Principal Financial Group Inc. Has $149.08 Million Position in Brixmor Property Group Inc. $BRX

Principal Financial Group Inc. boosted its holdings in shares of Brixmor Property Group Inc. (NYSE:BRX) by 686.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,176,486 shares of the real estate investment trust’s stock after acquiring an additional 4,518,001 shares during the quarter. Principal Financial Group Inc.’s holdings in Brixmor Property Group were worth $149,083,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC bought a new stake in Brixmor Property Group in the first quarter worth approximately $204,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Brixmor Property Group by 22.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 215,244 shares of the real estate investment trust’s stock valued at $6,199,000 after purchasing an additional 38,770 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Brixmor Property Group by 41.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 41,781 shares of the real estate investment trust’s stock valued at $1,203,000 after purchasing an additional 12,240 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Brixmor Property Group by 44.0% in the 1st quarter. Hsbc Holdings PLC now owns 1,185,473 shares of the real estate investment trust’s stock valued at $34,181,000 after purchasing an additional 362,241 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its stake in shares of Brixmor Property Group by 5.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 135,680 shares of the real estate investment trust’s stock valued at $3,895,000 after purchasing an additional 7,148 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Price Performance

NYSE:BRX opened at $31.36 on Thursday. The stock has a market cap of $9.62 billion, a P/E ratio of 21.78, a PEG ratio of 2.65 and a beta of 0.98. Brixmor Property Group Inc. has a one year low of $24.66 and a one year high of $32.80. The company has a fifty day moving average price of $30.96 and a 200 day moving average price of $29.40. 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 issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. The firm had revenue of $354.82 million during 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 revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Analysts anticipate that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were paid a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 85.42%.

Analysts Set New Price Targets

Several research firms have commented on BRX. Scotiabank increased their target price on shares of 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. Stifel Nicolaus upped their price target on Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a research note on Tuesday, April 28th. Truist Financial increased their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. BMO Capital Markets raised their price objective on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Buy” and an average target price of $33.25.

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.