Westpac Banking Corp Makes New Investment in Brixmor Property Group Inc. $BRX

Westpac Banking Corp purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 31,475 shares of the real estate investment trust’s stock, valued at approximately $906,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Clearstead Advisors LLC increased its stake in shares of 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 worth $26,000 after buying an additional 495 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in Brixmor Property Group in the first quarter worth approximately $26,000. Loomis Sayles & Co. L P lifted its stake in Brixmor Property Group by 1,215.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,130 shares during the last quarter. SHP Wealth Management acquired a new position in Brixmor Property Group during the 4th quarter worth approximately $34,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in Brixmor Property Group during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. UBS Group boosted their target price on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. BMO Capital Markets increased their target price on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Piper Sandler increased their target price on Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Jefferies Financial Group upgraded Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Brixmor Property Group currently has an average rating of “Buy” and a consensus target price of $33.75.

Brixmor Property Group Stock Performance

Shares of BRX opened at $32.42 on Thursday. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98. Brixmor Property Group Inc. has a 52-week low of $24.66 and a 52-week high of $32.86. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. The stock has a 50 day moving average price of $31.23 and a 200 day moving average price of $29.62.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data 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 company had revenue of $354.82 million for the quarter, compared to analysts’ expectations of $349.43 million. During the same quarter last year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

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.