Crossmark Global Holdings Inc. Buys 47,049 Shares of Brixmor Property Group Inc. $BRX

Crossmark Global Holdings Inc. raised its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 199.3% during the 4th quarter, Holdings Channel reports. The fund owned 70,651 shares of the real estate investment trust’s stock after purchasing an additional 47,049 shares during the period. Crossmark Global Holdings Inc.’s holdings in Brixmor Property Group were worth $1,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position 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 acquiring an additional 198,567 shares in the last quarter. State Street Corp boosted its position 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 acquiring an additional 81,497 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Brixmor Property Group by 0.4% during the third quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock valued at $338,747,000 after buying an additional 51,778 shares during the last quarter. Invesco Ltd. lifted its position 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 buying an additional 511,976 shares during the last quarter. Finally, Wellington Management Group LLP lifted 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. Institutional investors own 98.43% of the company’s stock.

Insider Buying and Selling at Brixmor Property Group

In other news, Director Julie Bowerman sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $29.03, for a total transaction of $232,240.00. Following the sale, the director owned 18,400 shares in the company, valued at approximately $534,152. The trade was a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.91% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $29.93 on Wednesday. Brixmor Property Group Inc. has a 12-month low of $24.38 and a 12-month high of $31.49. The company has a market cap of $9.18 billion, a PE ratio of 20.79, a PEG ratio of 2.47 and a beta of 1.00. 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 business’s fifty day simple moving average is $29.74 and its 200-day simple moving average is $27.83.

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

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.3075 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.1%. Brixmor Property Group’s payout ratio is presently 85.42%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. Truist Financial increased their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Wells Fargo & Company increased their price target on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Piper Sandler increased their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Finally, KeyCorp upped their price target on Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $32.18.

Brixmor Property Group 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.