Brixmor Property Group Inc. $BRX Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 3.7% in the 4th quarter, HoldingsChannel reports. The fund owned 469,722 shares of the real estate investment trust’s stock after acquiring an additional 16,812 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Brixmor Property Group were worth $12,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BRX. Royal Bank of Canada increased its holdings in shares of Brixmor Property Group by 39.9% during the 1st quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock worth $5,405,000 after buying an additional 58,058 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Brixmor Property Group by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock worth $45,231,000 after buying an additional 89,827 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Brixmor Property Group by 43.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 557 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Brixmor Property Group during the 2nd quarter worth $6,048,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Brixmor Property Group during the 2nd quarter worth $435,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Up 0.1%

Shares of Brixmor Property Group stock opened at $30.09 on Wednesday. The company has a fifty day moving average price of $29.84 and a 200 day moving average price of $28.17. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $31.49. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 2.49 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The firm had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $349.43 million. During the same period in the prior year, the company earned $0.56 EPS. The firm’s revenue was up 5.1% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Equities research analysts forecast that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be given a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio is presently 85.42%.

Analysts Set New Price Targets

BRX has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Piper Sandler upped their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Stifel Nicolaus upped their price objective on Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. Scotiabank upped their price objective on Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a report on Tuesday, March 24th. Finally, Wells Fargo & Company upped their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.64.

About Brixmor Property Group

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.