Caisse de depot et placement du Quebec Takes $29.33 Million Position in Brixmor Property Group Inc. $BRX

Caisse de depot et placement du Quebec purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 930,114 shares of the real estate investment trust’s stock, valued at approximately $29,326,000. Caisse de depot et placement du Quebec owned 0.30% of Brixmor Property Group at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BRX. BlackRock Inc. purchased a new stake in Brixmor Property Group in the second quarter valued at approximately $1,265,950,000. Canada Pension Plan Investment Board acquired a new position in Brixmor Property Group during the second quarter worth approximately $180,406,000. Principal Financial Group Inc. raised its stake 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 worth $149,083,000 after purchasing an additional 4,518,001 shares during the period. Norges Bank acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at $112,307,000. Finally, Deutsche Bank AG acquired a new position in shares of Brixmor Property Group in the 2nd quarter valued at $122,922,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Up 0.3%

Shares of NYSE:BRX opened at $29.19 on Friday. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The company has a 50 day moving average of $31.00 and a two-hundred day moving average of $30.35. Brixmor Property Group Inc. has a 52-week low of $24.66 and a 52-week high of $32.86. 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 (NYSE:BRX) last posted its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). The firm had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, analysts forecast that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a $0.3075 dividend. The ex-dividend date is Friday, October 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 87.86%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a report on Friday, July 31st. BMO Capital Markets boosted their price target on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Citigroup upped their price target on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, UBS Group raised their price objective on Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.