Sanctuary Advisors LLC Buys 42,655 Shares of Brixmor Property Group Inc. $BRX

Sanctuary Advisors LLC raised its stake in Brixmor Property Group Inc. (NYSE:BRX) by 154.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 70,242 shares of the real estate investment trust’s stock after acquiring an additional 42,655 shares during the period. Sanctuary Advisors LLC’s holdings in Brixmor Property Group were worth $2,023,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bayhunt Capital LLC purchased a new position in shares of Brixmor Property Group in the fourth quarter worth $14,793,000. Strs Ohio boosted its position in Brixmor Property Group by 6.6% during the 4th quarter. Strs Ohio now owns 1,480,492 shares of the real estate investment trust’s stock valued at $38,818,000 after buying an additional 91,612 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Brixmor Property Group by 253.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 509,625 shares of the real estate investment trust’s stock valued at $13,230,000 after buying an additional 365,535 shares during the period. Hsbc Holdings PLC grew its holdings in Brixmor Property Group by 77.3% in the 4th quarter. Hsbc Holdings PLC now owns 823,232 shares of the real estate investment trust’s stock worth $21,575,000 after acquiring an additional 359,006 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Brixmor Property Group by 199.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 70,651 shares of the real estate investment trust’s stock valued at $1,852,000 after acquiring an additional 47,049 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Analyst Ratings Changes

BRX has been the subject of several recent analyst reports. Piper Sandler upped their price objective on shares of Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group raised their target price on Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research report on Monday, May 4th. Finally, Wells Fargo & Company increased their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $33.75.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $32.42 on Thursday. The business’s fifty day moving average is $31.23 and its 200 day moving average is $29.62. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 2.74 and a beta of 0.98. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $32.86.

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

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.