Davis Selected Advisers Raises Holdings in Brixmor Property Group Inc. $BRX

Key Points

• Davis Selected Advisers increased its stake in Brixmor Property Group by 14.4% to 570,000 shares (about $15.78M), and institutional investors now own roughly 98.43% of the company's stock.
• Brixmor declared a quarterly dividend of $0.3075 (annualized $1.23) with a yield of 4.2%, an ex-dividend date of April 2 and payment on April 15, though the payout ratio is high at 97.62%.
• The REIT beat quarterly expectations with $0.58 EPS (vs. $0.57 est.) and $353.75M revenue, set FY2026 guidance of 2.33–2.37 EPS, and holds an average analyst rating of "Moderate Buy" with a $30.82 average price target.

Davis Selected Advisers boosted its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 570,000 shares of the real estate investment trust's stock after purchasing an additional 71,610 shares during the quarter. Davis Selected Advisers owned about 0.19% of Brixmor Property Group worth $15,778,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elo Mutual Pension Insurance Co grew its stake in Brixmor Property Group by 194.8% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 58,402 shares of the real estate investment trust's stock valued at $1,617,000 after acquiring an additional 38,590 shares in the last quarter. Retirement Systems of Alabama raised its holdings in Brixmor Property Group by 6.0% in the 3rd quarter. Retirement Systems of Alabama now owns 1,057,592 shares of the real estate investment trust's stock valued at $29,274,000 after acquiring an additional 60,017 shares during the last quarter. Aew Capital Management L P lifted its stake in Brixmor Property Group by 75.6% in the 3rd quarter. Aew Capital Management L P now owns 2,882,414 shares of the real estate investment trust's stock worth $79,785,000 after purchasing an additional 1,241,326 shares in the last quarter. Franklin Resources Inc. lifted its stake in Brixmor Property Group by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust's stock worth $338,747,000 after purchasing an additional 51,778 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Brixmor Property Group by 27.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 579,142 shares of the real estate investment trust's stock worth $15,081,000 after purchasing an additional 123,695 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $29.56 on Thursday. The firm has a 50 day simple moving average of $28.30 and a 200-day simple moving average of $27.26. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.67 and a beta of 1.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 1.11. Brixmor Property Group Inc. has a 1-year low of $22.28 and a 1-year high of $30.70.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $353.75 million for the quarter, compared to analyst estimates of $347.42 million. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. On average, analysts expect 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. Stockholders of record on Thursday, April 2nd will be paid a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, April 2nd. Brixmor Property Group's dividend payout ratio is 97.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BRX shares. UBS Group upped their price target on Brixmor Property Group from $29.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, January 8th. Piper Sandler boosted their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 17th. Scotiabank dropped their target price on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a report on Wednesday, January 14th. JPMorgan Chase & Co. raised their target price on Brixmor Property Group from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Friday, February 20th. Finally, Truist Financial lifted their price target on Brixmor Property Group from $29.00 to $32.00 and gave the stock a "buy" rating in a report on Thursday, March 5th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $30.82.

Insider Buying and Selling at Brixmor Property Group

In other news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $29.03, for a total transaction of $232,240.00. Following the completion of the transaction, the director directly owned 18,400 shares in the company, valued at approximately $534,152. This represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.75% of the company's stock.

Brixmor Property Group 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.

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