PGGM Investments Increases Stake in Brixmor Property Group Inc. $BRX

PGGM Investments raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 19.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,702,302 shares of the real estate investment trust’s stock after acquiring an additional 615,341 shares during the period. Brixmor Property Group makes up 1.7% of PGGM Investments’ investment portfolio, making the stock its 24th largest holding. PGGM Investments’ holdings in Brixmor Property Group were worth $102,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC grew its stake in shares of Brixmor Property Group by 36.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,875 shares of the real estate investment trust’s stock worth $1,090,000 after purchasing an additional 11,096 shares during the period. Acadian Asset Management LLC purchased a new stake in Brixmor Property Group during the first quarter worth about $1,149,000. Sequoia Financial Advisors LLC acquired a new position in Brixmor Property Group during the second quarter worth about $535,000. Park Avenue Securities LLC purchased a new position in Brixmor Property Group in the second quarter valued at about $930,000. Finally, Westwood Holdings Group Inc. increased its holdings in Brixmor Property Group by 27.2% in the second quarter. Westwood Holdings Group Inc. now owns 579,142 shares of the real estate investment trust’s stock valued at $15,081,000 after buying an additional 123,695 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BRX shares. Wells Fargo & Company began coverage on Brixmor Property Group in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price target on the stock. UBS Group boosted their target price on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. upped their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Finally, Scotiabank lowered their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Wednesday. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.30.

Brixmor Property Group Stock Performance

NYSE BRX opened at $26.06 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $28.61. The business has a fifty day moving average of $25.98 and a 200-day moving average of $26.53. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 2.29 and a beta of 1.09.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.56 EPS for the quarter, meeting analysts’ consensus estimates of $0.56. The business had revenue of $340.84 million for the quarter, compared to analyst estimates of $335.23 million. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. As a group, analysts predict that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, January 5th were given a $0.3075 dividend. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, January 5th. Brixmor Property Group’s dividend payout ratio (DPR) is presently 112.84%.

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.