Aew Capital Management L P Sells 599,243 Shares of Brixmor Property Group Inc. $BRX

Aew Capital Management L P trimmed its holdings in Brixmor Property Group Inc. (NYSE:BRX) by 20.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,283,171 shares of the real estate investment trust’s stock after selling 599,243 shares during the quarter. Brixmor Property Group comprises 4.3% of Aew Capital Management L P’s portfolio, making the stock its 12th biggest holding. Aew Capital Management L P’s holdings in Brixmor Property Group were worth $59,865,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BRX. Royal Bank of Canada raised its holdings in shares of Brixmor Property Group by 39.9% in the first quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock valued at $5,405,000 after buying an additional 58,058 shares during the last quarter. Goldman Sachs Group Inc. raised its position 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 worth $45,231,000 after purchasing an additional 89,827 shares during the last quarter. EverSource Wealth Advisors LLC raised its position 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 worth $48,000 after purchasing an additional 557 shares during the last quarter. Marshall Wace LLP bought a new position in Brixmor Property Group in the 2nd quarter worth approximately $6,048,000. Finally, Gamco Investors INC. ET AL bought a new position in Brixmor Property Group in the 2nd quarter worth approximately $435,000. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $30.41 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $9.33 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 2.47 and a beta of 1.00. The stock has a 50-day moving average of $29.67 and a 200-day moving average of $27.93. Brixmor Property Group Inc. has a one year low of $24.38 and a one year high of $31.49.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. The company had revenue of $354.82 million during the quarter, compared to analysts’ expectations 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 revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. As a group, sell-side analysts expect that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on BRX shares. Scotiabank boosted their price objective on Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a report on Tuesday, March 24th. KeyCorp boosted their price objective on Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Stifel Nicolaus upped their target price on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. upped their target price 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. Finally, Truist Financial upped their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and an average target price of $32.45.

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.