Rhumbline Advisers Has $23.46 Million Holdings in Brixmor Property Group Inc. $BRX

Rhumbline Advisers trimmed its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 3.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 847,451 shares of the real estate investment trust’s stock after selling 27,752 shares during the period. Rhumbline Advisers’ holdings in Brixmor Property Group were worth $23,457,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Brixmor Property Group by 0.5% during the 2nd quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock worth $408,813,000 after acquiring an additional 81,497 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Brixmor Property Group by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 12,186,177 shares of the real estate investment trust’s stock worth $317,328,000 after purchasing an additional 1,115,148 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Brixmor Property Group by 3.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock worth $214,040,000 after purchasing an additional 272,616 shares during the period. Invesco Ltd. grew its holdings in Brixmor Property Group by 16.3% during the second quarter. Invesco Ltd. now owns 7,524,752 shares of the real estate investment trust’s stock valued at $195,945,000 after purchasing an additional 1,056,827 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Brixmor Property Group by 0.9% in the second quarter. Geode Capital Management LLC now owns 6,021,693 shares of the real estate investment trust’s stock valued at $156,829,000 after purchasing an additional 52,389 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total value of $232,240.00. Following the completion of the transaction, the director owned 18,400 shares in the company, valued at approximately $534,152. This represents a 30.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.75% of the stock is owned by corporate insiders.

Brixmor Property Group Stock Up 0.8%

NYSE BRX 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 stock has a market cap of $8.97 billion, a PE ratio of 23.23, a PEG ratio of 2.60 and a beta of 1.10. The firm has a 50-day simple moving average of $26.55 and a 200 day simple moving average of $26.78. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 1.11.

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 return on equity of 13.00% and a net margin of 28.16%.The firm had revenue of $353.75 million during the quarter, compared to analysts’ expectations of $347.42 million. During the same quarter in the prior year, the firm posted $0.53 EPS. The company’s revenue for the quarter 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 forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be given a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 97.62%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BRX shares. Scotiabank decreased their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a report on Wednesday, January 14th. Wells Fargo & Company started coverage on shares of Brixmor Property Group in a report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Finally, UBS Group increased their target price on Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

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.