Geode Capital Management LLC Acquires 119,786 Shares of Brixmor Property Group Inc. $BRX

Geode Capital Management LLC raised its position in Brixmor Property Group Inc. (NYSE:BRX) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,266,337 shares of the real estate investment trust’s stock after buying an additional 119,786 shares during the quarter. Geode Capital Management LLC’s holdings in Brixmor Property Group were worth $164,334,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BRX. Clearstead Advisors LLC raised its stake in shares of 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 buying an additional 495 shares during the period. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Brixmor Property Group in the fourth quarter valued at $42,000. Bayforest Capital Ltd bought a new stake in shares of Brixmor Property Group in the fourth quarter valued at $44,000. EverSource Wealth Advisors LLC raised its stake in shares of Brixmor Property Group by 43.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 557 shares during the period. Finally, Avalon Trust Co bought a new stake in shares of Brixmor Property Group in the third quarter valued at $62,000. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $30.24 on Thursday. The stock has a market cap of $9.28 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.49 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 $31.49. 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 stock has a fifty day moving average of $29.89 and a 200-day moving average of $28.22.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.16. The company had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The firm’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. Equities research analysts anticipate that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The business also recently declared 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. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 annualized dividend and a dividend yield of 4.1%. Brixmor Property Group’s payout ratio is 85.42%.

Analyst Upgrades and Downgrades

BRX has been the topic of several research reports. KeyCorp boosted their target price 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. UBS Group boosted their target price 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. Stifel Nicolaus lifted their price target on Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. Scotiabank lifted their price target on Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research report on Tuesday, March 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.64.

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.