Westpac Banking Corp Buys New Position in Brixmor Property Group Inc. $BRX

Westpac Banking Corp bought a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 46,095 shares of the real estate investment trust’s stock, valued at approximately $1,453,000.

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 Brixmor Property Group by 96.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 495 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Brixmor Property Group in the first quarter worth approximately $26,000. Allworth Financial LP bought a new position in Brixmor Property Group during the 2nd quarter valued at $29,000. Loomis Sayles & Co. L P boosted its stake in Brixmor Property Group by 1,215.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,130 shares in the last quarter. Finally, SHP Wealth Management acquired a new position in shares of Brixmor Property Group during the 4th quarter valued at $34,000. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $29.31 on Friday. The company has a market capitalization of $8.99 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.22 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 fifty day moving average of $31.19 and a 200-day moving average of $30.29. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.86.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). The company had revenue of $354.20 million during 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%.The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, equities analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.2%. Brixmor Property Group’s dividend payout ratio (DPR) is 87.86%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BRX. Wells Fargo & Company raised Brixmor Property Group to a “hold” rating in a research note on Thursday, July 23rd. KeyCorp boosted their price target on shares of Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. BMO Capital Markets upped their price target on shares of Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Piper Sandler upped their price target on shares of Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Stifel Nicolaus raised their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average 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.