M&T Bank Corp Has $1.84 Million Stock Position in Brixmor Property Group Inc. $BRX

M&T Bank Corp boosted its position in shares of Brixmor Property Group Inc. (NYSE:BRX) by 69.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 70,216 shares of the real estate investment trust’s stock after purchasing an additional 28,759 shares during the period. M&T Bank Corp’s holdings in Brixmor Property Group were worth $1,841,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its position in Brixmor Property Group by 17.4% during the third quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 398 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Brixmor Property Group by 2.5% during the third quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock valued at $534,000 after purchasing an additional 465 shares during the last quarter. Park Avenue Securities LLC boosted its position in Brixmor Property Group by 1.3% during the third quarter. Park Avenue Securities LLC now owns 36,195 shares of the real estate investment trust’s stock valued at $1,002,000 after purchasing an additional 478 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Brixmor Property Group by 43.6% during 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 during the last quarter. Finally, M&G PLC boosted its position in Brixmor Property Group by 8.2% during the third quarter. M&G PLC now owns 7,875 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 596 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insider Buying and Selling at Brixmor Property Group

In related news, Director Julie Bowerman sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $29.03, for a total transaction of $232,240.00. Following the completion of the transaction, the director owned 18,400 shares of the company’s stock, valued at approximately $534,152. The trade was a 30.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $29.85 on Friday. Brixmor Property Group Inc. has a fifty-two week low of $24.38 and a fifty-two week high of $31.49. The business has a 50-day moving average of $29.77 and a two-hundred day moving average of $27.78. The stock has a market capitalization of $9.16 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.49 and a beta of 1.00. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31.

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, topping analysts’ consensus estimates of $0.25 by $0.16. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The company had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $349.43 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. On average, equities research analysts predict that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BRX. Stifel Nicolaus lifted their price objective on Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. Scotiabank boosted their price target on Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, March 24th. Piper Sandler boosted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Truist Financial boosted their price target on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Brixmor Property Group Company 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.