Two Sigma Securities LLC raised its position in shares of Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 203.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,442 shares of the real estate investment trust’s stock after acquiring an additional 18,406 shares during the quarter. Two Sigma Securities LLC’s holdings in Brixmor Property Group were worth $865,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clearstead Advisors LLC lifted its stake in shares of Brixmor Property Group by 96.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 495 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in Brixmor Property Group in the first quarter worth $26,000. Jones Financial Companies Lllp bought a new position in Brixmor Property Group in the second quarter worth $29,000. Allworth Financial LP purchased a new position in Brixmor Property Group during the second quarter valued at $29,000. Finally, Loomis Sayles & Co. L P lifted its position in Brixmor Property Group by 1,215.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,130 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on BRX shares. Stifel Nicolaus boosted their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. BMO Capital Markets raised their target price on shares of Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. KeyCorp lifted their target price on shares of Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Citigroup upped their price target on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Piper Sandler increased their target price on Brixmor Property Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Two equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.
Brixmor Property Group Stock Performance
BRX stock opened at $29.27 on Wednesday. The stock has a market capitalization of $8.98 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 2.19 and a beta of 0.98. Brixmor Property Group Inc. has a 12-month low of $24.66 and a 12-month high of $32.86. 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 stock’s 50 day simple moving average is $30.90 and its 200 day simple moving average is $30.37.
Brixmor Property Group (NYSE:BRX – Get Free Report) last announced its quarterly earnings results 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). Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The business had revenue of $354.20 million for the quarter, compared to the consensus estimate of $354.39 million. During the same period in the previous year, the company earned $0.56 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a dividend of $0.3075 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. Brixmor Property Group’s dividend payout ratio is 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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