Brixmor Property Group (NYSE:BRX) Hits New 1-Year High After Analyst Upgrade

Brixmor Property Group Inc. (NYSE:BRX) reached a new 52-week high during mid-day trading on Tuesday after Piper Sandler raised their price target on the stock from $31.00 to $34.00. Piper Sandler currently has an overweight rating on the stock. Brixmor Property Group traded as high as $29.60 and last traded at $29.2640, with a volume of 43426 shares changing hands. The stock had previously closed at $29.29.

A number of other research firms have also recently weighed in on BRX. Scotiabank cut their price objective on shares of 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. Wells Fargo & Company began coverage on Brixmor Property Group in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. JPMorgan Chase & Co. increased their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, UBS Group increased their price target on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $30.40.

Insider Activity

In related news, Director Julie Bowerman sold 8,000 shares of the company’s stock in a transaction dated 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 sale, the director owned 18,400 shares of the company’s stock, valued at approximately $534,152. This represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.75% of the stock is owned by corporate insiders.

Institutional Trading of Brixmor Property Group

A number of large investors have recently modified their holdings of BRX. Norges Bank purchased a new stake in Brixmor Property Group during the 4th quarter worth about $112,307,000. Centersquare Investment Management LLC boosted its stake in shares of Brixmor Property Group by 22.5% in the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock valued at $324,722,000 after buying an additional 2,275,242 shares during the period. Wellington Management Group LLP grew its position in shares of Brixmor Property Group by 49.6% during the third quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock worth $177,041,000 after buying an additional 2,119,890 shares in the last quarter. Heitman Real Estate Securities LLC purchased a new stake in shares of Brixmor Property Group during the fourth quarter worth approximately $48,503,000. Finally, Prudential Financial Inc. raised its holdings in Brixmor Property Group by 160.7% in the second quarter. Prudential Financial Inc. now owns 2,924,404 shares of the real estate investment trust’s stock valued at $76,151,000 after acquiring an additional 1,802,813 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 1.2%

The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $8.97 billion, a PE ratio of 23.21, a P/E/G ratio of 2.62 and a beta of 1.10. The business’s 50 day moving average is $26.72 and its 200-day moving average is $26.82.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $353.75 million for the quarter, compared to the consensus estimate of $347.42 million. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. As a group, analysts predict that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.3075 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 97.62%.

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.