64,200 Shares in Brixmor Property Group Inc. $BRX Acquired by Paralel Advisors LLC

Key Points

• Paralel Advisors LLC acquired 64,200 shares of Brixmor Property Group in the second quarter, valued at approximately $2.02 million. Institutional investors collectively own 98.43% of the REIT’s outstanding stock.
• Brixmor reported quarterly revenue of $354.2 million, up 4.3% year over year, but earnings of $0.24 per share fell short of the $0.58 consensus estimate. Analysts expect full-year 2026 earnings of approximately $2.36 per share.
• The company declared a quarterly dividend of $0.3075 per share, equivalent to an annualized $1.23 dividend and a 4.2% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $34.33.

Paralel Advisors LLC acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 64,200 shares of the real estate investment trust's stock, valued at approximately $2,024,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new stake in shares of Brixmor Property Group during the 1st quarter valued at $26,000. Allworth Financial LP bought a new position in shares of Brixmor Property Group in the 2nd quarter worth $29,000. Clearstead Advisors LLC boosted its position in shares of Brixmor Property Group by 96.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 495 shares during the last quarter. Loomis Sayles & Co. L P grew its stake 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 purchasing an additional 1,130 shares during the period. Finally, SHP Wealth Management acquired a new stake in shares of Brixmor Property Group during the fourth quarter worth $34,000. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Stock Performance

BRX opened at $29.50 on Friday. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 2.25 and a beta of 0.98. The business's 50-day moving average price is $31.26 and its two-hundred day moving average price is $30.29. Brixmor Property Group Inc. has a 1 year low of $24.66 and a 1 year high of $32.86. 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 (NYSE:BRX - Get Free Report) last posted 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). The firm 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 firm's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Equities analysts expect that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.3075 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. Brixmor Property Group's dividend payout ratio is 87.86%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. 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 research note on Monday, June 15th. Jefferies Financial Group upgraded Brixmor Property Group to a "strong-buy" rating in a research report on Friday, June 26th. Truist Financial upped 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. Citigroup increased their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Finally, UBS Group lifted their price objective on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a "buy" rating in a research note on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.33.

Brixmor Property Group Company 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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