Legal & General Group Plc Grows Position in Brixmor Property Group Inc. $BRX

Legal & General Group Plc increased its position in Brixmor Property Group Inc. (NYSE:BRX) by 6.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,985,063 shares of the real estate investment trust’s stock after purchasing an additional 121,980 shares during the quarter. Legal & General Group Plc’s holdings in Brixmor Property Group were worth $52,048,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake in shares of Brixmor Property Group by 221.5% in the 4th quarter. Hantz Financial Services Inc. now owns 9,377 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 6,460 shares during the period. MQS Management LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at approximately $893,000. Global Retirement Partners LLC lifted its stake in shares of Brixmor Property Group by 93.0% in the 4th quarter. Global Retirement Partners LLC now owns 9,010 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 4,341 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of Brixmor Property Group by 350.5% in the 4th quarter. Cullen Frost Bankers Inc. now owns 14,798 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 11,513 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of Brixmor Property Group by 23.6% in the 4th quarter. Handelsbanken Fonder AB now owns 131,304 shares of the real estate investment trust’s stock valued at $3,443,000 after purchasing an additional 25,100 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on BRX shares. JPMorgan Chase & Co. raised their target price on Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Scotiabank lifted their price objective on Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research note on Tuesday, March 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Monday, May 4th. Wells Fargo & Company lifted their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Truist Financial lifted their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and an average price target of $32.64.

Brixmor Property Group Stock Down 0.8%

Brixmor Property Group stock opened at $30.52 on Friday. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 2.54 and a beta of 1.00. The stock has a fifty day simple moving average of $29.82 and a two-hundred day simple moving average of $28.14. Brixmor Property Group Inc. has a 12 month low of $24.66 and a 12 month high of $31.49. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. The business had revenue of $354.82 million during the quarter, compared to analyst estimates of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Equities analysts predict that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be issued a $0.3075 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.0%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 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.