J. Goldman & Co LP Takes Position in Brixmor Property Group Inc. $BRX

Key Points

• J. Goldman & Co. LP bought 593,147 shares of Brixmor Property Group worth approximately $18.7 million, giving it a 0.19% stake. Institutional investors collectively own 98.43% of the REIT.
• Analysts maintain a generally positive outlook, with Brixmor carrying a “Moderate Buy” consensus rating and an average price target of $34.33. Recent upgrades included Piper Sandler’s $40 target and Jefferies’ “strong-buy” rating.
• Brixmor reported quarterly EPS of $0.24, below the $0.58 consensus estimate, while revenue rose 4.3% year over year to $354.2 million. The company declared a quarterly dividend of $0.3075, representing a 4.2% annualized yield.

J. Goldman & Co LP bought a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 593,147 shares of the real estate investment trust's stock, valued at approximately $18,702,000. J. Goldman & Co LP owned about 0.19% of Brixmor Property Group as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BRX. Cassaday & Co Wealth Management LLC bought a new position in Brixmor Property Group in the 1st quarter worth approximately $26,000. Jones Financial Companies Lllp bought a new stake in shares of Brixmor Property Group in the second quarter valued at approximately $29,000. Allworth Financial LP acquired a new stake in shares of Brixmor Property Group in the second quarter worth $29,000. Clearstead Advisors LLC grew its stake in shares of Brixmor Property Group by 96.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 495 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in shares of Brixmor Property Group by 1,215.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 1,130 shares during the last quarter. Institutional investors own 98.43% of the company's stock.

Analyst Upgrades and Downgrades

BRX has been the topic of several research reports. Citigroup boosted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Truist Financial raised their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, May 27th. Wells Fargo & Company raised Brixmor Property Group to a "hold" rating in a report on Thursday, July 23rd. Piper Sandler boosted their price objective on Brixmor Property Group from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Tuesday, July 21st. Finally, Jefferies Financial Group upgraded Brixmor Property Group to a "strong-buy" rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.33.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX opened at $29.52 on Wednesday. The business has a fifty day moving average of $31.10 and a 200-day moving average of $30.35. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $32.86. The firm has a market cap of $9.06 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 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 firm had revenue of $354.20 million during the quarter, compared to the consensus estimate of $354.39 million. During the same quarter in the previous year, the business posted $0.56 earnings per share. The firm'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, equities research analysts predict that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

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 given a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.2%. Brixmor Property Group's dividend payout ratio is currently 87.86%.

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.

Want to see what other hedge funds are holding BRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brixmor Property Group Inc. (NYSE:BRX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source