Brixmor Property Group Inc. $BRX Shares Sold by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services Co. trimmed its Brixmor stake by 4.9%, selling 399,100 shares and now holds 7,691,972 shares (2.51%) valued at about $201.7 million.
• Analysts are broadly positive—ten rate BRX a Buy and two Hold, giving a consensus "Moderate Buy" with a price target of $31.55, and several firms recently raised targets into the $31–$34 range.
• Brixmor declared a quarterly dividend of $0.3075 (annualized $1.23) for a 4.1% yield

Massachusetts Financial Services Co. MA reduced its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,691,972 shares of the real estate investment trust's stock after selling 399,100 shares during the period. Massachusetts Financial Services Co. MA owned 2.51% of Brixmor Property Group worth $201,684,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Brixmor Property Group by 17.4% during the 3rd quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 398 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Brixmor Property Group by 2.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust's stock worth $534,000 after purchasing an additional 465 shares during the last quarter. Park Avenue Securities LLC boosted its stake in shares of Brixmor Property Group by 1.3% during the 3rd quarter. Park Avenue Securities LLC now owns 36,195 shares of the real estate investment trust's stock worth $1,002,000 after purchasing an additional 478 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Brixmor Property Group by 7.4% during the 3rd quarter. GAMMA Investing LLC now owns 7,003 shares of the real estate investment trust's stock worth $194,000 after purchasing an additional 485 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake 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 worth $48,000 after purchasing an additional 557 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BRX. Weiss Ratings reissued a "buy (b-)" rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. 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 research report on Tuesday, February 17th. UBS Group raised their target price on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a "buy" rating in a research report on Thursday, January 8th. Scotiabank raised their target price on shares of Brixmor Property Group from $29.00 to $33.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, March 24th. Finally, Wells Fargo & Company raised their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 19th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.55.

Brixmor Property Group Trading Down 0.0%

Shares of BRX stock opened at $29.70 on Monday. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 2.67 and a beta of 1.06. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.83. Brixmor Property Group Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $30.70. The firm's 50 day moving average price is $29.22 and its two-hundred day moving average price is $27.39.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $353.75 million for the quarter, compared to analysts' expectations of $347.42 million. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. Brixmor Property Group's revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. On average, analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Brixmor Property Group's payout ratio is 97.62%.

Insiders Place Their Bets

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of Brixmor Property Group stock in a transaction that occurred 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 transaction, the director directly owned 18,400 shares of the company's stock, valued at $534,152. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.91% of the stock is currently owned by company insiders.

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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