Brixmor Property Group (NYSE:BRX) Reaches New 1-Year High – Time to Buy?

Brixmor Property Group Inc. (NYSE:BRX)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $31.70 and last traded at $31.7820, with a volume of 152392 shares changing hands. The stock had previously closed at $30.93.

Analyst Ratings Changes

BRX has been the subject of a number of research analyst reports. Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. Stifel Nicolaus raised their price objective on Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. Scotiabank raised their price objective on Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research report on Tuesday, March 24th. UBS Group raised their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Piper Sandler raised their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.64.

Brixmor Property Group Stock Up 0.3%

The company has a 50-day simple moving average of $30.15 and a 200-day simple moving average of $28.40. The firm has a market cap of $9.80 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.63 and a beta of 0.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.16. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The business had revenue of $354.82 million during the quarter, compared to analyst estimates of $349.43 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Analysts expect that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be issued a $0.3075 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.9%. Brixmor Property Group’s payout ratio is presently 85.42%.

Institutional Trading of Brixmor Property Group

A number of large investors have recently modified their holdings of BRX. Principal Financial Group Inc. boosted its holdings in shares of Brixmor Property Group by 686.1% in the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock valued at $149,083,000 after purchasing an additional 4,518,001 shares during the period. Norges Bank purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $112,307,000. Centersquare Investment Management LLC boosted its holdings 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 valued at $324,722,000 after purchasing an additional 2,275,242 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Brixmor Property Group by 49.6% in the third 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 during the period. Finally, Heitman Real Estate Securities LLC purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $48,503,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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.