Legal & General Group Plc Invests $52.97 Million in Brixmor Property Group Inc. $BRX

Legal & General Group Plc bought a new stake in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,679,982 shares of the real estate investment trust’s stock, valued at approximately $52,970,000. Legal & General Group Plc owned about 0.55% of Brixmor Property Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BRX. Vanguard Group Inc. lifted its stake in Brixmor Property Group by 0.4% during the fourth 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 buying an additional 198,567 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Brixmor Property Group in the second quarter worth approximately $1,265,950,000. State Street Corp increased its position 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 worth $408,813,000 after acquiring an additional 81,497 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Brixmor Property Group by 22.5% during 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 during the period. Finally, Invesco Ltd. raised its holdings 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 acquiring an additional 511,976 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of BRX opened at $29.19 on Friday. The business’s 50-day moving average is $31.00 and its 200-day moving average is $30.35. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $8.96 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 2.21 and a beta of 0.98. Brixmor Property Group Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $32.86.

Brixmor Property Group (NYSE:BRX) last posted 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). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The company had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. During the same quarter in the prior year, the business posted $0.56 earnings per share. The business’s revenue for the quarter 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. Equities research analysts expect that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently announced 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 of this dividend is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.2%. Brixmor Property Group’s dividend payout ratio (DPR) is 87.86%.

Wall Street Analyst Weigh In

A number of research firms recently commented on BRX. BMO Capital Markets raised their price objective on shares of Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Stifel Nicolaus boosted their target price 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. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a report on Friday, July 31st. Truist Financial raised their target price on Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $34.33.

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.