Canada Pension Plan Investment Board Has $228.77 Million Position in Brixmor Property Group Inc. $BRX

Key Points

• The Canada Pension Plan Investment Board increased its stake in Brixmor Property Group Inc. by 10.6% during the 1st quarter, now holding 8,616,420 shares valued at approximately $228.77 million.
• Brixmor reported a 7.5% increase in revenue year-over-year, with earnings per share of $0.56, surpassing analysts' expectations of $0.55.
• The company's recently declared quarterly dividend of $0.2875 represents an annualized yield of 4.1%, with a payout ratio of 104.55%.

Canada Pension Plan Investment Board boosted its holdings in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,616,420 shares of the real estate investment trust's stock after acquiring an additional 824,404 shares during the quarter. Canada Pension Plan Investment Board owned about 2.82% of Brixmor Property Group worth $228,766,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BRX. Northern Trust Corp raised its position in Brixmor Property Group by 96.2% in the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock worth $135,590,000 after acquiring an additional 2,388,264 shares in the last quarter. Ameriprise Financial Inc. raised its position in Brixmor Property Group by 28.2% in the first quarter. Ameriprise Financial Inc. now owns 6,991,336 shares of the real estate investment trust's stock worth $185,615,000 after acquiring an additional 1,537,737 shares in the last quarter. Deutsche Bank AG raised its holdings in Brixmor Property Group by 31.3% during the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust's stock worth $163,778,000 after buying an additional 1,404,034 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in Brixmor Property Group during the 1st quarter worth about $34,702,000. Finally, Clark Capital Management Group Inc. raised its holdings in Brixmor Property Group by 406.2% during the 4th quarter. Clark Capital Management Group Inc. now owns 1,516,041 shares of the real estate investment trust's stock worth $42,207,000 after buying an additional 1,216,548 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Stock Performance

Shares of NYSE BRX traded up $0.28 during trading hours on Wednesday, reaching $27.98. The stock had a trading volume of 834,596 shares, compared to its average volume of 2,367,780. The business's fifty day moving average is $26.31 and its two-hundred day moving average is $25.96. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.65 and a beta of 1.32. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $339.40 million during the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.Brixmor Property Group's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio is presently 104.55%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BRX. Wells Fargo & Company boosted their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Scotiabank upped their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company a "sector outperform" rating in a report on Thursday, August 28th. Stifel Nicolaus lowered their price target on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. UBS Group began coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 price target for the company. Finally, Mizuho upped their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.42.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.