Bank of New York Mellon Corp Acquires New Stake in Brixmor Property Group Inc. $BRX

Bank of New York Mellon Corp bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,485,030 shares of the real estate investment trust's stock, valued at approximately $78,353,000. Bank of New York Mellon Corp owned approximately 0.81% of Brixmor Property Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Royal Bank of Canada grew its stake in Brixmor Property Group by 39.9% in the 1st quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust's stock worth $5,405,000 after buying an additional 58,058 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Brixmor Property Group by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust's stock worth $45,231,000 after buying an additional 89,827 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Brixmor Property Group by 43.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 557 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Brixmor Property Group during the 2nd quarter worth $6,048,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Brixmor Property Group during the 2nd quarter worth $435,000. Hedge funds and other institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BRX. KeyCorp upped their target price on shares of Brixmor Property Group from $32.00 to $34.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 12th. Citigroup raised their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Brixmor Property Group in a research note on Friday, July 31st. UBS Group upped their price objective on Brixmor Property Group from $34.00 to $37.00 and gave the stock a "buy" rating in a report on Thursday, July 9th. Finally, Piper Sandler increased their price objective on Brixmor Property Group from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Two research 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $34.33.

Brixmor Property Group Trading Down 0.2%

BRX stock opened at $29.52 on Wednesday. The company has a market capitalization of $9.06 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.24 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. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.86. The company's 50 day moving average price is $31.10 and its two-hundred day moving average price is $30.35.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 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 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%. Brixmor Property Group's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, analysts predict that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

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

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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