Brixmor Property Group Inc. $BRX Shares Purchased by APG Asset Management US Inc.

APG Asset Management US Inc. grew its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 22.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,405,763 shares of the real estate investment trust’s stock after purchasing an additional 261,364 shares during the quarter. APG Asset Management US Inc. owned 0.46% of Brixmor Property Group worth $38,448,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in Brixmor Property Group by 0.5% during the second quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock valued at $408,813,000 after buying an additional 81,497 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Brixmor Property Group by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 12,186,177 shares of the real estate investment trust’s stock valued at $317,328,000 after acquiring an additional 1,115,148 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Brixmor Property Group by 3.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock valued at $214,040,000 after purchasing an additional 272,616 shares in the last quarter. Invesco Ltd. grew its stake in shares of Brixmor Property Group by 16.3% in the 2nd quarter. Invesco Ltd. now owns 7,524,752 shares of the real estate investment trust’s stock worth $195,945,000 after purchasing an additional 1,056,827 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Brixmor Property Group by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 6,021,693 shares of the real estate investment trust’s stock worth $156,829,000 after purchasing an additional 52,389 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $29.03, for a total value of $232,240.00. Following the transaction, the director directly owned 18,400 shares of the company’s stock, valued at $534,152. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.75% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BRX shares. UBS Group lifted their price target on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Piper Sandler lifted their target price on Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. JPMorgan Chase & Co. increased their price target on Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Finally, Scotiabank dropped their price target on 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. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.70.

Brixmor Property Group Stock Performance

BRX stock opened at $30.27 on Friday. The firm has a 50 day simple moving average of $27.30 and a 200 day simple moving average of $27.01. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $30.68. The stock has a market cap of $9.28 billion, a P/E ratio of 24.02, a P/E/G ratio of 2.72 and a beta of 1.10. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 1.11.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping 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 company had revenue of $353.75 million during the quarter, compared to the consensus estimate of $347.42 million. During the same quarter in the prior year, the firm earned $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. Research analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company 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 $0.3075 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.1%. Brixmor Property Group’s payout ratio is 97.62%.

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.