Brixmor Property Group Inc. $BRX Shares Sold by Easterly Investment Partners LLC

Easterly Investment Partners LLC reduced its position in Brixmor Property Group Inc. (NYSE:BRX) by 54.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 173,015 shares of the real estate investment trust’s stock after selling 206,513 shares during the quarter. Easterly Investment Partners LLC owned about 0.06% of Brixmor Property Group worth $4,536,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BRX. Royal Bank of Canada raised its stake in Brixmor Property Group by 39.9% in the 1st quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock valued at $5,405,000 after purchasing an additional 58,058 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in 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 purchasing an additional 89,827 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake 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. Marshall Wace LLP purchased a new stake in Brixmor Property Group in the 2nd quarter valued at $6,048,000. Finally, Gamco Investors INC. ET AL purchased a new stake in Brixmor Property Group in the 2nd quarter valued at $435,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BRX has been the subject of several analyst reports. KeyCorp upped their target price on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. Wells Fargo & Company upped their target price on Brixmor Property Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, May 26th. UBS Group upped their target price on Brixmor Property Group from $31.00 to $34.00 and gave the company a “buy” rating in a report on Monday, May 18th. Scotiabank upped their target price on Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a report on Tuesday, March 24th. Finally, Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.64.

Brixmor Property Group Trading Down 0.1%

BRX opened at $30.52 on Monday. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 2.53 and a beta of 0.99. Brixmor Property Group Inc. has a 52 week low of $24.66 and a 52 week high of $31.49. The business’s 50 day moving average is $29.82 and its two-hundred day moving average is $28.15. 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 (NYSE:BRX) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.25 by $0.16. The company had revenue of $354.82 million for the quarter, compared to analyst estimates of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 earnings per share. 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 year.

Brixmor Property Group Announces Dividend

The company 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 dividend of $0.3075 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.23 annualized dividend and a yield of 4.0%. Brixmor Property Group’s payout ratio is 85.42%.

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.