Squarepoint Ops LLC lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX – Free Report) by 63.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,576 shares of the real estate investment trust’s stock after selling 111,458 shares during the quarter. Squarepoint Ops LLC’s holdings in Brixmor Property Group were worth $2,068,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust increased its position in Brixmor Property Group by 103.7% during the second quarter. Parkside Financial Bank & Trust now owns 876 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 446 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in Brixmor Property Group in the 1st quarter worth about $26,000. Jones Financial Companies Lllp bought a new stake in Brixmor Property Group in the 2nd quarter valued at about $29,000. Allworth Financial LP bought a new stake in Brixmor Property Group in the 2nd quarter valued at about $29,000. Finally, Clearstead Advisors LLC grew its position in shares of Brixmor Property Group by 96.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 495 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. UBS Group lifted their price target on shares of Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. Jefferies Financial Group upgraded Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. BMO Capital Markets upped their price objective on shares of Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Finally, Stifel Nicolaus raised their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average target price of $34.80.
Brixmor Property Group Trading Down 0.5%
Shares of BRX opened at $28.58 on Tuesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. Brixmor Property Group Inc. has a 52-week low of $24.66 and a 52-week high of $32.86. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.18 and a beta of 0.97. The business’s fifty day moving average is $30.43 and its 200-day moving average is $30.35.
Brixmor Property Group (NYSE:BRX – Get Free Report) last announced its quarterly earnings data 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 business had revenue of $354.20 million for the quarter, compared to the consensus estimate 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 quarterly 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. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.
Brixmor Property Group Dividend Announcement
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 paid a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 87.86%.
About Brixmor Property Group
Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily composed of grocery-anchored and necessity-based retail properties serving local communities and offering a mix of supermarkets, restaurants, service providers, and other consumer-oriented businesses.
The company’s activities include leasing retail space, managing shopping-center properties, and investing in redevelopment and property enhancements designed to support tenant performance and improve the customer experience.
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