Algert Global LLC Trims Stake in Brixmor Property Group Inc. $BRX

Algert Global LLC lowered its stake in Brixmor Property Group Inc. (NYSE:BRX) by 10.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 571,095 shares of the real estate investment trust’s stock after selling 64,724 shares during the quarter. Algert Global LLC owned about 0.19% of Brixmor Property Group worth $15,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in BRX. 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 during the last quarter. Franklin Resources Inc. boosted its stake in Brixmor Property Group by 0.4% during the third quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock worth $338,747,000 after buying an additional 51,778 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in 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 during the last quarter. Invesco Ltd. grew its stake in shares of Brixmor Property Group by 6.8% during the third quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock valued at $222,457,000 after buying an additional 511,976 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Brixmor Property Group by 49.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock valued at $177,041,000 after acquiring an additional 2,119,890 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Julie Bowerman sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were 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 approximately $534,152. This trade represents a 30.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Scotiabank decreased their target price on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 14th. Truist Financial boosted their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Piper Sandler upped their target price on Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Finally, UBS Group raised their price objective on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.82.

Brixmor Property Group Trading Down 0.2%

Shares of NYSE:BRX opened at $29.63 on Friday. The business’s 50 day moving average price is $28.07 and its 200-day moving average price is $27.23. Brixmor Property Group Inc. has a 1 year low of $22.28 and a 1 year high of $30.70. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.66 and a beta of 1.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 1.11.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $353.75 million during the quarter, compared to analyst estimates of $347.42 million. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. On average, equities research analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share 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 given a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, April 2nd. Brixmor Property Group’s dividend 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.