The Manufacturers Life Insurance Company Invests $7.22 Million in Brixmor Property Group Inc. $BRX

The Manufacturers Life Insurance Company acquired a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 228,963 shares of the real estate investment trust’s stock, valued at approximately $7,219,000. The Manufacturers Life Insurance Company owned approximately 0.07% of Brixmor Property Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. NewEdge Advisors LLC lifted its holdings in shares of Brixmor Property Group by 4.6% in the 4th quarter. NewEdge Advisors LLC now owns 8,657 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 384 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Brixmor Property Group by 17.4% during the 3rd quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 398 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in Brixmor Property Group by 4.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 10,775 shares of the real estate investment trust’s stock worth $310,000 after purchasing an additional 413 shares during the period. IFM Investors Pty Ltd lifted its stake in Brixmor Property Group by 0.9% in the first quarter. IFM Investors Pty Ltd now owns 50,073 shares of the real estate investment trust’s stock worth $1,442,000 after purchasing an additional 459 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Brixmor Property Group by 2.5% in the third quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock worth $534,000 after purchasing an additional 465 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BRX shares. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. Jefferies Financial Group upgraded Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Truist Financial lifted their price target on Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. UBS Group increased their price objective on Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Finally, KeyCorp raised 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. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $29.19 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. The firm’s fifty day simple moving average is $31.00 and its 200 day simple moving average is $30.37. The stock has a market cap of $8.96 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 2.21 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 posted its earnings results 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). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The company had revenue of $354.20 million during the quarter, compared to analysts’ expectations of $354.39 million. During the same period in the prior year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, research analysts predict that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.3075 per share. 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 dividend payout ratio is 87.86%.

Brixmor Property Group 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.