Public Employees Retirement System of Ohio Purchases Shares of 656,264 Brixmor Property Group Inc. $BRX

Public Employees Retirement System of Ohio purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, Holdings Channel reports. The fund purchased 656,264 shares of the real estate investment trust’s stock, valued at approximately $20,692,000.

Several other large investors have also recently made changes to their positions in BRX. BlackRock Inc. purchased a new position in shares of Brixmor Property Group during the second quarter worth $1,265,950,000. Canada Pension Plan Investment Board acquired a new position in shares of Brixmor Property Group in the second quarter valued at approximately $180,406,000. Principal Financial Group Inc. increased its stake in Brixmor Property Group by 686.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock worth $149,083,000 after buying an additional 4,518,001 shares during the period. Norges Bank acquired a new stake in Brixmor Property Group during the 4th quarter worth approximately $112,307,000. Finally, Deutsche Bank AG acquired a new stake in Brixmor Property Group during the 2nd quarter worth approximately $122,922,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Trading Up 0.3%

NYSE:BRX opened at $29.19 on Friday. Brixmor Property Group Inc. has a 1 year low of $24.66 and a 1 year high of $32.86. The stock has a market cap of $8.96 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.21 and a beta of 0.98. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50-day simple moving average of $31.00 and a 200-day simple moving average of $30.35.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.34). The business had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.Brixmor Property Group’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, analysts anticipate that Brixmor Property Group Inc. will post 2.36 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 Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. Brixmor Property Group’s dividend payout ratio is presently 87.86%.

Analyst Ratings Changes

BRX has been the subject of several research reports. UBS Group boosted their price target on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Stifel Nicolaus increased their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a research note on Thursday, July 23rd. Piper Sandler boosted their price objective on Brixmor Property Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Finally, Truist Financial upped their target price on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

About Brixmor Property Group

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.