Commerce Bank Takes Position in Brixmor Property Group Inc. $BRX

Commerce Bank bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the second quarter, Holdings Channel reports. The firm bought 412,134 shares of the real estate investment trust’s stock, valued at approximately $12,995,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BRX. Clearstead Advisors LLC raised its holdings in Brixmor Property Group by 96.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 495 shares during the period. Cassaday & Co Wealth Management LLC purchased a new stake in Brixmor Property Group during the first quarter worth approximately $26,000. Allworth Financial LP purchased a new stake in Brixmor Property Group during the second quarter worth approximately $29,000. Loomis Sayles & Co. L P increased its position in shares of Brixmor Property Group by 1,215.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,130 shares in the last quarter. Finally, SHP Wealth Management acquired a new stake in shares of Brixmor Property Group in the fourth quarter worth $34,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.6%

NYSE BRX opened at $29.31 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. Brixmor Property Group Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $32.86. The business has a 50 day moving average price of $31.19 and a two-hundred day moving average price of $30.29. The stock has a market cap of $8.99 billion, a PE ratio of 20.94, a P/E/G ratio of 2.22 and a beta of 0.98.

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

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 87.86%.

Analyst Ratings Changes

Several research firms recently weighed in on BRX. Stifel Nicolaus lifted their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. UBS Group increased their price target on Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Wells Fargo & Company raised Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. Finally, Truist Financial boosted 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

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.