Legal & General Group Plc Buys 121,980 Shares of Brixmor Property Group Inc. $BRX

Legal & General Group Plc increased its stake in shares of Brixmor Property Group Inc. (NYSE:BRXFree Report) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,985,063 shares of the real estate investment trust’s stock after acquiring an additional 121,980 shares during the quarter. Legal & General Group Plc owned approximately 0.65% of Brixmor Property Group worth $52,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of BRX. Wellington Management Group LLP grew its position in Brixmor Property Group by 49.6% during the 3rd quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock worth $177,041,000 after acquiring an additional 2,119,890 shares during the last quarter. Aew Capital Management L P grew its position in Brixmor Property Group by 75.6% during the 3rd quarter. Aew Capital Management L P now owns 2,882,414 shares of the real estate investment trust’s stock worth $79,785,000 after acquiring an additional 1,241,326 shares during the last quarter. Adelante Capital Management LLC bought a new position in Brixmor Property Group during the 3rd quarter worth approximately $30,831,000. SG Americas Securities LLC grew its position in Brixmor Property Group by 2,455.7% during the 4th quarter. SG Americas Securities LLC now owns 1,125,634 shares of the real estate investment trust’s stock worth $29,514,000 after acquiring an additional 1,081,590 shares during the last quarter. Finally, Arbejdsmarkedets Tillaegspension bought a new position in Brixmor Property Group during the 4th quarter worth approximately $24,297,000. 98.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company raised their price target on Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price target on Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Piper Sandler lifted their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Truist Financial lifted their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.64.

View Our Latest Analysis on BRX

Brixmor Property Group Price Performance

Shares of BRX stock opened at $30.52 on Friday. The firm has a market cap of $9.36 billion, a P/E ratio of 21.19, a P/E/G ratio of 2.54 and a beta of 1.00. Brixmor Property Group Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $31.49. The business’s 50 day moving average price is $29.82 and its 200-day moving average price is $28.14. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31.

Brixmor Property Group (NYSE:BRXGet Free Report) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. The firm had revenue of $354.82 million for the quarter, compared to analyst estimates of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. On average, equities research analysts anticipate that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be paid a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 85.42%.

Brixmor Property Group Company 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.

See Also

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

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