Brixmor Property Group (NYSE:BRX) Sets New 12-Month High After Analyst Upgrade

Brixmor Property Group Inc. (NYSE:BRX)’s stock price hit a new 52-week high on Monday after BMO Capital Markets raised their price target on the stock from $35.00 to $37.00. BMO Capital Markets currently has an outperform rating on the stock. Brixmor Property Group traded as high as $32.80 and last traded at $32.5890, with a volume of 1195 shares trading hands. The stock had previously closed at $32.58.

Several other analysts have also recently commented on the company. Wells Fargo & Company increased their target price on Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Stifel Nicolaus raised their price target on Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a report on Tuesday, April 28th. Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Scotiabank raised their price target on Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a report on Tuesday, March 24th. Finally, KeyCorp raised their price target on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued 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 an average target price of $33.00.

Institutional Investors Weigh In On Brixmor Property Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in Brixmor Property Group by 4.6% in the fourth quarter. NewEdge Advisors LLC now owns 8,657 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 384 shares in the last quarter. Parallel Advisors LLC grew its stake in Brixmor Property Group by 17.4% in the third quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 398 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in Brixmor Property Group by 4.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 10,775 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 413 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Brixmor Property Group by 0.9% in the first quarter. IFM Investors Pty Ltd now owns 50,073 shares of the real estate investment trust’s stock valued at $1,442,000 after purchasing an additional 459 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Brixmor Property Group by 2.5% in the third quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock valued at $534,000 after purchasing an additional 465 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. The stock has a 50 day simple moving average of $30.30 and a two-hundred day simple moving average of $28.49. The stock has a market capitalization of $9.92 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.70 and a beta of 0.99.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, topping 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 company had revenue of $354.82 million during the quarter, compared to the consensus estimate of $349.43 million. During the same period in the previous year, the company posted $0.56 EPS. The firm’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. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 3.8%. Brixmor Property Group’s payout ratio is currently 85.42%.

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.