Canada Pension Plan Investment Board Purchases New Shares in Brixmor Property Group Inc. $BRX

Canada Pension Plan Investment Board bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,721,720 shares of the real estate investment trust’s stock, valued at approximately $180,406,000. Canada Pension Plan Investment Board owned approximately 1.86% of Brixmor Property Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Clearstead Advisors LLC increased 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 period. Cassaday & Co Wealth Management LLC bought a new stake in Brixmor Property Group in the 1st quarter valued at about $26,000. Jones Financial Companies Lllp bought a new stake in Brixmor Property Group in the 2nd quarter valued at about $29,000. Allworth Financial LP acquired a new position in shares of Brixmor Property Group during the 2nd quarter worth approximately $29,000. Finally, Loomis Sayles & Co. L P grew its position in shares of Brixmor Property Group by 1,215.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,130 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $29.40 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. The stock has a market cap of $9.02 billion, a PE ratio of 21.00, a P/E/G ratio of 2.24 and a beta of 0.98. Brixmor Property Group Inc. has a 12-month low of $24.66 and a 12-month high of $32.86. The business’s 50-day moving average price is $31.07 and its two-hundred day moving average price is $30.36.

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

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a dividend of $0.3075 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. Brixmor Property Group’s payout ratio is currently 87.86%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Truist Financial increased their price target on Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a research note on Thursday, July 23rd. Evercore raised Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Piper Sandler increased their target price on Brixmor Property Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus price target 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.