J. Goldman & Co LP bought a new stake in Brixmor Property Group Inc. (NYSE:BRX – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 593,147 shares of the real estate investment trust’s stock, valued at approximately $18,702,000.
A number of other institutional investors have also added to or reduced their stakes in BRX. Cassaday & Co Wealth Management LLC bought a new stake in shares of Brixmor Property Group in the 1st quarter valued at about $26,000. Jones Financial Companies Lllp bought a new position in Brixmor Property Group during the second quarter worth about $29,000. Allworth Financial LP bought a new position in shares of Brixmor Property Group during the 2nd quarter worth approximately $29,000. Clearstead Advisors LLC boosted its stake 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 acquiring an additional 495 shares during the period. Finally, Loomis Sayles & Co. L P increased 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 last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
BRX has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. Piper Sandler raised their target price on shares of Brixmor Property Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. UBS Group lifted their target price on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Wells Fargo & Company upgraded shares of Brixmor Property Group to a “hold” rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.
Brixmor Property Group Trading Down 0.2%
BRX opened at $29.52 on Wednesday. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 2.24 and a beta of 0.98. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $32.86. The company has a 50-day simple moving average of $31.10 and a 200 day simple moving average of $30.35.
Brixmor Property Group (NYSE:BRX – Get Free Report) last issued its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share 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 during the quarter, compared to analyst estimates of $354.39 million. During the same period in the prior year, the business posted $0.56 EPS. 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. Analysts predict that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.
Brixmor Property Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a $0.3075 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a dividend 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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