Geode Capital Management LLC Buys 119,786 Shares of Brixmor Property Group Inc. $BRX

Geode Capital Management LLC grew its stake in Brixmor Property Group Inc. (NYSE:BRX) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,266,337 shares of the real estate investment trust’s stock after purchasing an additional 119,786 shares during the quarter. Geode Capital Management LLC owned approximately 2.05% of Brixmor Property Group worth $164,334,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Clearstead Advisors LLC lifted its holdings in shares of Brixmor Property Group by 96.9% in the fourth 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 in the last quarter. Atlantic Edge Private Wealth Management LLC bought a new position in shares of Brixmor Property Group in the fourth quarter valued at approximately $42,000. Bayforest Capital Ltd bought a new position in shares of Brixmor Property Group in the fourth quarter valued at approximately $44,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Brixmor Property Group by 43.6% in the second 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 in the last quarter. Finally, Avalon Trust Co bought a new position in shares of Brixmor Property Group in the third quarter valued at approximately $62,000. Institutional investors own 98.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BRX shares. Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. UBS Group raised 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. Piper Sandler raised their target price on Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. KeyCorp raised 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. Finally, Stifel Nicolaus raised their target price on Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.64.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $30.24 on Thursday. The business’s fifty day simple moving average is $29.89 and its 200 day simple moving average is $28.22. The firm has a market capitalization of $9.28 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.49 and a beta of 0.98. Brixmor Property Group Inc. has a 12 month low of $24.66 and a 12 month high of $31.49. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. The business 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%.Brixmor Property Group’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 85.42%.

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.