Illinois Municipal Retirement Fund Reduces Position in Brixmor Property Group Inc. $BRX

Illinois Municipal Retirement Fund trimmed its position in Brixmor Property Group Inc. (NYSE:BRX) by 67.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,390 shares of the real estate investment trust’s stock after selling 38,389 shares during the period. Illinois Municipal Retirement Fund’s holdings in Brixmor Property Group were worth $509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BRX. State Street Corp increased its holdings in shares of Brixmor Property Group by 0.5% in the second quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock valued at $408,813,000 after purchasing an additional 81,497 shares during the period. Franklin Resources Inc. boosted its position in Brixmor Property Group by 10.1% in the second quarter. Franklin Resources Inc. now owns 12,186,177 shares of the real estate investment trust’s stock valued at $317,328,000 after buying an additional 1,115,148 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Brixmor Property Group by 3.4% in the 2nd 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 buying an additional 272,616 shares during the period. Invesco Ltd. increased its holdings in Brixmor Property Group by 16.3% in the 2nd quarter. Invesco Ltd. now owns 7,524,752 shares of the real estate investment trust’s stock worth $195,945,000 after buying an additional 1,056,827 shares during the period. Finally, Geode Capital Management LLC raised its position in Brixmor Property Group by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 6,021,693 shares of the real estate investment trust’s stock worth $156,829,000 after buying an additional 52,389 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Insider Buying and Selling

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total transaction of $232,240.00. Following the completion of the transaction, the director directly owned 18,400 shares in the company, valued at approximately $534,152. This represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.75% of the company’s stock.

Brixmor Property Group Stock Up 1.1%

BRX opened at $29.67 on Friday. Brixmor Property Group Inc. has a fifty-two week low of $22.28 and a fifty-two week high of $29.71. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 1.11. The company has a fifty day moving average of $26.87 and a two-hundred day moving average of $26.87. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.64 and a beta of 1.10.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. The business had revenue of $353.75 million for the quarter, compared to analyst estimates of $347.42 million. During the same period in the prior year, the company 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 expect that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.3075 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.1%. Brixmor Property Group’s dividend payout ratio (DPR) is 97.62%.

Analysts Set New Price Targets

BRX has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. JPMorgan Chase & Co. upped their price target on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler increased 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. UBS Group lifted their price objective 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. Finally, Scotiabank decreased their price objective on 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. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.70.

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.