Entropy Technologies LP boosted its position in Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 435.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,404 shares of the real estate investment trust’s stock after purchasing an additional 82,460 shares during the period. Entropy Technologies LP’s holdings in Brixmor Property Group were worth $2,920,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of BRX. Principal Financial Group Inc. grew its holdings in shares of Brixmor Property Group by 686.1% during the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock worth $149,083,000 after purchasing an additional 4,518,001 shares during the last quarter. Norges Bank acquired a new position in shares of Brixmor Property Group in the fourth quarter valued at approximately $112,307,000. Centersquare Investment Management LLC raised its holdings in Brixmor Property Group by 22.5% in the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock valued at $324,722,000 after buying an additional 2,275,242 shares during the last quarter. Wellington Management Group LLP raised its holdings in Brixmor Property Group by 49.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock valued at $177,041,000 after buying an additional 2,119,890 shares during the last quarter. Finally, Heitman Real Estate Securities LLC acquired a new stake in Brixmor Property Group during the 4th quarter worth approximately $48,503,000. 98.43% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on BRX shares. Stifel Nicolaus boosted their target price on shares of Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. Jefferies Financial Group raised shares of Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. UBS Group lifted their price target on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler increased their price objective on Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $33.75.
Brixmor Property Group Stock Performance
Shares of BRX stock opened at $32.45 on Friday. The stock has a market capitalization of $9.96 billion, a PE ratio of 22.53, a PEG ratio of 2.72 and a beta of 0.98. The business’s 50 day simple moving average is $31.34 and its 200 day simple moving average is $29.68. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.86.
Brixmor Property Group (NYSE:BRX – Get Free Report) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.16. The firm had revenue of $354.82 million during 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 company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, research analysts forecast that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.
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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