OVERSEA CHINESE BANKING Corp Ltd Purchases Shares of 120,718 Brixmor Property Group Inc. $BRX

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, HoldingsChannel reports. The fund acquired 120,718 shares of the real estate investment trust’s stock, valued at approximately $3,806,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Advisors LLC grew its holdings in Brixmor Property Group by 96.9% during the 4th 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 last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Brixmor Property Group in the first quarter worth about $26,000. Loomis Sayles & Co. L P raised its stake in shares of Brixmor Property Group by 1,215.1% in 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 acquiring an additional 1,130 shares during the last quarter. SHP Wealth Management acquired a new position in shares of Brixmor Property Group during the fourth quarter worth approximately $34,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of Brixmor Property Group during the fourth quarter worth approximately $43,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BRX shares. UBS Group lifted their target price on Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Truist Financial upped their target price 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. Jefferies Financial Group raised shares of Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Wells Fargo & Company upgraded shares of Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus boosted their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.33.

Brixmor Property Group Price Performance

Shares of BRX opened at $29.50 on Friday. The stock has a market cap of $9.05 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98. Brixmor Property Group Inc. has a 1 year low of $24.66 and a 1 year high of $32.86. The stock’s 50-day moving average price is $31.26 and its two-hundred day moving average price is $30.29. 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 (NYSE:BRX) last announced its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The firm had revenue of $354.20 million during the quarter, compared to analyst estimates of $354.39 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The business’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, equities analysts predict that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio is presently 87.86%.

Brixmor Property Group 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.