finally, BMO Capital Markets lifted their price objective on shares of Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Two equities research 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. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $33.75.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock opened at $32.42 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $9.95 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98. The business’s 50-day moving average price is $31.23 and its 200-day moving average price is $29.62. Brixmor Property Group Inc. has a 12 month low of $24.66 and a 12 month high of $32.86.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data 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. The company had revenue of $354.82 million for the quarter, compared to analysts’ expectations of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.Brixmor Property Group’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Sell-side analysts forecast that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

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.