Engineers Gate Manager LP Decreases Stock Position in Brixmor Property Group Inc. $BRX

Engineers Gate Manager LP trimmed its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 45.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 671,953 shares of the real estate investment trust’s stock after selling 568,768 shares during the period. Engineers Gate Manager LP’s holdings in Brixmor Property Group were worth $21,187,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BRX. Royal Bank of Canada grew its position in shares of Brixmor Property Group by 39.9% in the first quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock valued at $5,405,000 after purchasing an additional 58,058 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Brixmor Property Group by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock worth $45,231,000 after purchasing an additional 89,827 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Brixmor Property Group by 43.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 557 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Brixmor Property Group during the 2nd quarter worth approximately $6,048,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Brixmor Property Group in the 2nd quarter valued at approximately $435,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on BRX shares. BMO Capital Markets increased their target price on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Piper Sandler boosted their price target on Brixmor Property Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. UBS Group increased their price objective on Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, Citigroup lifted their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.55.

Brixmor Property Group Stock Down 0.8%

BRX opened at $28.92 on Thursday. Brixmor Property Group Inc. has a 12 month low of $24.66 and a 12 month high of $32.86. The business has a 50-day moving average of $30.58 and a two-hundred day moving average of $30.37. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data 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). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The company had revenue of $354.20 million for the quarter, compared to analysts’ expectations of $354.39 million. During the same quarter in the previous year, the company earned $0.56 earnings per share. The company’s revenue 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. On average, research analysts expect that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 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.