Cibc World Market Inc. Buys New Stake in Brixmor Property Group Inc. $BRX

Cibc World Market Inc. purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the second quarter, HoldingsChannel reports. The institutional investor purchased 17,835 shares of the real estate investment trust’s stock, valued at approximately $562,000.

Several other large investors have also recently added to or reduced their stakes in BRX. Vanguard Group Inc. lifted its stake in shares of 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 worth $1,179,543,000 after purchasing an additional 198,567 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Brixmor Property Group in the second quarter worth about $1,265,950,000. 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 stake in shares of 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 buying an additional 2,275,242 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Brixmor Property Group by 6.8% during the 3rd quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock valued at $222,457,000 after buying an additional 511,976 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BRX shares. Citigroup boosted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Piper Sandler increased their price objective on shares of Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. 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. KeyCorp boosted 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 report on Tuesday, May 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.33.

Brixmor Property Group Stock Up 0.3%

Shares of Brixmor Property Group stock opened at $29.19 on Friday. Brixmor Property Group Inc. has a 1-year low of $24.66 and a 1-year high of $32.86. The company has a market capitalization of $8.96 billion, a PE ratio of 20.85, a P/E/G ratio of 2.21 and a beta of 0.98. 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 business has a 50-day moving average of $31.00 and a 200-day moving average of $30.35.

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

Brixmor Property Group Dividend Announcement

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 payout ratio is currently 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.