Norges Bank Purchases New Holdings in Brixmor Property Group Inc. $BRX

Norges Bank purchased a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,283,257 shares of the real estate investment trust’s stock, valued at approximately $112,307,000. Norges Bank owned approximately 1.40% of Brixmor Property Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BRX. Clearstead Advisors LLC lifted its stake in Brixmor Property Group by 96.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 495 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new position in Brixmor Property Group in the 4th quarter worth approximately $42,000. Bayforest Capital Ltd purchased a new position in Brixmor Property Group in the 4th quarter worth approximately $44,000. EverSource Wealth Advisors LLC lifted its stake in Brixmor Property Group by 43.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 557 shares in the last quarter. Finally, Avalon Trust Co purchased a new position in Brixmor Property Group in the 3rd quarter worth approximately $62,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BRX has been the topic of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research note on Monday, May 4th. UBS Group raised their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Piper Sandler raised their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Scotiabank raised their target price on shares of Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, March 24th. Finally, Truist Financial raised their target price on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.64.

Brixmor Property Group Stock Up 0.6%

Shares of NYSE BRX opened at $30.36 on Friday. The company has a 50 day simple moving average of $29.93 and a 200-day simple moving average of $28.25. The company has a market capitalization of $9.31 billion, a P/E ratio of 21.08, a P/E/G ratio of 2.50 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 1 year low of $24.66 and a 1 year high of $31.49.

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

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be issued 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 dividend payout ratio (DPR) is currently 85.42%.

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.