Centersquare Investment Management LLC Grows Holdings in Brixmor Property Group Inc. $BRX

Centersquare Investment Management LLC lifted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 22.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,384,526 shares of the real estate investment trust’s stock after purchasing an additional 2,275,242 shares during the period. Brixmor Property Group comprises about 3.2% of Centersquare Investment Management LLC’s investment portfolio, making the stock its 9th biggest position. Centersquare Investment Management LLC’s holdings in Brixmor Property Group were worth $324,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. 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. Quadrant Capital Group LLC grew its holdings in shares of Brixmor Property Group by 2.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock valued at $534,000 after purchasing an additional 465 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of Brixmor Property Group by 96.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 495 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Brixmor Property Group by 43.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 557 shares during the last quarter. Finally, M&G PLC grew its holdings in Brixmor Property Group by 8.2% in the 3rd quarter. M&G PLC now owns 7,875 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 596 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 1.1%

NYSE:BRX opened at $32.20 on Friday. The company has a 50-day moving average price of $30.22 and a 200-day moving average price of $28.44. Brixmor Property Group Inc. has a 12 month low of $24.66 and a 12 month high of $32.49. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.64 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.25 by $0.16. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The firm had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $349.43 million. During the same period last year, the company posted $0.56 EPS. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Equities analysts predict that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be given a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 85.42%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Piper Sandler raised their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Scotiabank raised their price target on shares of Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a report on Tuesday, March 24th. KeyCorp raised their price target 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, Stifel Nicolaus raised their price target on shares of Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.64.

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.