Franklin Resources Inc. Buys 51,778 Shares of Brixmor Property Group Inc. $BRX

Franklin Resources Inc. grew its stake in Brixmor Property Group Inc. (NYSE:BRX) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,237,955 shares of the real estate investment trust’s stock after buying an additional 51,778 shares during the quarter. Franklin Resources Inc. owned approximately 4.00% of Brixmor Property Group worth $338,747,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Royal Bank of Canada grew its stake 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 during the period. Goldman Sachs Group Inc. increased its holdings in Brixmor Property Group by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock worth $45,231,000 after acquiring an additional 89,827 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Brixmor Property Group by 4.4% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 220,104 shares of the real estate investment trust’s stock worth $5,732,000 after acquiring an additional 9,215 shares during the period. ProShare Advisors LLC raised its stake in Brixmor Property Group by 4.2% during the 2nd quarter. ProShare Advisors LLC now owns 13,571 shares of the real estate investment trust’s stock worth $353,000 after acquiring an additional 542 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Brixmor Property Group by 145.7% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 213,318 shares of the real estate investment trust’s stock valued at $5,555,000 after purchasing an additional 126,499 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BRX shares. Truist Financial upped their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Piper Sandler raised their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. JPMorgan Chase & Co. lifted their target price on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. UBS Group upped their target price on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.82.

Brixmor Property Group Stock Down 0.0%

NYSE BRX opened at $29.89 on Thursday. Brixmor Property Group Inc. has a 12 month low of $22.28 and a 12 month high of $30.70. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.83. The stock has a market cap of $9.16 billion, a PE ratio of 23.72, a P/E/G ratio of 2.69 and a beta of 1.06. The stock’s 50 day moving average is $27.93 and its 200 day moving average is $27.20.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $353.75 million during the quarter, compared to analyst estimates of $347.42 million. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. Research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS 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. Investors of record on Thursday, April 2nd will be paid a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 97.62%.

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of Brixmor Property Group stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total value of $232,240.00. Following the sale, the director directly owned 18,400 shares in the company, valued at approximately $534,152. The trade was a 30.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

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.