JPMorgan Chase & Co. Has $116.48 Million Stock Position in Brixmor Property Group Inc. $BRX

JPMorgan Chase & Co. grew its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 13.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,208,068 shares of the real estate investment trust’s stock after acquiring an additional 500,819 shares during the period. JPMorgan Chase & Co. owned 1.37% of Brixmor Property Group worth $116,481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in 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 worth $5,405,000 after purchasing an additional 58,058 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Brixmor Property Group by 5.6% during 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 buying an additional 89,827 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Brixmor Property Group by 3.4% during the second quarter. Asset Management One Co. Ltd. now owns 459,661 shares of the real estate investment trust’s stock worth $11,970,000 after buying an additional 14,967 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Brixmor Property Group by 1.5% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 338,513 shares of the real estate investment trust’s stock worth $8,815,000 after buying an additional 5,131 shares in the last quarter. Finally, Ingalls & Snyder LLC boosted its position in shares of Brixmor Property Group by 0.9% in the second quarter. Ingalls & Snyder LLC now owns 112,870 shares of the real estate investment trust’s stock valued at $2,939,000 after acquiring an additional 1,058 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Ratings Changes

BRX has been the subject of several analyst reports. UBS Group lifted their price objective on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Piper Sandler lifted their price target 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. boosted their price target on Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Finally, Scotiabank dropped their price objective on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 14th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $30.70.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX opened at $29.67 on Monday. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $29.71. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.67 and a beta of 1.10. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 1.11. The company’s 50 day simple moving average is $26.87 and its 200 day simple moving average is $26.87.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Brixmor Property Group had a return on equity of 13.00% and a net margin of 28.16%.The firm had revenue of $353.75 million for the quarter, compared to the consensus estimate of $347.42 million. During the same quarter last year, the business posted $0.53 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. As a group, research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be issued a dividend of $0.3075 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.23 annualized dividend and a dividend yield of 4.1%. Brixmor Property Group’s payout ratio is 97.62%.

Insider Activity

In related news, Director Julie Bowerman sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total transaction of $232,240.00. Following the completion of the transaction, the director directly owned 18,400 shares in the company, valued at $534,152. This represents a 30.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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.