BlackRock Inc. bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 40,150,662 shares of the real estate investment trust's stock, valued at approximately $1,265,950,000. BlackRock Inc. owned about 13.08% of Brixmor Property Group as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of BRX. Vanguard Group Inc. grew its position 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 purchasing an additional 198,567 shares during the last quarter. State Street Corp boosted its position in shares of Brixmor Property Group by 0.5% in the second quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust's stock valued at $408,813,000 after acquiring an additional 81,497 shares during the period. Centersquare Investment Management LLC boosted its holdings in Brixmor Property Group by 22.5% in the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust's stock valued at $324,722,000 after purchasing an additional 2,275,242 shares during the period. Invesco Ltd. boosted its stake in shares of Brixmor Property Group by 6.8% in the third quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust's stock valued at $222,457,000 after buying an additional 511,976 shares during the period. Finally, Wellington Management Group LLP grew its position in Brixmor Property Group by 49.6% during the third quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust's stock worth $177,041,000 after buying an additional 2,119,890 shares in the last quarter. Institutional investors own 98.43% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have commented on BRX shares. Citigroup raised their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. KeyCorp increased their target price on Brixmor Property Group from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, May 12th. Piper Sandler raised their price target on Brixmor Property Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Truist Financial boosted 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. Finally, Jefferies Financial Group raised shares of Brixmor Property Group to a "strong-buy" rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.33.
Check Out Our Latest Report on Brixmor Property Group
Brixmor Property Group Price Performance
Shares of NYSE:BRX opened at $29.50 on Friday. Brixmor Property Group Inc. has a one year low of $24.66 and a one 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. The company has a market cap of $9.05 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.25 and a beta of 0.98. The firm has a 50 day simple moving average of $31.26 and a 200 day simple moving average of $30.29.
Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.34). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The company had revenue of $354.20 million for the quarter, compared to the consensus estimate of $354.39 million. During the same period in the previous year, the firm posted $0.56 EPS. The business's quarterly revenue 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 predict that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.
Brixmor Property Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders 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 of this dividend is Friday, October 2nd. Brixmor Property Group's dividend payout ratio is presently 87.86%.
Brixmor Property Group Company Profile
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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.
See Also
Want to see what other hedge funds are holding BRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brixmor Property Group Inc. (NYSE:BRX - Free Report).
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