Louisiana State Employees Retirement System Makes New Investment in Brixmor Property Group Inc. $BRX

Louisiana State Employees Retirement System bought a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 88,900 shares of the real estate investment trust’s stock, valued at approximately $2,560,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Advisors LLC increased its holdings in shares of 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 valued at $26,000 after acquiring an additional 495 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in Brixmor Property Group by 1,215.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,130 shares during the last quarter. SHP Wealth Management acquired a new stake in Brixmor Property Group in the 4th quarter worth approximately $34,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Brixmor Property Group during the fourth quarter worth approximately $42,000. Finally, Prosperity Bancshares Inc bought a new stake in Brixmor Property Group during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Scotiabank lifted their price target on shares of Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research report on Tuesday, March 24th. KeyCorp upped their price objective on shares of Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company raised their target price 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. Finally, UBS Group boosted their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $33.00.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $32.17 on Tuesday. Brixmor Property Group Inc. has a 12 month low of $24.66 and a 12 month high of $32.80. The company has a market cap of $9.87 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.72 and a beta of 0.99. The business’s 50 day moving average is $30.76 and its two-hundred day moving average is $28.95. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81.

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

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be given a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 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.