Deutsche Bank AG purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,898,578 shares of the real estate investment trust's stock, valued at approximately $122,922,000. Deutsche Bank AG owned 1.27% of Brixmor Property Group at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Advisors LLC lifted its stake in shares of 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 in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Brixmor Property Group during the first quarter worth about $26,000. Loomis Sayles & Co. L P increased its position 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 worth $32,000 after acquiring an additional 1,130 shares in the last quarter. SHP Wealth Management acquired a new stake in shares of Brixmor Property Group in the 4th quarter worth about $34,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Brixmor Property Group in the 4th quarter worth about $43,000. Institutional investors own 98.43% of the company's stock.
Wall Street Analyst Weigh In
BRX has been the subject of a number of analyst reports. Truist Financial lifted their price target on Brixmor Property Group from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, May 27th. Stifel Nicolaus increased 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. Weiss Ratings restated a "buy (b)" rating on shares of Brixmor Property Group in a report on Friday, July 31st. Wells Fargo & Company raised Brixmor Property Group to a "hold" rating in a research report on Thursday, July 23rd. Finally, Piper Sandler upped 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.33.
Check Out Our Latest Report on Brixmor Property Group
Brixmor Property Group Price Performance
Shares of NYSE:BRX opened at $29.73 on Thursday. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $32.86. The firm has a market capitalization of $9.12 billion, a PE ratio of 21.24, a P/E/G ratio of 2.25 and a beta of 0.98. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. The company has a 50-day moving average price of $31.31 and a two-hundred day moving average price of $30.27.
Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results 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). The business had revenue of $354.20 million for the quarter, compared to the consensus estimate of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The company's revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Equities analysts forecast that Brixmor Property Group Inc. will post 2.36 EPS for the current year.
Brixmor Property Group Announces Dividend
The company also recently announced 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 4.1%. The ex-dividend date of this dividend is Friday, October 2nd. Brixmor Property Group's dividend payout ratio is 87.86%.
About Brixmor Property Group
(
Free Report)
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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