Fox Run Management L.L.C. Purchases Shares of 37,536 Brixmor Property Group Inc. $BRX

Fox Run Management L.L.C. purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the 4th quarter, Holdings Channel reports. The firm purchased 37,536 shares of the real estate investment trust’s stock, valued at approximately $984,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BRX. Clearstead Advisors LLC increased its stake in Brixmor Property Group by 96.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 495 shares during the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new stake in Brixmor Property Group in the 4th quarter valued at $42,000. Bayforest Capital Ltd acquired a new stake in Brixmor Property Group in the 4th quarter valued at $44,000. EverSource Wealth Advisors LLC increased its stake in Brixmor Property Group by 43.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 557 shares during the last quarter. Finally, Avalon Trust Co acquired a new stake in Brixmor Property Group in the 3rd quarter valued at $62,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler lifted their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. Stifel Nicolaus lifted their price target on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Wells Fargo & Company lifted their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. Finally, Truist Financial lifted their price objective on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $32.64.

Brixmor Property Group Stock Performance

Shares of BRX opened at $31.92 on Thursday. The firm has a 50-day moving average of $30.15 and a 200-day moving average of $28.40. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.29. The company has a market cap of $9.80 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.63 and a beta of 0.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The company had revenue of $354.82 million during the quarter, compared to the consensus estimate of $349.43 million. During the same quarter last year, the firm posted $0.56 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be given a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 85.42%.

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.