Brixmor Property Group (NYSE:BRX) Price Target Raised to $33.00

Brixmor Property Group (NYSE:BRX) had its price target raised by JPMorgan Chase & Co. from $30.00 to $33.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. UBS Group upped their price objective on shares of Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Scotiabank dropped their price objective on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a report on Wednesday, January 14th. Finally, Piper Sandler increased their target price on Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.70.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $29.67 on Friday. The company has a market cap of $9.09 billion, a P/E ratio of 23.54, a P/E/G ratio of 2.67 and a beta of 1.10. The business has a fifty day simple moving average of $26.87 and a 200-day simple moving average of $26.87. Brixmor Property Group has a 52 week low of $22.28 and a 52 week high of $29.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.83.

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

Brixmor Property Group Dividend Announcement

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

Insider Activity

In related news, Director Julie Bowerman sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total value of $232,240.00. Following the sale, the director directly owned 18,400 shares in the company, valued at $534,152. The trade was a 30.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brixmor Property Group

A number of large investors have recently made changes to their positions in BRX. Clearstead Advisors LLC grew its holdings in shares of Brixmor Property Group by 96.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 495 shares in the last quarter. Mather Group LLC. purchased a new stake in Brixmor Property Group in the 3rd quarter worth about $28,000. Loomis Sayles & Co. L P boosted its position in Brixmor Property Group by 1,215.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,130 shares during the period. Quent Capital LLC purchased a new position in Brixmor Property Group during the 3rd quarter valued at about $35,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Brixmor Property Group in the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.