Hsbc Holdings PLC purchased a new position in Brixmor Property Group Inc. (NYSE:BRX – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 1,402,911 shares of the real estate investment trust’s stock, valued at approximately $44,352,000.
A number of other institutional investors have also recently made changes to their positions in BRX. BlackRock Inc. purchased a new stake in shares of Brixmor Property Group during the 2nd quarter valued at $1,265,950,000. Canada Pension Plan Investment Board purchased a new stake in Brixmor Property Group during the second quarter valued at about $180,406,000. Principal Financial Group Inc. lifted its stake in 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 bought a new stake in Brixmor Property Group during the fourth quarter worth about $112,307,000. Finally, Deutsche Bank AG purchased a new position in shares of Brixmor Property Group in the 2nd quarter worth about $122,922,000. Institutional investors own 98.43% of the company’s stock.
Analysts Set New Price Targets
BRX has been the topic of several recent research reports. Jefferies Financial Group upgraded Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. UBS Group upped their target price on Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Wells Fargo & Company upgraded shares of Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, BMO Capital Markets boosted their price objective 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 assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.
Brixmor Property Group Stock Down 0.3%
BRX opened at $29.40 on Thursday. The company has a market cap of $9.02 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.24 and a beta of 0.98. The business’s 50-day moving average price is $31.07 and its 200-day moving average price is $30.36. 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 Inc. has a 12 month low of $24.66 and a 12 month high of $32.86.
Brixmor Property Group (NYSE:BRX – Get Free Report) last issued its 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). The company had revenue of $354.20 million for the quarter, compared to analysts’ expectations of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, equities analysts expect that Brixmor Property Group Inc. will post 2.36 EPS for the current year.
Brixmor Property Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a $0.3075 dividend. 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%.
Brixmor Property Group 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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