Easterly Investment Partners LLC Lowers Stock Holdings in Brixmor Property Group Inc. $BRX

Easterly Investment Partners LLC reduced its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 54.4% in the 4th quarter, HoldingsChannel reports. The firm owned 173,015 shares of the real estate investment trust’s stock after selling 206,513 shares during the period. Easterly Investment Partners LLC’s holdings in Brixmor Property Group were worth $4,536,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its holdings in Brixmor Property Group by 3.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 469,722 shares of the real estate investment trust’s stock worth $12,316,000 after purchasing an additional 16,812 shares in the last quarter. Impact Partnership Wealth LLC raised its holdings in Brixmor Property Group by 10.9% during the fourth quarter. Impact Partnership Wealth LLC now owns 22,403 shares of the real estate investment trust’s stock worth $587,000 after purchasing an additional 2,195 shares in the last quarter. Norges Bank purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $112,307,000. IFG Advisory LLC boosted its stake in shares of Brixmor Property Group by 12.3% in the fourth quarter. IFG Advisory LLC now owns 14,220 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 1,556 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Brixmor Property Group by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 6,266,337 shares of the real estate investment trust’s stock valued at $164,334,000 after buying an additional 119,786 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Down 0.1%

BRX opened at $30.52 on Monday. The business’s fifty day moving average is $29.82 and its two-hundred day moving average is $28.15. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 2.53 and a beta of 0.99. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $31.49.

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

Brixmor Property Group Announces Dividend

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

Analysts Set New Price Targets

BRX has been the topic of a number of analyst reports. KeyCorp lifted their price target on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Truist Financial lifted their price target on Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. lifted their price target on Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. UBS Group lifted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Piper Sandler lifted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.64.

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.