Bank of New York Mellon Corp Has $66.72 Million Holdings in Brixmor Property Group Inc. $BRX

Bank of New York Mellon Corp cut its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,544,750 shares of the real estate investment trust’s stock after selling 241,686 shares during the quarter. Bank of New York Mellon Corp’s holdings in Brixmor Property Group were worth $66,723,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of Brixmor Property Group by 5.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,437,988 shares of the real estate investment trust’s stock valued at $37,704,000 after acquiring an additional 79,557 shares during the period. Natixis Advisors LLC raised its position in shares of Brixmor Property Group by 31.8% in the 4th quarter. Natixis Advisors LLC now owns 166,328 shares of the real estate investment trust’s stock valued at $4,361,000 after acquiring an additional 40,145 shares during the period. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Brixmor Property Group by 18.1% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,341,006 shares of the real estate investment trust’s stock valued at $140,041,000 after acquiring an additional 817,572 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Brixmor Property Group by 3.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 469,722 shares of the real estate investment trust’s stock valued at $12,316,000 after acquiring an additional 16,812 shares during the period. Finally, Impact Partnership Wealth LLC raised its position in shares of Brixmor Property Group by 10.9% in the 4th quarter. Impact Partnership Wealth LLC now owns 22,403 shares of the real estate investment trust’s stock valued at $587,000 after acquiring an additional 2,195 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BRX has been the topic of a number of analyst reports. UBS Group increased their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Truist Financial increased their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. increased their price target on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Wells Fargo & Company increased their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Finally, KeyCorp increased their price target on shares of Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.64.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $31.84 on Wednesday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $9.77 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 2.56 and a beta of 0.98. The company’s 50 day moving average price is $30.09 and its two-hundred day moving average price is $28.36. Brixmor Property Group Inc. has a 52 week low of $24.66 and a 52 week high of $31.91.

Brixmor Property Group (NYSE:BRX) last announced its 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 firm had revenue of $354.82 million for the quarter, compared to the consensus estimate of $349.43 million. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. On average, analysts expect that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be paid a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 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.