Versor Investments LP acquired a new position in Brixmor Property Group Inc. (NYSE:BRX – Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 21,400 shares of the real estate investment trust’s stock, valued at approximately $561,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Brixmor Property Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock worth $1,179,543,000 after buying an additional 198,567 shares in the last quarter. State Street Corp lifted its holdings in Brixmor Property Group by 0.5% in the 2nd quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock worth $408,813,000 after buying an additional 81,497 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Brixmor Property Group by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock worth $338,747,000 after buying an additional 51,778 shares in the last quarter. Invesco Ltd. lifted its holdings in Brixmor Property Group by 6.8% in the 3rd quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock worth $222,457,000 after buying an additional 511,976 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Brixmor Property Group by 49.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock worth $177,041,000 after buying an additional 2,119,890 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on BRX shares. Truist Financial boosted their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. KeyCorp upped 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. Wells Fargo & Company upped their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Thursday, March 19th. Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Scotiabank upped their target price on shares of Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research note on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average target price of $32.18.
Brixmor Property Group Stock Performance
Shares of Brixmor Property Group stock opened at $29.33 on Thursday. The firm has a market cap of $9.00 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.48 and a beta of 1.00. The firm’s 50-day simple moving average is $29.72 and its 200-day simple moving average is $27.84. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31. Brixmor Property Group Inc. has a 1 year low of $24.38 and a 1 year high of $31.49.
Brixmor Property Group (NYSE:BRX – Get Free Report) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. The business had revenue of $354.82 million for the quarter, compared to analyst estimates of $349.43 million. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Equities analysts forecast that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.
Brixmor Property Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.3075 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 annualized dividend and a yield of 4.2%. Brixmor Property Group’s dividend payout ratio is 85.42%.
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.
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