Brixmor Property Group Inc. $BRX Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 847,451 shares of the real estate investment trust’s stock after selling 27,752 shares during the period. Rhumbline Advisers owned about 0.28% of Brixmor Property Group worth $23,457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BRX. Mather Group LLC. acquired a new position in Brixmor Property Group in the third quarter worth approximately $28,000. Quent Capital LLC acquired a new position in shares of Brixmor Property Group in the 3rd quarter worth $35,000. EverSource Wealth Advisors LLC grew 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 worth $48,000 after acquiring an additional 557 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Brixmor Property Group by 62.4% during the third quarter. Smartleaf Asset Management LLC now owns 2,395 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 920 shares during the period. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Brixmor Property Group by 523.3% during the third quarter. Hantz Financial Services Inc. now owns 2,917 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 2,449 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BRX has been the topic of several recent analyst reports. UBS Group boosted their price objective on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Wells Fargo & Company assumed coverage on shares of Brixmor Property Group in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price objective on the stock. Finally, Scotiabank cut their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, January 14th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.00.

Brixmor Property Group Stock Up 0.8%

Brixmor Property Group stock opened at $29.27 on Tuesday. Brixmor Property Group Inc. has a twelve month low of $22.28 and a twelve month high of $29.42. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $8.97 billion, a PE ratio of 23.23, a P/E/G ratio of 2.60 and a beta of 1.10. The firm’s 50 day moving average price is $26.55 and its two-hundred day moving average price is $26.78.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. The business had revenue of $353.75 million for the quarter, compared to analysts’ expectations of $347.42 million. During the same period in the previous year, the company posted $0.53 EPS. Brixmor Property Group’s revenue was up 7.7% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. On average, research analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, April 2nd. Brixmor Property Group’s payout ratio is currently 97.62%.

Insider Activity

In related news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $29.03, for a total value of $232,240.00. Following the transaction, the director owned 18,400 shares in the company, valued at approximately $534,152. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.75% of the stock is currently owned by corporate insiders.

About Brixmor Property Group

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.