Norges Bank Buys New Stake in Brixmor Property Group Inc. $BRX

Norges Bank bought a new stake in Brixmor Property Group Inc. (NYSE:BRX) in the 4th quarter, Holdings Channel.com reports. The fund bought 4,283,257 shares of the real estate investment trust’s stock, valued at approximately $112,307,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC increased its holdings in Brixmor Property Group by 96.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 495 shares during the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new stake in Brixmor Property Group in the 4th quarter valued at approximately $42,000. Bayforest Capital Ltd acquired a new stake in Brixmor Property Group in the 4th quarter valued at approximately $44,000. EverSource Wealth Advisors LLC increased its holdings in Brixmor Property Group by 43.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 557 shares during the last quarter. Finally, Avalon Trust Co acquired a new stake in Brixmor Property Group in the 3rd quarter valued at approximately $62,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

BRX has been the topic of several research reports. Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on shares of Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Stifel Nicolaus increased their target price on shares of Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. KeyCorp raised their price target on shares of Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Finally, UBS Group raised their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, May 18th. One investment 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’s stock. Based on data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.64.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $30.36 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. Brixmor Property Group Inc. has a 52 week low of $24.66 and a 52 week high of $31.49. The stock has a market capitalization of $9.31 billion, a PE ratio of 21.08, a P/E/G ratio of 2.50 and a beta of 0.98. The firm has a 50 day moving average of $29.93 and a two-hundred day moving average of $28.25.

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

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be given a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 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.