Brixmor Property Group Inc. $BRX Shares Acquired by Strs Ohio

Key Points

• Strs Ohio raised its stake in Brixmor by 6.6%, adding 91,612 shares to hold 1,480,492 shares (about 0.48% of the company) worth roughly $38.8 million.
• Q1 earnings beat: Brixmor reported $0.41 EPS vs. $0.25 expected and $354.8M revenue vs. $349.4M, and set FY2026 guidance of 2.340–2.37 EPS (analysts expect ~2.36).
• Brixmor announced a quarterly dividend of $0.3075 ($1.23 annualized), implying a 4.1% yield with an ex-dividend date of July 2 and a payout ratio of 85.4%.

Strs Ohio increased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,480,492 shares of the real estate investment trust's stock after buying an additional 91,612 shares during the quarter. Strs Ohio owned about 0.48% of Brixmor Property Group worth $38,818,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in Brixmor Property Group during the 3rd quarter worth about $28,000. Quent Capital LLC acquired a new position in shares of Brixmor Property Group in the third quarter valued at about $35,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Brixmor Property Group in the fourth quarter worth about $42,000. Bayforest Capital Ltd purchased a new position in shares of Brixmor Property Group in the fourth quarter worth about $44,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Brixmor Property Group by 43.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 557 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Down 1.0%

Brixmor Property Group stock opened at $29.78 on Friday. The business's 50-day moving average price is $29.74 and its 200 day moving average price is $27.71. The company has a quick ratio of 1.11, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. The firm has a market cap of $9.14 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 2.67 and a beta of 1.00. Brixmor Property Group Inc. has a 52 week low of $24.38 and a 52 week high of $31.49.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.16. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The company had revenue of $354.82 million during the quarter, compared to the consensus estimate of $349.43 million. During the same period in the previous year, the company posted $0.56 earnings per share. Brixmor Property Group's revenue for the quarter was up 5.1% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be paid a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, July 2nd. Brixmor Property Group's payout ratio is currently 85.42%.

Insider Activity

In related news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total transaction of $232,240.00. Following the sale, the director directly owned 18,400 shares of the company's stock, valued at approximately $534,152. This represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BRX shares. Evercore upgraded Brixmor Property Group to a "strong-buy" rating in a research report on Wednesday. Truist Financial raised their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Stifel Nicolaus lifted their price objective on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a "hold" rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. upped their price objective on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Friday, February 20th. Finally, Piper Sandler raised their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $32.00.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.