Algert Global LLC Acquires 175,870 Shares of Brixmor Property Group Inc. $BRX

Key Points

• Algert Global increased its Brixmor Property Group stake by 198.6%, purchasing 175,870 additional shares to own 264,428 shares worth approximately $8.34 million. Institutional investors collectively hold 98.43% of BRX.
• Brixmor reported quarterly EPS of $0.24, well below the $0.58 consensus estimate, while revenue of $354.2 million was roughly in line with expectations and increased 4.3% year over year.
• The company declared a quarterly dividend of $0.3075, equivalent to an annualized $1.23 payout and a 4.2% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $34.33, above the reported $29.40 share price.

Algert Global LLC boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 198.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 264,428 shares of the real estate investment trust's stock after buying an additional 175,870 shares during the quarter. Algert Global LLC owned about 0.09% of Brixmor Property Group worth $8,337,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BRX. Strs Ohio boosted its stake in Brixmor Property Group by 6.6% in the fourth quarter. Strs Ohio now owns 1,480,492 shares of the real estate investment trust's stock worth $38,818,000 after purchasing an additional 91,612 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Brixmor Property Group by 77.3% in the fourth quarter. Hsbc Holdings PLC now owns 823,232 shares of the real estate investment trust's stock valued at $21,575,000 after buying an additional 359,006 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Brixmor Property Group in the first quarter valued at $1,443,000. Crossmark Global Holdings Inc. raised its holdings in shares of Brixmor Property Group by 199.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 70,651 shares of the real estate investment trust's stock valued at $1,852,000 after buying an additional 47,049 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Brixmor Property Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust's stock valued at $1,179,543,000 after buying an additional 198,567 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $29.40 on Thursday. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 2.24 and a beta of 0.98. Brixmor Property Group Inc. has a 12 month low of $24.66 and a 12 month high of $32.86. 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 stock has a 50-day moving average price of $31.07 and a 200 day moving average price of $30.36.

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 the consensus estimate of $0.58 by ($0.34). Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The business had revenue of $354.20 million during the quarter, compared to the consensus estimate of $354.39 million. During the same period last year, the business posted $0.56 EPS. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Research analysts expect that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group's dividend payout ratio is currently 87.86%.

Analysts Set New Price Targets

Several brokerages recently issued reports on BRX. Jefferies Financial Group upgraded shares of Brixmor Property Group to a "strong-buy" rating in a research report on Friday, June 26th. BMO Capital Markets raised their price objective on shares of Brixmor Property Group from $35.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, June 15th. Piper Sandler boosted their target price on shares of Brixmor Property Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. UBS Group upped their target price on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a "buy" rating in a research report on Thursday, July 9th. Finally, Wells Fargo & Company raised shares of Brixmor Property Group to a "hold" rating in a research note on Thursday, July 23rd. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $34.33.

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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