Envestnet Asset Management Inc. Increases Holdings in Brixmor Property Group Inc. $BRX

Envestnet Asset Management Inc. boosted its position in Brixmor Property Group Inc. (NYSE:BRX) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,271 shares of the real estate investment trust’s stock after purchasing an additional 18,808 shares during the period. Envestnet Asset Management Inc. owned about 0.16% of Brixmor Property Group worth $13,737,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Brixmor Property Group by 39.9% in the first quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock valued at $5,405,000 after buying an additional 58,058 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Brixmor Property Group by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock valued at $45,231,000 after purchasing an additional 89,827 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Brixmor Property Group by 4.7% during the second quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 451 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Brixmor Property Group in the 2nd quarter valued at about $535,000. Finally, Mutual of America Capital Management LLC raised its position in shares of Brixmor Property Group by 48.1% in the second quarter. Mutual of America Capital Management LLC now owns 233,136 shares of the real estate investment trust’s stock valued at $6,071,000 after buying an additional 75,679 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of the business’s stock in a transaction 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 owned 18,400 shares of the company’s stock, valued at $534,152. The trade was a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock opened at $29.27 on Tuesday. Brixmor Property Group Inc. has a 52 week low of $22.28 and a 52 week high of $29.42. The stock has a market cap of $8.97 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. The company’s 50-day moving average price is $26.55 and its two-hundred day moving average price is $26.78. 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 (NYSE:BRX) last issued 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. 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 analysts’ expectations of $347.42 million. During the same quarter last year, the business posted $0.53 EPS. Brixmor Property Group’s revenue was up 7.7% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be paid a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, April 2nd. Brixmor Property Group’s payout ratio is presently 97.62%.

Analyst Ratings Changes

BRX has been the topic of a number of research analyst reports. Wells Fargo & Company initiated coverage on Brixmor Property Group in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price target on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. JPMorgan Chase & Co. upped their price target 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. UBS Group increased 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. Finally, Scotiabank dropped their target price on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

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.