Paralel Advisors LLC Purchases Shares of 64,200 Brixmor Property Group Inc. $BRX

Paralel Advisors LLC purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 64,200 shares of the real estate investment trust’s stock, valued at approximately $2,024,000.

A number of other large investors also recently modified their holdings of the business. NewEdge Advisors LLC grew 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 raised its holdings in Brixmor Property Group by 17.4% during the third quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 398 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in 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 valued at $310,000 after purchasing an additional 413 shares during the last quarter. IFM Investors Pty Ltd boosted its position in 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 valued at $1,442,000 after purchasing an additional 459 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in 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 valued at $534,000 after purchasing an additional 465 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on BRX shares. Wells Fargo & Company raised Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. BMO Capital Markets increased their price objective on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, June 15th. 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. Stifel Nicolaus boosted their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, July 28th. Finally, UBS Group upped their price target on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $34.33.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $29.50 on Friday. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.25 and a beta of 0.98. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. The company has a 50-day simple moving average of $31.26 and a 200 day simple moving average of $30.29. Brixmor Property Group Inc. has a 52 week low of $24.66 and a 52 week high of $32.86.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.34). The company had revenue of $354.20 million during the quarter, compared to the consensus estimate of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, sell-side analysts predict that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be given a $0.3075 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. Brixmor Property Group’s dividend payout ratio is presently 87.86%.

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.