Westpac Banking Corp Makes New $1.45 Million Investment in Brixmor Property Group Inc. $BRX

Westpac Banking Corp bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,095 shares of the real estate investment trust’s stock, valued at approximately $1,453,000.

Other large investors also recently modified their holdings of the company. Clearstead Advisors LLC raised its stake in Brixmor Property Group by 96.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 495 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in Brixmor Property Group in the first quarter valued at approximately $26,000. Allworth Financial LP bought a new position in shares of Brixmor Property Group during the second quarter valued at approximately $29,000. Loomis Sayles & Co. L P grew its holdings in shares of Brixmor Property Group by 1,215.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,130 shares during the last quarter. Finally, SHP Wealth Management bought a new position in shares of Brixmor Property Group during the fourth quarter valued at approximately $34,000. 98.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BRX has been the topic of several recent research reports. Truist Financial raised their price target on Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Stifel Nicolaus upped their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. BMO Capital Markets increased their target price on Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Jefferies Financial Group upgraded Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Finally, UBS Group boosted their price target on shares of Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $29.31 on Friday. The firm’s 50 day moving average is $31.19 and its two-hundred day moving average is $30.29. Brixmor Property Group Inc. has a 52 week low of $24.66 and a 52 week high of $32.86. The firm has a market capitalization of $8.99 billion, a P/E ratio of 20.94, a PEG ratio of 2.22 and a beta of 0.98. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76.

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

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.3075 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.23 annualized dividend and a yield of 4.2%. Brixmor Property Group’s 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.