RWC Asset Management LLP Sells 31,614 Shares of Brixmor Property Group Inc. $BRX

RWC Asset Management LLP cut its stake in shares of Brixmor Property Group Inc. (NYSE:BRX) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 839,946 shares of the real estate investment trust’s stock after selling 31,614 shares during the quarter. Brixmor Property Group makes up 1.1% of RWC Asset Management LLP’s portfolio, making the stock its 27th largest holding. RWC Asset Management LLP owned about 0.27% of Brixmor Property Group worth $22,023,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bayhunt Capital LLC acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at $14,793,000. Franklin Resources Inc. increased its stake in shares of Brixmor Property Group by 0.4% in the third quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock valued at $338,747,000 after buying an additional 51,778 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Brixmor Property Group by 7.3% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,523,434 shares of the real estate investment trust’s stock valued at $125,209,000 after buying an additional 306,342 shares in the last quarter. Elo Mutual Pension Insurance Co increased its stake in shares of Brixmor Property Group by 194.8% in the third quarter. Elo Mutual Pension Insurance Co now owns 58,402 shares of the real estate investment trust’s stock valued at $1,617,000 after buying an additional 38,590 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Brixmor Property Group by 253.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 509,625 shares of the real estate investment trust’s stock valued at $13,230,000 after buying an additional 365,535 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $30.97 on Monday. The stock has a 50-day moving average price of $29.97 and a 200 day moving average price of $28.28. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 2.56 and a beta of 0.98. Brixmor Property Group Inc. has a 12 month low of $24.66 and a 12 month high of $31.49.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data 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 firm had revenue of $354.82 million during the quarter, compared to analyst estimates of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The company’s revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Research analysts expect that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on BRX. UBS Group raised 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. Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. Piper Sandler raised their target price 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. Truist Financial raised their target price 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. Finally, Wells Fargo & Company raised their target price on Brixmor Property Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.