Public Employees Retirement System of Ohio Takes $20.69 Million Position in Brixmor Property Group Inc. $BRX

Key Points

• Public Employees Retirement System of Ohio acquired 656,264 Brixmor Property Group shares worth approximately $20.69 million, joining several institutional investors that initiated positions during the second quarter. Institutional investors and hedge funds now own 98.43% of BRX.
• Analyst sentiment is broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $34.33. Piper Sandler raised its target to $40 and upgraded the shares to “overweight.”
• Brixmor reported quarterly revenue of $354.2 million, up 4.3% year over year, but earnings per share of $0.24 fell short of the $0.58 consensus estimate. The REIT declared a quarterly dividend of $0.3075 per share, implying a 4.2% annualized yield.

Public Employees Retirement System of Ohio bought a new position in Brixmor Property Group Inc. (NYSE:BRX - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 656,264 shares of the real estate investment trust's stock, valued at approximately $20,692,000. Public Employees Retirement System of Ohio owned about 0.21% of Brixmor Property Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BRX. Adelante Capital Management LLC acquired a new stake in shares of Brixmor Property Group during the 2nd quarter worth approximately $36,219,000. Corient Private Wealth LP purchased a new stake in Brixmor Property Group during the second quarter worth $1,138,000. Bank of America Corp DE purchased a new stake in Brixmor Property Group during the second quarter worth $90,382,000. Caisse de depot et placement du Quebec acquired a new stake in Brixmor Property Group during the second quarter valued at $29,326,000. Finally, Man Group plc purchased a new position in Brixmor Property Group in the second quarter valued at $4,179,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Citigroup increased their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Wells Fargo & Company upgraded Brixmor Property Group to a "hold" rating in a research note on Thursday, July 23rd. Piper Sandler upped their price target on Brixmor Property Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Tuesday, July 21st. Stifel Nicolaus boosted their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the company a "hold" rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Brixmor Property Group in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.33.

Brixmor Property Group Stock Up 0.3%

Shares of NYSE BRX opened at $29.19 on Friday. The stock has a market cap of $8.96 billion, a PE ratio of 20.85, a P/E/G ratio of 2.21 and a beta of 0.98. The company has a 50-day moving average of $31.00 and a 200 day moving average of $30.35. Brixmor Property Group Inc. has a 12-month low of $24.66 and a 12-month high of $32.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $354.39 million. During the same period in the previous year, the firm posted $0.56 EPS. The company's revenue 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. As a group, sell-side analysts predict that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be given a dividend of $0.3075 per share. 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 payout ratio is presently 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.

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