Strs Ohio Has $38.44 Million Stake in Brixmor Property Group Inc. $BRX

Strs Ohio boosted its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 2.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,388,880 shares of the real estate investment trust’s stock after purchasing an additional 30,192 shares during the quarter. Strs Ohio owned about 0.45% of Brixmor Property Group worth $38,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System grew its holdings in Brixmor Property Group by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 86,100 shares of the real estate investment trust’s stock valued at $2,242,000 after buying an additional 400 shares during the last quarter. State of Michigan Retirement System boosted its position in shares of Brixmor Property Group by 0.5% in the second quarter. State of Michigan Retirement System now owns 73,607 shares of the real estate investment trust’s stock valued at $1,917,000 after acquiring an additional 400 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Brixmor Property Group by 4.7% in the second quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 451 shares during the last quarter. Park Avenue Securities LLC increased its position in Brixmor Property Group by 1.3% during the third quarter. Park Avenue Securities LLC now owns 36,195 shares of the real estate investment trust’s stock worth $1,002,000 after acquiring an additional 478 shares during the period. Finally, GAMMA Investing LLC raised its stake in Brixmor Property Group by 7.4% during the 3rd quarter. GAMMA Investing LLC now owns 7,003 shares of the real estate investment trust’s stock valued at $194,000 after purchasing an additional 485 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $26.39 on Friday. The business has a 50 day simple moving average of $25.97 and a 200 day simple moving average of $26.56. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $8.08 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.33 and a beta of 1.09. Brixmor Property Group Inc. has a one year low of $22.28 and a one year high of $28.61.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The firm had revenue of $340.84 million for the quarter, compared to analysts’ expectations of $335.23 million. During the same period in the prior year, the business posted $0.52 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. On average, sell-side analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, January 5th were given a dividend of $0.3075 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, January 5th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.7%. Brixmor Property Group’s dividend payout ratio is 112.84%.

Wall Street Analysts Forecast Growth

BRX has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. JPMorgan Chase & Co. boosted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Scotiabank cut their price target on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 14th. Wells Fargo & Company initiated coverage on Brixmor Property Group in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price objective on the stock. Finally, UBS Group raised their target price on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.30.

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.