Mitsubishi UFJ Asset Management Co. Ltd. Invests $8.29 Million in Brixmor Property Group Inc. $BRX

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 262,990 shares of the real estate investment trust’s stock, valued at approximately $8,292,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Brixmor Property Group during the 2nd quarter worth approximately $158,000. Alberta Investment Management Corp acquired a new stake in shares of Brixmor Property Group in the 2nd quarter valued at approximately $7,435,000. Bank of New York Mellon Corp acquired a new stake in shares of Brixmor Property Group in the 2nd quarter valued at approximately $78,353,000. State of Wyoming acquired a new stake in shares of Brixmor Property Group in the 2nd quarter valued at approximately $225,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Brixmor Property Group in the second quarter valued at approximately $2,841,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BRX shares. Truist Financial upped their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. UBS Group raised their target price on Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, July 9th. BMO Capital Markets boosted their target price on shares of Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler boosted their price target on Brixmor Property Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

Brixmor Property Group Stock Down 0.6%

Shares of NYSE BRX opened at $29.31 on Friday. The firm’s 50-day moving average is $31.19 and its two-hundred day moving average is $30.29. The company has a market capitalization of $8.99 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. Brixmor Property Group Inc. has a 12-month low of $24.66 and a 12-month high of $32.86. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.82 and a quick ratio of 0.82.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.34). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The company had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be given a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio is currently 87.86%.

About Brixmor Property Group

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.