Corient Private Wealth LP Invests $1.14 Million in Brixmor Property Group Inc. $BRX

Corient Private Wealth LP purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 36,093 shares of the real estate investment trust’s stock, valued at approximately $1,138,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BRX. BlackRock Inc. acquired a new position in Brixmor Property Group during the second quarter worth $1,265,950,000. State Street Corp grew its holdings in Brixmor Property Group by 0.5% during the 2nd quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock valued at $408,813,000 after buying an additional 81,497 shares in the last quarter. Centersquare Investment Management LLC grew its position in shares of Brixmor Property Group by 22.5% during the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock valued at $324,722,000 after purchasing an additional 2,275,242 shares in the last quarter. Invesco Ltd. increased its stake in Brixmor Property Group by 6.8% in the 3rd quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock worth $222,457,000 after acquiring an additional 511,976 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Brixmor Property Group by 49.6% in the third quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock worth $177,041,000 after acquiring an additional 2,119,890 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Down 0.5%

NYSE:BRX opened at $29.13 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $32.86. The company has a market cap of $8.94 billion, a PE ratio of 20.81, a P/E/G ratio of 2.22 and a beta of 0.97. The company’s 50 day moving average is $30.73 and its two-hundred day moving average is $30.37.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 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 analysts’ expectations of $354.39 million. During the same quarter in the prior year, the company posted $0.56 EPS. The company’s revenue for the quarter 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. Analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

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. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio is 87.86%.

Analysts Set New Price Targets

A number of research analysts have commented on BRX shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. 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. Stifel Nicolaus upped their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. UBS Group increased their price objective 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. Finally, Truist Financial increased their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average 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.