Great Lakes Advisors LLC Buys Shares of 122,587 Brixmor Property Group Inc. $BRX

Great Lakes Advisors LLC purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 122,587 shares of the real estate investment trust’s stock, valued at approximately $3,865,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Clearstead Advisors LLC grew its position 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 in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Brixmor Property Group during the 1st quarter worth approximately $26,000. Loomis Sayles & Co. L P increased its position in Brixmor Property Group by 1,215.1% during 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 buying an additional 1,130 shares during the period. SHP Wealth Management purchased a new stake in Brixmor Property Group in the fourth quarter valued at approximately $34,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.8%

Shares of NYSE:BRX opened at $29.50 on Friday. Brixmor Property Group Inc. has a 12-month low of $24.66 and a 12-month high of $32.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The stock’s 50-day moving average price is $31.26 and its two-hundred day moving average price is $30.29. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.25 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last released 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). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The business had revenue of $354.20 million during the quarter, compared to analyst estimates of $354.39 million. During the same period in the previous year, the company earned $0.56 EPS. Brixmor Property Group’s revenue was up 4.3% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, research analysts forecast that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.3075 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 87.86%.

Wall Street Analyst Weigh In

Several analysts recently commented on BRX shares. UBS Group upped their price target on shares of Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Stifel Nicolaus upped their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. Jefferies Financial Group raised shares of Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Citigroup raised their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

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.