RWC Asset Management LLP lowered its stake in shares of Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 839,946 shares of the real estate investment trust’s stock after selling 31,614 shares during the period. Brixmor Property Group makes up 1.1% of RWC Asset Management LLP’s portfolio, making the stock its 27th biggest position. RWC Asset Management LLP’s holdings in Brixmor Property Group were worth $22,023,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC boosted its holdings in Brixmor Property Group by 96.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 495 shares during the last quarter. Atlantic Edge Private Wealth Management LLC bought a new position in Brixmor Property Group during the fourth quarter worth about $42,000. Bayforest Capital Ltd bought a new position in Brixmor Property Group during the fourth quarter worth about $44,000. EverSource Wealth Advisors LLC boosted its holdings in Brixmor Property Group by 43.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 557 shares during the last quarter. Finally, Avalon Trust Co bought a new position in Brixmor Property Group during the third quarter worth about $62,000. Institutional investors own 98.43% of the company’s stock.
Analyst Ratings Changes
BRX has been the topic of a number of recent analyst reports. Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. 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 report on Wednesday, May 27th. Scotiabank boosted their price objective on Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research report on Tuesday, March 24th. Wells Fargo & Company boosted their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.64.
Brixmor Property Group Price Performance
Shares of BRX opened at $30.97 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a 50 day simple moving average of $29.97 and a 200 day simple moving average of $28.28. Brixmor Property Group Inc. has a 52-week low of $24.66 and a 52-week high of $31.49. The firm has a market capitalization of $9.50 billion, a PE ratio of 21.50, a P/E/G ratio of 2.56 and a beta of 0.98.
Brixmor Property Group (NYSE:BRX – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.16. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The business had revenue of $354.82 million during the quarter, compared to analyst estimates of $349.43 million. During the same period in the previous year, the firm earned $0.56 EPS. Brixmor Property Group’s quarterly revenue was up 5.1% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. 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 announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be paid a $0.3075 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 annualized dividend and a yield of 4.0%. Brixmor Property Group’s payout ratio is presently 85.42%.
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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