BROOKFIELD Corp ON Sells 185,801 Shares of Brixmor Property Group Inc. $BRX

BROOKFIELD Corp ON cut its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 23.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 617,354 shares of the real estate investment trust’s stock after selling 185,801 shares during the quarter. BROOKFIELD Corp ON’s holdings in Brixmor Property Group were worth $17,780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BRX. Lazard Asset Management LLC raised its holdings in shares of Brixmor Property Group by 13.4% in the first quarter. Lazard Asset Management LLC now owns 62,715 shares of the real estate investment trust’s stock valued at $1,806,000 after purchasing an additional 7,421 shares during the last quarter. Gateway Wealth Partners LLC acquired a new position in Brixmor Property Group during the first quarter worth $304,000. Entropy Technologies LP boosted its holdings in Brixmor Property Group by 435.3% during the first quarter. Entropy Technologies LP now owns 101,404 shares of the real estate investment trust’s stock worth $2,920,000 after purchasing an additional 82,460 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Brixmor Property Group in the first quarter valued at $14,356,000. Finally, Renaissance Technologies LLC bought a new position in Brixmor Property Group in the first quarter valued at $271,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 0.0%

Shares of BRX opened at $32.45 on Monday. The firm has a market cap of $9.96 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31. Brixmor Property Group Inc. has a 52 week low of $24.66 and a 52 week high of $32.86. The firm’s 50-day simple moving average is $31.34 and its 200 day simple moving average is $29.71.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.16. The business had revenue of $354.82 million during the quarter, compared to the consensus estimate of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS. On average, analysts forecast that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BRX has been the topic of a number of recent research reports. Piper Sandler lifted their target price on Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Evercore raised Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. BMO Capital Markets raised their price target on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. KeyCorp boosted their price target on Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $33.75.

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.