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

Brixmor Property Group (NYSE:BRX) had its price target increased by Piper Sandler from $31.00 to $34.00 in a research report report published on Tuesday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the real estate investment trust’s stock.

BRX has been the subject of a number of other reports. Scotiabank decreased their price objective on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research note on Wednesday, January 14th. UBS Group raised their target price on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Wells Fargo & Company initiated coverage on Brixmor Property Group in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 target price for the company. JPMorgan Chase & Co. upped their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.40.

Brixmor Property Group Trading Up 1.1%

BRX opened at $29.60 on Tuesday. The firm has a 50 day simple moving average of $26.64 and a 200 day simple moving average of $26.81. Brixmor Property Group has a fifty-two week low of $22.28 and a fifty-two week high of $29.65. The company has a market cap of $9.08 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 1.11.

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

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.3075 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.23 annualized dividend and a dividend yield of 4.2%. Brixmor Property Group’s dividend payout ratio is currently 97.62%.

Insider Activity at Brixmor Property Group

In related news, Director Julie Bowerman sold 8,000 shares of the company’s 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 completion of the transaction, the director directly owned 18,400 shares of the company’s stock, valued at approximately $534,152. This represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of Brixmor Property Group by 39.9% in the 1st quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock valued at $5,405,000 after buying an additional 58,058 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Brixmor Property Group by 5.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock worth $45,231,000 after buying an additional 89,827 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Brixmor Property Group by 4.7% during the second quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 451 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in Brixmor Property Group by 48.1% in the second quarter. Mutual of America Capital Management LLC now owns 233,136 shares of the real estate investment trust’s stock valued at $6,071,000 after acquiring an additional 75,679 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Brixmor Property Group in the second quarter valued at $2,210,000. Institutional investors and hedge funds 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.