Perigon Wealth Management LLC Makes New Investment in Brixmor Property Group Inc. $BRX

Perigon Wealth Management LLC bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the second quarter, Holdings Channel reports. The fund bought 46,090 shares of the real estate investment trust’s stock, valued at approximately $1,453,000.

Other institutional investors also recently modified their holdings of the company. Strs Ohio raised its stake in Brixmor Property Group by 6.6% in the 4th quarter. Strs Ohio now owns 1,480,492 shares of the real estate investment trust’s stock worth $38,818,000 after purchasing an additional 91,612 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Brixmor Property Group by 77.3% during the 4th quarter. Hsbc Holdings PLC now owns 823,232 shares of the real estate investment trust’s stock worth $21,575,000 after purchasing an additional 359,006 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Brixmor Property Group during the first quarter worth approximately $1,443,000. Crossmark Global Holdings Inc. increased its holdings in shares of Brixmor Property Group by 199.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 70,651 shares of the real estate investment trust’s stock worth $1,852,000 after purchasing an additional 47,049 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Brixmor Property Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock valued at $1,179,543,000 after buying an additional 198,567 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.8%

Shares of BRX opened at $29.74 on Tuesday. The firm has a 50 day simple moving average of $31.40 and a two-hundred day simple moving average of $30.22. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.82 and a quick ratio of 0.82. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.86. The company has a market cap of $9.13 billion, a P/E ratio of 21.24, a P/E/G ratio of 2.27 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share 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 business had revenue of $354.20 million during the quarter, compared to analyst estimates of $354.39 million. During the same period in the prior year, the business posted $0.56 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Research analysts forecast that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a $0.3075 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.23 annualized dividend and a yield of 4.1%. Brixmor Property Group’s dividend payout ratio (DPR) is 87.86%.

Analyst Ratings Changes

BRX has been the topic of a number of analyst reports. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Stifel Nicolaus lifted their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Wells Fargo & Company raised Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. Citigroup increased their target price on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, UBS Group raised their price target on 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, ten have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

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.