Canada Pension Plan Investment Board Acquires New Stake in Brixmor Property Group Inc. $BRX

Canada Pension Plan Investment Board bought a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 5,721,720 shares of the real estate investment trust’s stock, valued at approximately $180,406,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Brixmor Property Group in the 2nd quarter valued at about $1,265,950,000. Principal Financial Group Inc. lifted its stake in shares of Brixmor Property Group by 686.1% in the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock worth $149,083,000 after acquiring an additional 4,518,001 shares during the period. Norges Bank acquired a new position in shares of Brixmor Property Group in the fourth quarter worth approximately $112,307,000. Deutsche Bank AG bought a new stake in Brixmor Property Group in the second quarter valued at approximately $122,922,000. Finally, Bank of New York Mellon Corp bought a new stake in Brixmor Property Group in the second quarter valued at approximately $78,353,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BRX shares. KeyCorp lifted their target price on shares of Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. Jefferies Financial Group upgraded Brixmor Property Group to a “strong-buy” rating in a report on Friday, June 26th. Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. Finally, Stifel Nicolaus lifted their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.33.

Brixmor Property Group Stock Down 0.3%

Shares of NYSE:BRX opened at $29.40 on Thursday. The business’s 50 day simple moving average is $31.07 and its two-hundred day simple moving average is $30.36. The firm has a market cap of $9.02 billion, a P/E ratio of 21.00, a PEG ratio of 2.24 and a beta of 0.98. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. Brixmor Property Group Inc. has a 52-week low of $24.66 and a 52-week high of $32.86.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data 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). Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The firm had revenue of $354.20 million for the quarter, compared to the consensus estimate of $354.39 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The company’s revenue was up 4.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, research analysts forecast that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued 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 4.2%. Brixmor Property Group’s dividend payout ratio is presently 87.86%.

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.