Brixmor Property Group Inc. $BRX Shares Sold by ING Groep NV

ING Groep NV lowered its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 34.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 388,800 shares of the real estate investment trust’s stock after selling 200,000 shares during the quarter. ING Groep NV’s holdings in Brixmor Property Group were worth $10,762,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Brixmor Property Group during the 2nd quarter worth about $101,506,000. Prudential Financial Inc. boosted its stake in shares of Brixmor Property Group by 160.7% in the 2nd quarter. Prudential Financial Inc. now owns 2,924,404 shares of the real estate investment trust’s stock valued at $76,151,000 after buying an additional 1,802,813 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Brixmor Property Group by 60.6% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,217,092 shares of the real estate investment trust’s stock worth $109,813,000 after buying an additional 1,590,940 shares in the last quarter. Hudson Bay Capital Management LP grew its position in shares of Brixmor Property Group by 163.7% during the second quarter. Hudson Bay Capital Management LP now owns 2,245,273 shares of the real estate investment trust’s stock worth $58,467,000 after buying an additional 1,393,811 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of Brixmor Property Group by 10.1% during the second quarter. Franklin Resources Inc. now owns 12,186,177 shares of the real estate investment trust’s stock worth $317,328,000 after buying an additional 1,115,148 shares during the period. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Trading Down 1.1%

NYSE BRX opened at $28.52 on Thursday. The firm’s fifty day moving average price is $26.31 and its 200 day moving average price is $26.71. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $29.05. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 1.19. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.56 and a beta of 1.10.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $353.75 million during the quarter, compared to the consensus estimate of $347.42 million. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. Brixmor Property Group’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. On average, sell-side analysts expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.3075 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.23 annualized dividend and a yield of 4.3%. Brixmor Property Group’s payout ratio is 97.62%.

Wall Street Analyst Weigh In

BRX has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Wells Fargo & Company assumed coverage on shares of Brixmor Property Group in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Scotiabank cut their price target on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, January 14th. Finally, UBS Group lifted their price target on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group has a consensus rating of “Moderate Buy” and a consensus target price of $30.30.

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.