Hsbc Holdings PLC Increases Stock Holdings in Brixmor Property Group Inc. $BRX

Key Points

• Hsbc Holdings PLC increased its Brixmor Property Group stake by 18.3% in the second quarter, adding 217,438 shares to hold 1.4 million shares valued at approximately $44.4 million. Institutional investors collectively own 98.43% of BRX.
• Analysts remain generally positive, with Brixmor receiving a consensus “Moderate Buy” rating and an average price target of $34.33, above its recent $29.13 share price.
• Brixmor reported quarterly EPS of $0.24, below the $0.58 analyst consensus, while revenue increased 4.3% year over year to $354.2 million. The company declared a quarterly dividend of $0.3075, representing a 4.2% annualized yield.

Hsbc Holdings PLC raised its position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,402,911 shares of the real estate investment trust's stock after acquiring an additional 217,438 shares during the quarter. Hsbc Holdings PLC owned approximately 0.46% of Brixmor Property Group worth $44,352,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Brixmor Property Group in the first quarter valued at approximately $1,443,000. GSA Capital Partners LLP acquired a new position in shares of Brixmor Property Group in the second quarter worth $2,841,000. Crossmark Global Holdings Inc. increased its position in shares of Brixmor Property Group by 199.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 70,651 shares of the real estate investment trust's stock worth $1,852,000 after acquiring an additional 47,049 shares during the period. Principal Financial Group Inc. increased its position in shares of Brixmor Property Group by 686.1% during the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust's stock worth $149,083,000 after acquiring an additional 4,518,001 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of Brixmor Property Group by 9.5% in the first quarter. Quantinno Capital Management LP now owns 526,680 shares of the real estate investment trust's stock valued at $15,168,000 after acquiring an additional 45,809 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on Brixmor Property Group from $31.00 to $34.00 and gave the company a "hold" rating in a report on Tuesday, July 28th. Weiss Ratings restated a "buy (b)" rating on shares of Brixmor Property Group in a report on Friday, July 31st. KeyCorp increased their price target on Brixmor Property Group from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Tuesday, May 12th. Truist Financial lifted their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, May 27th. Finally, BMO Capital Markets boosted their price objective on Brixmor Property Group from $35.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Brixmor Property Group has an average rating of "Moderate Buy" and a consensus price target of $34.33.

Brixmor Property Group Stock Down 0.1%

Brixmor Property Group stock opened at $29.13 on Tuesday. Brixmor Property Group Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $32.86. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $8.94 billion, a P/E ratio of 20.81, a PEG ratio of 2.21 and a beta of 0.97. The stock has a 50-day simple moving average of $30.67 and a 200-day simple moving average of $30.37.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly 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). The firm had revenue of $354.20 million for the quarter, compared to analysts' expectations of $354.39 million. Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Equities research analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued 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 Friday, October 2nd. Brixmor Property Group's dividend payout ratio is presently 87.86%.

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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