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

Shares of Brixmor Property Group Inc. (NYSE:BRX) reached a new 52-week high during 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 trading hands. The stock had previously closed at $29.29.

A number of other equities research analysts have also commented on the company. UBS Group upped their price target on Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. increased their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Scotiabank dropped their price target 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Finally, Wells Fargo & Company started coverage on shares of Brixmor Property Group in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.40.

Insider Activity

In related news, Director Julie Bowerman sold 8,000 shares of Brixmor Property Group stock in a transaction 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 transaction, the director owned 18,400 shares in the company, valued at $534,152. This trade represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in Brixmor Property Group in the fourth quarter valued at $112,307,000. Centersquare Investment Management LLC grew its stake in shares of Brixmor Property Group by 22.5% in the fourth quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after acquiring an additional 2,275,242 shares during the last quarter. Wellington Management Group LLP increased its stake in Brixmor Property Group by 49.6% during the 3rd quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock valued at $177,041,000 after purchasing an additional 2,119,890 shares in the last quarter. Heitman Real Estate Securities LLC purchased a new position in Brixmor Property Group in the 4th quarter worth approximately $48,503,000. Finally, Prudential Financial Inc. increased its holdings in Brixmor Property Group by 160.7% in the 2nd quarter. Prudential Financial Inc. now owns 2,924,404 shares of the real estate investment trust’s stock worth $76,151,000 after buying an additional 1,802,813 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.3%

The company has a market cap of $8.96 billion, a PE ratio of 23.23, a PEG ratio of 2.60 and a beta of 1.10. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.83. The company’s fifty day moving average is $26.55 and its 200-day moving average is $26.78.

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

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be given a $0.3075 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.23 annualized dividend 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.