Aberdeen Group plc Boosts Position in Brixmor Property Group Inc. $BRX

Aberdeen Group plc boosted its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 332.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,086,300 shares of the real estate investment trust’s stock after purchasing an additional 835,103 shares during the quarter. Aberdeen Group plc owned about 0.35% of Brixmor Property Group worth $29,808,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BRX. State Street Corp boosted its holdings in shares of Brixmor Property Group by 0.5% in the 2nd 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. grew its holdings in shares of Brixmor Property Group by 10.1% during the second quarter. Franklin Resources Inc. now owns 12,186,177 shares of the real estate investment trust’s stock worth $317,328,000 after purchasing an additional 1,115,148 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Brixmor Property Group by 3.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock worth $214,040,000 after purchasing an additional 272,616 shares in the last quarter. Invesco Ltd. lifted its holdings 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 valued at $195,945,000 after purchasing an additional 1,056,827 shares during the last quarter. Finally, Geode Capital Management LLC lifted 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 valued at $156,829,000 after purchasing an additional 52,389 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 0.8%

BRX opened at $29.27 on Tuesday. 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 Inc. has a 12 month low of $22.28 and a 12 month high of $29.42. The stock has a market capitalization of $8.97 billion, a P/E ratio of 23.23, a P/E/G ratio of 2.60 and a beta of 1.10. The business has a 50 day simple moving average of $26.55 and a 200-day simple moving average of $26.78.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $353.75 million for the quarter, compared to analysts’ expectations of $347.42 million. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. On average, equities 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 declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be paid 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 4.2%. Brixmor Property Group’s payout ratio is 97.62%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BRX. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. UBS Group raised their target price 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. Scotiabank reduced their price target on shares of 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. JPMorgan Chase & Co. raised their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company started coverage on shares of Brixmor Property Group in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $30.00.

Insider Activity at Brixmor Property Group

In related news, Director Julie Bowerman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $29.03, for a total value of $232,240.00. Following the completion of the transaction, the director directly owned 18,400 shares of the company’s stock, valued at $534,152. This trade represents a 30.30% decrease in their position. The transaction 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.

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.