Cibc World Market Inc. Takes $11.74 Million Position in Brixmor Property Group Inc. $BRX

Cibc World Market Inc. acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 447,835 shares of the real estate investment trust’s stock, valued at approximately $11,742,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BRX. Clearstead Advisors LLC raised its holdings in shares of Brixmor Property Group by 96.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 495 shares during the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $42,000. Bayforest Capital Ltd acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $44,000. EverSource Wealth Advisors LLC raised its holdings in shares of Brixmor Property Group by 43.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 557 shares during the last quarter. Finally, Avalon Trust Co acquired a new stake in shares of Brixmor Property Group in the third quarter valued at approximately $62,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BRX shares. JPMorgan Chase & Co. lifted their price objective on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Wells Fargo & Company boosted their target price on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Piper Sandler boosted their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Stifel Nicolaus boosted their target price on shares of Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. Finally, UBS Group boosted their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.64.

Brixmor Property Group Price Performance

Shares of BRX opened at $30.97 on Friday. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 2.56 and a beta of 0.98. Brixmor Property Group Inc. has a 1-year low of $24.66 and a 1-year high of $31.49. The company’s fifty day simple moving average is $29.97 and its 200 day simple moving average is $28.27. 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 issued its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share 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 business had revenue of $354.82 million for the quarter, compared to the consensus estimate of $349.43 million. During the same period in the previous year, the company earned $0.56 earnings per share. The firm’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. On average, research analysts forecast that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be issued a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, July 2nd. Brixmor Property Group’s payout ratio is currently 85.42%.

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.