CI Investments Inc. Boosts Stock Holdings in Brixmor Property Group Inc. $BRX

CI Investments Inc. lifted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 11.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,753,992 shares of the real estate investment trust’s stock after buying an additional 392,621 shares during the quarter. CI Investments Inc.’s holdings in Brixmor Property Group were worth $108,115,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BRX. Vanguard Group Inc. boosted its stake in Brixmor Property Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock valued at $1,179,543,000 after purchasing an additional 198,567 shares during the last quarter. State Street Corp raised its stake in shares of Brixmor Property Group by 0.5% in the second quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock worth $408,813,000 after purchasing an additional 81,497 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Brixmor Property Group by 22.5% during the fourth quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock valued at $324,722,000 after purchasing an additional 2,275,242 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Brixmor Property Group by 6.8% during the third quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock valued at $222,457,000 after purchasing an additional 511,976 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Brixmor Property Group by 49.6% during the third quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock valued at $177,041,000 after buying an additional 2,119,890 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Performance

Shares of BRX opened at $32.66 on Wednesday. The firm has a market capitalization of $10.02 billion, a P/E ratio of 22.68, a PEG ratio of 2.72 and a beta of 0.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.80. The business has a fifty day moving average of $31.16 and a 200 day moving average of $29.58.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. The company had revenue of $354.82 million for the quarter, compared to the consensus estimate of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.Brixmor Property Group’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on BRX shares. Jefferies Financial Group upgraded Brixmor Property Group to a “strong-buy” rating in a report on Friday, June 26th. Piper Sandler upped their target price on shares of Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday. Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Stifel Nicolaus lifted their price target on shares of Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, April 28th. Finally, BMO Capital Markets boosted their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $33.75.

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.