Cibc World Market Inc. Takes $11.74 Million Position in Brixmor Property Group Inc. $BRX

Cibc World Market Inc. bought a new stake in Brixmor Property Group Inc. (NYSE:BRX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 447,835 shares of the real estate investment trust’s stock, valued at approximately $11,742,000. Cibc World Market Inc. owned about 0.15% of Brixmor Property Group at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Clearstead Advisors LLC boosted its stake in shares of 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 bought a new position in shares of Brixmor Property Group in the 4th quarter valued at about $42,000. Bayforest Capital Ltd bought a new position in shares of Brixmor Property Group in the 4th quarter valued at about $44,000. EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 557 shares during the last quarter. Finally, Avalon Trust Co bought a new position in shares of Brixmor Property Group in the 3rd quarter valued at about $62,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 2.0%

Brixmor Property Group stock opened at $30.97 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 21.50, a PEG ratio of 2.56 and a beta of 0.98. The company’s 50 day simple moving average is $29.97 and its 200 day simple moving average is $28.27. Brixmor Property Group Inc. has a fifty-two week low of $24.66 and a fifty-two week high of $31.49.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $354.82 million for the quarter, compared to analyst estimates of $349.43 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be paid a $0.3075 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.0%. Brixmor Property Group’s payout ratio is presently 85.42%.

Wall Street Analysts Forecast Growth

BRX has been the topic of several recent research reports. Stifel Nicolaus raised their target price on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. UBS Group lifted their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. Scotiabank lifted their price objective on shares of Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, March 24th. Finally, JPMorgan Chase & Co. lifted their price objective 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.64.

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.