92,281 Shares in Brixmor Property Group Inc. $BRX Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, HoldingsChannel reports. The fund bought 92,281 shares of the real estate investment trust’s stock, valued at approximately $2,910,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of BRX. Royal Bank of Canada raised its position in Brixmor Property Group by 39.9% during the 1st quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock worth $5,405,000 after buying an additional 58,058 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Brixmor Property Group by 5.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock valued at $45,231,000 after acquiring an additional 89,827 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 acquiring an additional 557 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Brixmor Property Group in the second quarter worth $6,048,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Brixmor Property Group in the second quarter worth $435,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BRX shares. Wells Fargo & Company raised shares of Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Truist Financial increased their price target on Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Citigroup lifted their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, BMO Capital Markets boosted their price objective on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus price target of $34.55.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $28.80 on Friday. 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 company has a fifty day moving average of $30.53 and a two-hundred day moving average of $30.36. The stock has a market capitalization of $8.84 billion, a PE ratio of 20.57, a P/E/G ratio of 2.19 and a beta of 0.97. Brixmor Property Group Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $32.86.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.34). The company had revenue of $354.20 million during the quarter, compared to analyst estimates of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, research analysts forecast that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s payout ratio is presently 87.86%.

About Brixmor Property Group

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily composed of grocery-anchored and necessity-based retail properties serving local communities and offering a mix of supermarkets, restaurants, service providers, and other consumer-oriented businesses.

The company’s activities include leasing retail space, managing shopping-center properties, and investing in redevelopment and property enhancements designed to support tenant performance and improve the customer experience.