Brixmor Property Group Inc. $BRX Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP lowered its holdings in Brixmor Property Group Inc. (NYSE:BRXFree Report) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,975,478 shares of the real estate investment trust’s stock after selling 495,409 shares during the quarter. Brixmor Property Group accounts for 0.6% of Engineers Gate Manager LP’s holdings, making the stock its 27th biggest position. Engineers Gate Manager LP’s holdings in Brixmor Property Group were worth $51,797,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Freestone Grove Partners LP acquired a new stake in shares of Brixmor Property Group in the fourth quarter worth $25,019,000. Caisse de depot et placement du Quebec acquired a new stake in shares of Brixmor Property Group in the fourth quarter worth $4,097,000. Schonfeld Strategic Advisors LLC increased its stake in shares of Brixmor Property Group by 94.9% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,003,922 shares of the real estate investment trust’s stock worth $26,323,000 after acquiring an additional 488,950 shares during the period. Jain Global LLC increased its stake in shares of Brixmor Property Group by 61.5% in the fourth quarter. Jain Global LLC now owns 1,048,842 shares of the real estate investment trust’s stock worth $27,501,000 after acquiring an additional 399,604 shares during the period. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Brixmor Property Group in the fourth quarter worth $43,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on BRX shares. Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. raised their price target on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Truist Financial raised 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 report on Wednesday, May 27th. Stifel Nicolaus raised their price target on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. Finally, BMO Capital Markets raised their price target on shares of Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average target price of $33.00.

Read Our Latest Research Report on Brixmor Property Group

Brixmor Property Group Stock Down 2.8%

BRX stock opened at $30.88 on Thursday. The firm has a market cap of $9.47 billion, a PE ratio of 21.44, a P/E/G ratio of 2.66 and a beta of 0.98. 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 firm’s fifty day moving average is $30.45 and its 200 day moving average is $28.60. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.80.

Brixmor Property Group (NYSE:BRXGet Free Report) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, beating the consensus estimate of $0.25 by $0.16. The company had revenue of $354.82 million for the quarter, compared to analyst estimates of $349.43 million. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. On average, research analysts forecast that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be given a $0.3075 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 annualized dividend and a dividend yield of 4.0%. Brixmor Property Group’s dividend payout ratio (DPR) is 85.42%.

Brixmor Property Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Brixmor Property Group (NYSE:BRX)

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