Brixmor Property Group Inc. $BRX Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Brixmor Property Group stake by 45.8% in the second quarter, selling 568,768 shares and retaining 671,953 shares worth approximately $21.2 million. Institutional investors and hedge funds collectively own 98.43% of BRX.
• BRX shares opened at $28.92, below their 50-day and 200-day moving averages. Brixmor reported quarterly EPS of $0.24, missing the $0.58 consensus estimate, while revenue rose 4.3% year over year to $354.2 million.
• Brixmor declared a quarterly dividend of $0.3075 per share, equivalent to a 4.3% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $34.55.

Engineers Gate Manager LP trimmed its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 45.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 671,953 shares of the real estate investment trust's stock after selling 568,768 shares during the period. Engineers Gate Manager LP owned approximately 0.22% of Brixmor Property Group worth $21,187,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Brixmor Property Group in the second quarter valued at about $1,265,950,000. State Street Corp increased its stake in shares of Brixmor Property Group by 0.5% during the second quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust's stock worth $408,813,000 after acquiring an additional 81,497 shares during the period. Centersquare Investment Management LLC raised its holdings in Brixmor Property Group by 22.5% during the fourth quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust's stock worth $324,722,000 after purchasing an additional 2,275,242 shares in the last quarter. California State Teachers Retirement System raised its holdings in Brixmor Property Group by 2,964.1% during the second quarter. California State Teachers Retirement System now owns 11,033,419 shares of the real estate investment trust's stock worth $349,934,000 after purchasing an additional 10,673,334 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Brixmor Property Group by 6.8% during the third quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust's stock worth $222,457,000 after purchasing an additional 511,976 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Down 0.8%

BRX stock opened at $28.92 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The company's 50-day moving average price is $30.58 and its 200 day moving average price is $30.37. Brixmor Property Group Inc. has a 52 week low of $24.66 and a 52 week high of $32.86. The company has a market cap of $8.87 billion, a P/E ratio of 20.66, a P/E/G ratio of 2.21 and a beta of 0.97.

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 analysts' consensus estimates 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 company had revenue of $354.20 million during the quarter, compared to analysts' expectations of $354.39 million. During the same period last year, the business posted $0.56 earnings per share. The company's quarterly revenue was up 4.3% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, research analysts expect that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 87.86%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BRX. Wells Fargo & Company raised Brixmor Property Group to a "hold" rating in a report on Thursday, July 23rd. Piper Sandler increased their target price on Brixmor Property Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Truist Financial raised their price target on Brixmor Property Group from $32.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, May 27th. UBS Group lifted their price target on Brixmor Property Group from $34.00 to $37.00 and gave the company a "buy" rating in a research note on Thursday, July 9th. Finally, Jefferies Financial Group raised Brixmor Property Group to a "strong-buy" rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.55.

About Brixmor Property Group

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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