VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in Brixmor Property Group Inc. $BRX

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Brixmor Property Group Inc. (NYSE:BRX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 92,281 shares of the real estate investment trust’s stock, valued at approximately $2,910,000.

A number of other hedge funds also recently bought and sold shares of the stock. California State Teachers Retirement System boosted its position in Brixmor Property Group by 2,964.1% during the 2nd quarter. California State Teachers Retirement System now owns 11,033,419 shares of the real estate investment trust’s stock valued at $349,934,000 after acquiring an additional 10,673,334 shares in the last quarter. Readystate Asset Management LP bought a new position in shares of Brixmor Property Group in the 2nd quarter worth $446,000. Syon Capital LLC lifted its stake in shares of Brixmor Property Group by 11.8% during the 2nd quarter. Syon Capital LLC now owns 19,330 shares of the real estate investment trust’s stock worth $609,000 after purchasing an additional 2,046 shares during the last quarter. NEOS Investment Management LLC lifted its stake in shares of Brixmor Property Group by 13.3% during the 2nd quarter. NEOS Investment Management LLC now owns 65,602 shares of the real estate investment trust’s stock worth $2,068,000 after purchasing an additional 7,679 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of Brixmor Property Group during the 2nd quarter worth $125,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.3%

NYSE:BRX opened at $28.80 on Friday. The company has a market cap of $8.84 billion, a PE ratio of 20.57, a P/E/G ratio of 2.19 and a beta of 0.97. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $32.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The company’s 50 day moving average is $30.53 and its two-hundred day moving average is $30.36.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The company had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. During the same quarter in the previous year, the company posted $0.56 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio is presently 87.86%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BRX. Jefferies Financial Group upgraded Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Piper Sandler increased their price target on shares of Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. UBS Group raised their price target on shares of Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Citigroup lifted their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Stifel Nicolaus boosted their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.55.

About Brixmor Property Group

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily composed of grocery-anchored and necessity-based retail properties serving local communities and offering a mix of supermarkets, restaurants, service providers, and other consumer-oriented businesses.

The company’s activities include leasing retail space, managing shopping-center properties, and investing in redevelopment and property enhancements designed to support tenant performance and improve the customer experience.