Man Group plc Invests $4.18 Million in Brixmor Property Group Inc. $BRX

Man Group plc purchased a new position in Brixmor Property Group Inc. (NYSE:BRXFree Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 132,551 shares of the real estate investment trust’s stock, valued at approximately $4,179,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Clearstead Advisors LLC grew its stake 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 in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Brixmor Property Group in the 1st quarter valued at approximately $26,000. Jones Financial Companies Lllp acquired a new position in shares of Brixmor Property Group in the 2nd quarter valued at approximately $29,000. Allworth Financial LP bought a new stake in shares of Brixmor Property Group during the 2nd quarter worth approximately $29,000. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Brixmor Property Group by 1,215.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,130 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 0.1%

Shares of Brixmor Property Group stock opened at $29.19 on Monday. The firm has a market capitalization of $8.96 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The firm’s 50 day moving average is $31.00 and its 200 day moving average is $30.37. Brixmor Property Group Inc. has a 1 year low of $24.66 and a 1 year high of $32.86.

Brixmor Property Group (NYSE:BRXGet Free Report) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). The company had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.Brixmor Property Group’s revenue for the quarter 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. Equities research analysts forecast that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a dividend of $0.3075 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. Brixmor Property Group’s dividend payout ratio is 87.86%.

Analysts Set New Price Targets

BRX has been the topic of a number of recent analyst reports. KeyCorp lifted their price objective on shares of Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. 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 raised Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. Stifel Nicolaus lifted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a report on Friday, June 26th. Two equities research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.33.

View Our Latest Research Report on BRX

Brixmor Property Group 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.

Further Reading

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

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