122,587 Shares in Brixmor Property Group Inc. $BRX Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC purchased a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 122,587 shares of the real estate investment trust’s stock, valued at approximately $3,865,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Strs Ohio lifted its position in Brixmor Property Group by 6.6% in 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 acquiring an additional 91,612 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Brixmor Property Group by 77.3% during the fourth quarter. Hsbc Holdings PLC now owns 823,232 shares of the real estate investment trust’s stock valued at $21,575,000 after buying an additional 359,006 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Brixmor Property Group in the 1st quarter worth $1,443,000. Crossmark Global Holdings Inc. lifted its position in Brixmor Property Group by 199.3% during 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 purchasing an additional 47,049 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Brixmor Property Group by 686.1% during the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock valued at $149,083,000 after purchasing an additional 4,518,001 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $29.50 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. Brixmor Property Group Inc. has a 52-week low of $24.66 and a 52-week high of $32.86. The business has a 50-day simple moving average of $31.26 and a 200-day simple moving average of $30.29. The stock has a market cap of $9.05 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.34). The firm had revenue of $354.20 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, equities analysts expect that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be given a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.2%. Brixmor Property Group’s payout ratio is 87.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. Citigroup raised their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. KeyCorp upped their target price 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. Finally, Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

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.