Perigon Wealth Management LLC Invests $1.45 Million in Brixmor Property Group Inc. $BRX

Perigon Wealth Management LLC acquired a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 46,090 shares of the real estate investment trust’s stock, valued at approximately $1,453,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Clearstead Advisors LLC raised its holdings in Brixmor Property Group by 96.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 495 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Brixmor Property Group during the 1st quarter worth approximately $26,000. Loomis Sayles & Co. L P increased its position in shares of Brixmor Property Group by 1,215.1% during 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 bought a new stake in shares of Brixmor Property Group during the 4th quarter worth approximately $34,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Brixmor Property Group during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BRX shares. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a report on Friday, June 26th. UBS Group upped their price target on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. Truist Financial lifted 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. Finally, Citigroup boosted their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Brixmor Property Group Trading Down 0.8%

BRX stock opened at $29.74 on Tuesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.82 and a quick ratio of 0.82. The company has a fifty day moving average price of $31.40 and a two-hundred day moving average price of $30.22. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.86. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 21.24, a price-to-earnings-growth ratio of 2.27 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.34). The company had revenue of $354.20 million during the quarter, compared to analyst estimates of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. Brixmor Property Group’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Equities analysts anticipate 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 Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.1%. Brixmor Property Group’s dividend payout ratio is 87.86%.

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.