Brixmor Property Group Inc. $BRX Shares Purchased by Davis Selected Advisers

Davis Selected Advisers increased its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 14.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 570,000 shares of the real estate investment trust’s stock after purchasing an additional 71,610 shares during the period. Davis Selected Advisers’ holdings in Brixmor Property Group were worth $15,778,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL boosted its position in shares of Brixmor Property Group by 489.7% during the third quarter. Tudor Investment Corp ET AL now owns 139,526 shares of the real estate investment trust’s stock worth $3,862,000 after buying an additional 115,866 shares during the period. Swiss Life Asset Management Ltd raised its holdings in shares of Brixmor Property Group by 73.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 13,959 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 5,892 shares during the period. Cambria Investment Management L.P. raised its holdings in shares of Brixmor Property Group by 15.6% in the 3rd quarter. Cambria Investment Management L.P. now owns 23,180 shares of the real estate investment trust’s stock valued at $642,000 after buying an additional 3,130 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Brixmor Property Group by 695.5% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,307 shares of the real estate investment trust’s stock worth $64,000 after acquiring an additional 2,017 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Brixmor Property Group during the 3rd quarter worth about $2,227,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $29.56 on Thursday. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $9.07 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.67 and a beta of 1.06. The stock’s 50-day moving average is $28.30 and its two-hundred day moving average is $27.26. Brixmor Property Group Inc. has a 1-year low of $22.28 and a 1-year high of $30.70.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Brixmor Property Group had a return on equity of 13.00% and a net margin of 28.16%.The business had revenue of $353.75 million during the quarter, compared to analysts’ expectations of $347.42 million. During the same quarter last year, the business posted $0.53 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. Analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be paid a $0.3075 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. Brixmor Property Group’s payout ratio is currently 97.62%.

Analyst Ratings Changes

Several research firms have weighed in on BRX. Scotiabank dropped their target price on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 14th. Truist Financial increased their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Piper Sandler upped their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average price target of $30.82.

Insider Buying and Selling

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total transaction of $232,240.00. Following the completion of the transaction, the director owned 18,400 shares in the company, valued at $534,152. The trade was a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.75% of the stock is owned by company insiders.

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.