Brixmor Property Group Inc. $BRX Position Cut by Centersquare Investment Management LLC

Centersquare Investment Management LLC lessened its position in Brixmor Property Group Inc. (NYSE:BRX) by 3.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,109,284 shares of the real estate investment trust’s stock after selling 329,332 shares during the period. Brixmor Property Group makes up 2.8% of Centersquare Investment Management LLC’s portfolio, making the stock its 11th biggest position. Centersquare Investment Management LLC owned approximately 3.30% of Brixmor Property Group worth $279,825,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Aew Capital Management L P grew its holdings in Brixmor Property Group by 75.6% in the 3rd quarter. Aew Capital Management L P now owns 2,882,414 shares of the real estate investment trust’s stock worth $79,785,000 after buying an additional 1,241,326 shares in the last quarter. Compound Planning Inc. acquired a new position in Brixmor Property Group during the 3rd quarter valued at about $239,000. Avalon Trust Co acquired a new stake in shares of Brixmor Property Group in the 3rd quarter worth approximately $62,000. Dover Advisors LLC increased its stake in shares of Brixmor Property Group by 47.7% during the third quarter. Dover Advisors LLC now owns 33,232 shares of the real estate investment trust’s stock valued at $920,000 after acquiring an additional 10,732 shares during the period. Finally, Syon Capital LLC acquired a new stake in Brixmor Property Group in the third quarter worth approximately $303,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

NYSE BRX opened at $30.05 on Thursday. The stock’s 50-day moving average price is $27.12 and its two-hundred day moving average price is $26.95. The company has a market cap of $9.21 billion, a PE ratio of 23.85, a PEG ratio of 2.68 and a beta of 1.10. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.83. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.11.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. The business had revenue of $353.75 million for the quarter, compared to analyst estimates of $347.42 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. The firm’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. On average, analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

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

Insider Activity

In other news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total value of $232,240.00. Following the completion of the sale, the director directly owned 18,400 shares of the company’s stock, valued at $534,152. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Piper Sandler boosted their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. UBS Group raised their price objective on shares of Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Scotiabank lowered their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.70.

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.