Snyder Capital Management L P Has $49.89 Million Position in Brixmor Property Group Inc. $BRX

Snyder Capital Management L P lessened its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,802,205 shares of the real estate investment trust’s stock after selling 28,038 shares during the quarter. Snyder Capital Management L P owned 0.59% of Brixmor Property Group worth $49,885,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Brixmor Property Group by 39.9% during the 1st quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock valued at $5,405,000 after acquiring an additional 58,058 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Brixmor Property Group by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock worth $45,231,000 after purchasing an additional 89,827 shares in the last quarter. Assetmark Inc. lifted its stake in Brixmor Property Group by 7.4% during the second quarter. Assetmark Inc. now owns 32,635 shares of the real estate investment trust’s stock worth $850,000 after purchasing an additional 2,241 shares during the period. State of Michigan Retirement System boosted its holdings in Brixmor Property Group by 0.5% during the second quarter. State of Michigan Retirement System now owns 73,607 shares of the real estate investment trust’s stock valued at $1,917,000 after purchasing an additional 400 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Brixmor Property Group by 16.0% during the second quarter. Bank of Montreal Can now owns 1,201,767 shares of the real estate investment trust’s stock valued at $31,294,000 after purchasing an additional 166,092 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insider Activity

In other news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total transaction of $232,240.00. Following the sale, the director directly owned 18,400 shares of the company’s stock, valued at $534,152. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.75% of the company’s stock.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $30.61 on Thursday. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $9.38 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.76 and a beta of 1.06. The business’s fifty day moving average is $27.56 and its two-hundred day moving average is $27.10. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.70.

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

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Thursday, April 2nd. Brixmor Property Group’s dividend payout ratio is presently 97.62%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BRX. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Scotiabank lowered 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 report on Wednesday, January 14th. UBS Group increased their price objective on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Piper Sandler boosted their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.70.

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.