Franklin Resources Inc. Sells 1,193,272 Shares of Brixmor Property Group Inc. $BRX

Franklin Resources Inc. trimmed its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,044,683 shares of the real estate investment trust’s stock after selling 1,193,272 shares during the period. Franklin Resources Inc.’s holdings in Brixmor Property Group were worth $289,592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Brixmor Property Group by 17.4% during the third quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 398 shares during the period. Quadrant Capital Group LLC increased its stake in Brixmor Property Group by 2.5% during the third quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock valued at $534,000 after acquiring an additional 465 shares during the period. Clearstead Advisors LLC increased its stake in Brixmor Property Group by 96.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 495 shares during the period. EverSource Wealth Advisors LLC increased its stake in Brixmor Property Group by 43.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 557 shares during the period. Finally, M&G PLC increased its stake in Brixmor Property Group by 8.2% during the third quarter. M&G PLC now owns 7,875 shares of the real estate investment trust’s stock valued at $220,000 after acquiring an additional 596 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BRX. Truist Financial boosted their price target on Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Wells Fargo & Company lifted their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. Scotiabank lifted their price objective on Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a report on Tuesday, March 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.64.

Brixmor Property Group Stock Up 2.9%

Shares of BRX opened at $31.84 on Wednesday. The company has a market capitalization of $9.77 billion, a P/E ratio of 22.11, a PEG ratio of 2.56 and a beta of 0.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $31.91. The business’s 50 day simple moving average is $30.09 and its 200-day simple moving average is $28.36.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.25 by $0.16. The business had revenue of $354.82 million for the quarter, compared to the consensus estimate of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.Brixmor Property Group’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, sell-side analysts predict that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be issued a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Brixmor Property Group’s payout ratio is presently 85.42%.

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.