Strs Ohio Has $38.44 Million Stake in Brixmor Property Group Inc. $BRX

Strs Ohio lifted its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,388,880 shares of the real estate investment trust’s stock after acquiring an additional 30,192 shares during the quarter. Strs Ohio’s holdings in Brixmor Property Group were worth $38,444,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BRX. State Street Corp increased its holdings in Brixmor Property Group by 0.5% during the 2nd quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock valued at $408,813,000 after purchasing an additional 81,497 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Brixmor Property Group by 10.1% during the second quarter. Franklin Resources Inc. now owns 12,186,177 shares of the real estate investment trust’s stock worth $317,328,000 after purchasing an additional 1,115,148 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Brixmor Property Group by 3.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock valued at $214,040,000 after buying an additional 272,616 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Brixmor Property Group by 16.3% in the second quarter. Invesco Ltd. now owns 7,524,752 shares of the real estate investment trust’s stock valued at $195,945,000 after buying an additional 1,056,827 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Brixmor Property Group by 0.9% in the second quarter. Geode Capital Management LLC now owns 6,021,693 shares of the real estate investment trust’s stock valued at $156,829,000 after buying an additional 52,389 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on BRX. Wells Fargo & Company began coverage on shares of Brixmor Property Group in a report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price objective on the stock. Scotiabank dropped their price objective on shares of 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. UBS Group increased their price objective on Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. boosted their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average price target of $30.30.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $26.39 on Friday. The firm’s 50 day moving average price is $25.97 and its two-hundred day moving average price is $26.56. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.19 and a current ratio of 1.19. Brixmor Property Group Inc. has a 52-week low of $22.28 and a 52-week high of $28.61. The stock has a market cap of $8.08 billion, a PE ratio of 24.21, a PEG ratio of 2.33 and a beta of 1.09.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The company had revenue of $340.84 million for the quarter, compared to the consensus estimate of $335.23 million. During the same quarter in the prior year, the business posted $0.52 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. As a group, analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, January 5th were issued a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 4.7%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, January 5th. Brixmor Property Group’s dividend payout ratio (DPR) is 112.84%.

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.