Thrivent Financial for Lutherans Sells 39,003 Shares of Brixmor Property Group Inc. $BRX

Thrivent Financial for Lutherans trimmed its stake in Brixmor Property Group Inc. (NYSE:BRX) by 14.5% in the 4th quarter, HoldingsChannel reports. The fund owned 230,095 shares of the real estate investment trust’s stock after selling 39,003 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Brixmor Property Group were worth $6,033,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Brixmor Property Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock worth $1,179,543,000 after acquiring an additional 198,567 shares in the last quarter. State Street Corp grew its holdings in Brixmor Property Group by 0.5% during 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 during the period. Franklin Resources Inc. grew its holdings in Brixmor Property Group by 0.4% during the third quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock worth $338,747,000 after acquiring an additional 51,778 shares during the period. Invesco Ltd. grew its holdings in 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 worth $222,457,000 after acquiring an additional 511,976 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Brixmor Property Group by 49.6% during the third quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock worth $177,041,000 after acquiring an additional 2,119,890 shares during the period. 98.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. Evercore raised Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Piper Sandler raised their target price on Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. UBS Group raised their target price on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. raised their target price on Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $32.45.

Brixmor Property Group Stock Performance

NYSE BRX opened at $30.89 on Friday. The company has a market cap of $9.48 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.52 and a beta of 1.00. The stock’s 50 day simple moving average is $29.69 and its 200-day simple moving average is $27.96. Brixmor Property Group Inc. has a 1-year low of $24.38 and a 1-year high of $31.49. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31.

Brixmor Property Group (NYSE:BRX) last released its 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 business 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%.The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, equities research analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business 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 dividend of $0.3075 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.0%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 85.42%.

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.