Y Intercept Hong Kong Ltd Invests $1.44 Million in Brixmor Property Group Inc. $BRX

Y Intercept Hong Kong Ltd acquired a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,098 shares of the real estate investment trust’s stock, valued at approximately $1,443,000.

Other institutional investors have also recently bought and sold shares of the company. Clearstead Advisors LLC grew its stake in Brixmor Property Group by 96.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 495 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Brixmor Property Group by 1,215.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,130 shares in the last quarter. SHP Wealth Management purchased a new stake in shares of Brixmor Property Group during the 4th quarter worth about $34,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Brixmor Property Group during the 4th quarter valued at about $42,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Brixmor Property Group during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Scotiabank increased their price objective on Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a report on Tuesday, March 24th. KeyCorp lifted their target price on shares of Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. UBS Group boosted their target price on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial increased their price target 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. Finally, Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $33.25.

Brixmor Property Group Stock Performance

Shares of BRX stock traded up $0.10 during trading on Friday, reaching $31.04. The company had a trading volume of 1,933,482 shares, compared to its average volume of 2,280,837. The firm’s 50 day simple moving average is $30.88 and its two-hundred day simple moving average is $29.27. 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 one year low of $24.66 and a one year high of $32.80. The company has a market capitalization of $9.53 billion, a PE ratio of 21.56, a PEG ratio of 2.60 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last announced its 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. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The firm had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $349.43 million. During the same quarter in the prior year, the business 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. Sell-side analysts forecast that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio is currently 85.42%.

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.