Brixmor Property Group (NYSE:BRX) Sets New 52-Week High Following Analyst Upgrade

Shares of Brixmor Property Group Inc. (NYSE:BRX) hit a new 52-week high on Wednesday after Piper Sandler raised their price target on the stock from $34.00 to $40.00. Piper Sandler currently has an overweight rating on the stock. Brixmor Property Group traded as high as $32.86 and last traded at $32.5950, with a volume of 61327 shares. The stock had previously closed at $32.69.

Other equities analysts have also recently issued research reports about the stock. Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. KeyCorp boosted their price objective on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. 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. Stifel Nicolaus increased their target price on Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. Finally, BMO Capital Markets lifted their target price on Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $33.75.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake in Brixmor Property Group by 112.5% during the first quarter. NewEdge Advisors LLC now owns 18,398 shares of the real estate investment trust’s stock worth $530,000 after acquiring an additional 9,741 shares during the period. Amundi boosted its stake in Brixmor Property Group by 24.8% in the first quarter. Amundi now owns 226,148 shares of the real estate investment trust’s stock valued at $6,513,000 after acquiring an additional 44,965 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Brixmor Property Group by 96.9% in the first quarter. EverSource Wealth Advisors LLC now owns 2,762 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 1,359 shares during the period. California State Teachers Retirement System boosted its stake in Brixmor Property Group by 23.9% in the first quarter. California State Teachers Retirement System now owns 360,085 shares of the real estate investment trust’s stock valued at $10,370,000 after acquiring an additional 69,406 shares during the period. Finally, Empowered Funds LLC bought a new position in shares of Brixmor Property Group during the first quarter valued at approximately $333,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Price Performance

The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. The company has a fifty day moving average price of $31.27 and a 200 day moving average price of $29.66. The company has a market capitalization of $9.79 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.16. The business had revenue of $354.82 million for the quarter, compared to the consensus estimate of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. On average, sell-side analysts forecast that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

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.