UBS Group Issues Positive Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its target price raised by UBS Group from $34.00 to $37.00 in a research note released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other analysts also recently commented on BRX. Truist Financial upped their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th. Wells Fargo & Company upped their price target on Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 26th. KeyCorp lifted their price objective on shares of Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Jefferies Financial Group raised shares of Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Finally, Scotiabank raised their target price on shares of Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $33.25.

Brixmor Property Group Stock Up 0.3%

Brixmor Property Group stock opened at $30.96 on Thursday. The stock has a 50-day simple moving average of $30.86 and a 200-day simple moving average of $29.26. The company has a market capitalization of $9.50 billion, a P/E ratio of 21.50, a PEG ratio of 2.59 and a beta of 0.98. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31. Brixmor Property Group has a fifty-two week low of $24.66 and a fifty-two week high of $32.80.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. The company had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Equities research analysts expect that Brixmor Property Group will post 2.36 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, July 15th. Shareholders of record on Thursday, July 2nd will be issued a $0.3075 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.0%. Brixmor Property Group’s dividend payout ratio (DPR) is 85.42%.

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Brixmor Property Group in the first quarter valued at about $26,000. Clearstead Advisors LLC grew its position in 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 worth $26,000 after buying an additional 495 shares during the period. Loomis Sayles & Co. L P increased its holdings in Brixmor Property Group by 1,215.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,130 shares in the last quarter. SHP Wealth Management purchased a new position in Brixmor Property Group in the fourth quarter valued at about $34,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Brixmor Property Group during the 4th quarter valued at approximately $42,000. 98.43% of the stock is owned by institutional investors and hedge funds.

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.