Cibc World Market Inc. Purchases Shares of 17,835 Brixmor Property Group Inc. $BRX

Cibc World Market Inc. purchased a new position in shares of Brixmor Property Group Inc. (NYSE:BRX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,835 shares of the real estate investment trust’s stock, valued at approximately $562,000.

Several other hedge funds have also made changes to their positions in the business. Sanctuary Advisors LLC purchased a new stake in shares of Brixmor Property Group in the second quarter valued at $213,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in Brixmor Property Group during the second quarter worth about $223,000. Globeflex Capital L P purchased a new position in Brixmor Property Group during the second quarter worth about $504,000. Bank of Nova Scotia acquired a new stake in Brixmor Property Group in the 2nd quarter worth about $322,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Brixmor Property Group in the 2nd quarter worth about $508,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on BRX. Jefferies Financial Group raised shares of Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. Truist Financial boosted their target price on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. KeyCorp upped their price target on shares of Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Finally, BMO Capital Markets increased their price target on shares of Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.33.

Brixmor Property Group Price Performance

BRX stock opened at $29.19 on Friday. The stock has a 50-day moving average price of $31.00 and a two-hundred day moving average price of $30.35. Brixmor Property Group Inc. has a 12-month low of $24.66 and a 12-month high of $32.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The company has a market cap of $8.96 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 2.21 and a beta of 0.98.

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

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio is 87.86%.

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.