The Manufacturers Life Insurance Company Invests $7.22 Million in Brixmor Property Group Inc. $BRX

The Manufacturers Life Insurance Company purchased a new position in Brixmor Property Group Inc. (NYSE:BRX) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 228,963 shares of the real estate investment trust’s stock, valued at approximately $7,219,000.

Several other hedge funds have also bought and sold shares of BRX. BlackRock Inc. bought a new position in shares of Brixmor Property Group during the second quarter valued at approximately $1,265,950,000. Principal Financial Group Inc. increased its position in Brixmor Property Group by 686.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock valued at $149,083,000 after buying an additional 4,518,001 shares in the last quarter. Norges Bank bought a new position in Brixmor Property Group during the 4th quarter valued at approximately $112,307,000. Deutsche Bank AG purchased a new position in Brixmor Property Group during the second quarter valued at $122,922,000. Finally, Bank of New York Mellon Corp purchased a new position in Brixmor Property Group during the second quarter valued at $78,353,000. Institutional investors own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BRX shares. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Truist Financial increased 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. Stifel Nicolaus raised their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. Finally, Piper Sandler increased their price target on shares of Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.33.

Brixmor Property Group Trading Up 0.1%

Shares of BRX stock opened at $29.19 on Monday. 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 12-month low of $24.66 and a 12-month high of $32.86. The stock has a market capitalization of $8.96 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.21 and a beta of 0.98. The firm’s 50 day moving average is $31.00 and its 200 day moving average is $30.37.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $354.39 million. During the same period in the previous year, the company earned $0.56 earnings per share. Brixmor Property Group’s quarterly revenue was up 4.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Research analysts expect that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

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

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.