Ceredex Value Advisors LLC Buys New Stake in Brixmor Property Group Inc. $BRX

Ceredex Value Advisors LLC purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, HoldingsChannel.com reports. The fund purchased 323,350 shares of the real estate investment trust’s stock, valued at approximately $10,195,000.

A number of other institutional investors also recently bought and sold shares of BRX. Royal Bank of Canada increased its holdings in shares of Brixmor Property Group by 39.9% in the 1st quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock valued at $5,405,000 after acquiring an additional 58,058 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Brixmor Property Group by 5.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock worth $45,231,000 after purchasing an additional 89,827 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 worth $48,000 after purchasing an additional 557 shares during the last quarter. Marshall Wace LLP acquired a new position in Brixmor Property Group in the second quarter valued at approximately $6,048,000. Finally, Gamco Investors INC. ET AL acquired a new position in Brixmor Property Group in the second quarter valued at approximately $435,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BRX has been the subject of a number of research analyst reports. Evercore raised Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. UBS Group increased their price target on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a report on Friday, June 26th. Piper Sandler lifted their price target on shares of Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Finally, KeyCorp boosted their price objective on shares of Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Brixmor Property Group presently has an average rating of “Moderate Buy” and an average price target of $34.33.

Brixmor Property Group Trading Down 0.8%

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 50-day moving average of $31.26 and a 200-day moving average of $30.29. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $9.05 billion, a P/E ratio of 21.07, a P/E/G ratio of 2.25 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last released its earnings results 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 company had revenue of $354.20 million during the quarter, compared to analyst estimates of $354.39 million. During the same period in the prior year, the business posted $0.56 earnings per share. 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. As a group, equities analysts predict that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders 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 yield of 4.2%. Brixmor Property Group’s dividend payout ratio is currently 87.86%.

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.