Jupiter Topco LLC Invests $4.23 Million in Brixmor Property Group Inc. $BRX

Key Points

• Jupiter Topco acquired 134,026 Brixmor Property Group shares worth approximately $4.23 million in the second quarter. Institutional investors and hedge funds collectively own 98.43% of BRX stock.
• Analyst sentiment remains positive: BRX has a consensus “Moderate Buy” rating and an average price target of $34.33, with several firms recently raising targets or upgrading the stock.
• Brixmor declared a quarterly dividend of $0.3075 per share, equivalent to $1.23 annually and a 4.2% yield. The REIT’s latest quarterly EPS of $0.24 missed estimates, although revenue increased 4.3% year over year.

Jupiter Topco LLC acquired a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 134,026 shares of the real estate investment trust's stock, valued at approximately $4,228,000.

A number of other institutional investors have also recently made changes to their positions in BRX. Royal Bank of Canada increased its position in Brixmor Property Group by 39.9% during the 1st quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust's stock valued at $5,405,000 after buying an additional 58,058 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Brixmor Property Group by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust's stock valued at $45,231,000 after buying an additional 89,827 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Brixmor Property Group by 43.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust's stock worth $48,000 after acquiring an additional 557 shares in the last quarter. Marshall Wace LLP acquired a new stake in Brixmor Property Group in the second quarter worth about $6,048,000. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Brixmor Property Group during the second quarter worth about $435,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BRX. Jefferies Financial Group upgraded shares of Brixmor Property Group to a "strong-buy" rating in a report on Friday, June 26th. Piper Sandler lifted their target price on shares of Brixmor Property Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Weiss Ratings reissued a "buy (b)" rating on shares of Brixmor Property Group in a research report on Friday, July 31st. Truist Financial upped their price target on shares of 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 raised their price target on shares of Brixmor Property Group from $35.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.33.

Brixmor Property Group Stock Up 1.3%

Brixmor Property Group stock opened at $29.27 on Wednesday. The business's 50-day simple moving average is $30.90 and its two-hundred day simple moving average is $30.37. 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 cap of $8.98 billion, a PE ratio of 20.91, a PEG ratio of 2.19 and a beta of 0.98. Brixmor Property Group Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $32.86.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.34). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The firm had revenue of $354.20 million during the quarter, compared to analysts' expectations of $354.39 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.3075 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. Brixmor Property Group's dividend payout ratio (DPR) is currently 87.86%.

Brixmor Property Group Company 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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