Legal & General Group Plc Makes New Investment in Brixmor Property Group Inc. $BRX

Legal & General Group Plc purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the second quarter, Holdings Channel.com reports. The firm purchased 1,679,982 shares of the real estate investment trust’s stock, valued at approximately $52,970,000.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Brixmor Property Group in the second quarter worth approximately $1,265,950,000. Principal Financial Group Inc. raised its position in Brixmor Property Group by 686.1% during the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock valued at $149,083,000 after acquiring an additional 4,518,001 shares in the last quarter. Norges Bank bought a new position in Brixmor Property Group during the fourth quarter valued at approximately $112,307,000. Deutsche Bank AG acquired a new stake in Brixmor Property Group in the second quarter valued at approximately $122,922,000. Finally, Bank of New York Mellon Corp acquired a new stake in Brixmor Property Group in the second quarter valued at approximately $78,353,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on BRX shares. 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. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a report on Friday, July 31st. Truist Financial lifted their price objective on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Wells Fargo & Company upgraded shares of Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. Finally, Piper Sandler increased their target price on shares of Brixmor Property Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Two 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

Brixmor Property Group Stock Up 0.3%

BRX opened at $29.19 on Friday. The firm has a market cap of $8.96 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. The business has a 50 day moving average price of $31.00 and a 200 day moving average price of $30.35. Brixmor Property Group Inc. has a twelve month low of $24.66 and a twelve month high of $32.86.

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

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 87.86%.

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.