Strs Ohio Raises Stock Position in Brixmor Property Group Inc. $BRX

Strs Ohio lifted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,511,782 shares of the real estate investment trust’s stock after acquiring an additional 31,290 shares during the quarter. Strs Ohio’s holdings in Brixmor Property Group were worth $43,539,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Brixmor Property Group in the fourth quarter valued at about $112,307,000. Centersquare Investment Management LLC lifted its stake in shares of Brixmor Property Group by 22.5% during the fourth quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after purchasing an additional 2,275,242 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Brixmor Property Group by 49.6% in the third quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock worth $177,041,000 after buying an additional 2,119,890 shares during the period. Heitman Real Estate Securities LLC purchased a new stake in shares of Brixmor Property Group in the fourth quarter worth about $48,503,000. Finally, Adelante Capital Management LLC acquired a new stake in shares of Brixmor Property Group in the third quarter valued at about $30,831,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on BRX. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. Truist Financial increased their price objective on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Stifel Nicolaus lifted their price objective on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Scotiabank boosted their target price on shares of Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, March 24th. Finally, BMO Capital Markets upped their target price on shares of Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $33.00.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $31.19 on Friday. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $32.80. The business has a 50 day simple moving average of $30.81 and a 200-day simple moving average of $29.09. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81.

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

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 yield of 3.9%. 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

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.