Alberta Investment Management Corp purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 235,800 shares of the real estate investment trust's stock, valued at approximately $7,435,000. Alberta Investment Management Corp owned about 0.08% of Brixmor Property Group as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Clearstead Advisors LLC increased its holdings in Brixmor Property Group by 96.9% during 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 period. Cassaday & Co Wealth Management LLC purchased a new position in shares of Brixmor Property Group during the first quarter valued at $26,000. Loomis Sayles & Co. L P raised its holdings in shares of Brixmor Property Group by 1,215.1% in 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 acquiring an additional 1,130 shares in the last quarter. SHP Wealth Management bought a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $34,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in Brixmor Property Group in the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 98.43% of the company's stock.
Brixmor Property Group Stock Performance
BRX stock opened at $29.95 on Monday. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.86. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 2.27 and a beta of 0.98. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a 50-day simple moving average of $31.42 and a two-hundred day simple moving average of $30.20.
Brixmor Property Group (NYSE:BRX - Get Free Report) 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 analysts' consensus estimates of $0.58 by ($0.34). The firm had revenue of $354.20 million during the quarter, compared to analysts' expectations 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 previous year, the firm earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.
Brixmor Property Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be given a $0.3075 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.1%. Brixmor Property Group's dividend payout ratio (DPR) is presently 87.86%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the stock. Evercore upgraded shares of Brixmor Property Group to a "strong-buy" rating in a report on Wednesday, April 29th. Jefferies Financial Group raised shares of Brixmor Property Group to a "strong-buy" rating in a research report on Friday, June 26th. UBS Group increased their price objective on shares of Brixmor Property Group from $34.00 to $37.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Citigroup lifted their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Finally, KeyCorp boosted their price objective on shares of Brixmor Property Group from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 12th. Two 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.00.
Read Our Latest Stock Analysis on BRX
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.
Further Reading
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