Brixmor Property Group Inc. $BRX Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 8.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 228,899 shares of the real estate investment trust’s stock after selling 22,479 shares during the period. The Manufacturers Life Insurance Company owned about 0.07% of Brixmor Property Group worth $6,592,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Clearstead Advisors LLC raised its position 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 worth $26,000 after acquiring an additional 495 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Brixmor Property Group in the first quarter valued at approximately $26,000. Loomis Sayles & Co. L P grew its position in shares of 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 valued at $32,000 after purchasing an additional 1,130 shares during the last quarter. SHP Wealth Management purchased a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $34,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $42,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Down 0.9%

BRX stock opened at $30.91 on Thursday. The stock has a market capitalization of $9.48 billion, a P/E ratio of 22.08, a PEG ratio of 2.36 and a beta of 0.98. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.86. The company has a 50 day moving average price of $31.49 and a two-hundred day moving average price of $30.03.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.34). The business had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.Brixmor Property Group’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, sell-side analysts expect that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 annualized dividend and a yield of 4.0%. Brixmor Property Group’s payout ratio is 87.86%.

Analyst Upgrades and Downgrades

BRX has been the topic of a number of recent research reports. Wells Fargo & Company raised Brixmor Property Group to a “hold” rating in a research note on Thursday, July 23rd. KeyCorp boosted their price target on Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. Finally, Truist Financial boosted their target price on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and an average target price of $34.00.

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.