Brixmor Property Group Inc. $BRX Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 8.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 228,899 shares of the real estate investment trust’s stock after selling 22,479 shares during the period. The Manufacturers Life Insurance Company’s holdings in Brixmor Property Group were worth $6,592,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BRX. Vanguard Group Inc. lifted its stake in shares of Brixmor Property Group by 0.4% in 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 purchasing an additional 198,567 shares in the last quarter. State Street Corp grew its stake in shares of Brixmor Property Group by 0.5% in the second quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock valued at $408,813,000 after buying an additional 81,497 shares in the last quarter. Centersquare Investment Management LLC grew its position in Brixmor Property Group by 22.5% in the fourth quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock valued at $324,722,000 after acquiring an additional 2,275,242 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Brixmor Property Group by 6.8% in 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 purchasing an additional 511,976 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Brixmor Property Group by 49.6% during the 3rd 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 purchasing an additional 2,119,890 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BRX. Wells Fargo & Company upgraded shares of Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. KeyCorp lifted their target price on Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Piper Sandler boosted their price target on Brixmor Property Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a report on Friday, July 31st. Finally, UBS Group raised their price objective on Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Brixmor Property Group has an average rating of “Moderate Buy” and an average target price of $34.00.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $30.91 on Thursday. The firm has a fifty day moving average of $31.49 and a two-hundred day moving average of $30.03. The firm has a market cap of $9.48 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.36 and a beta of 0.98. Brixmor Property Group Inc. has a 1-year low of $24.66 and a 1-year high of $32.86. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.82 and a quick ratio of 0.82.

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

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.3075 per share. The ex-dividend date is Friday, October 2nd. This represents a $1.23 annualized dividend and a yield of 4.0%. Brixmor Property Group’s dividend payout ratio is presently 87.86%.

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.