Brixmor Property Group (NYSE:BRX) Reaches New 1-Year High Following Analyst Upgrade

Brixmor Property Group Inc. (NYSE:BRX) reached a new 52-week high during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $30.00 to $33.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Brixmor Property Group traded as high as $29.71 and last traded at $29.8950, with a volume of 3130360 shares trading hands. The stock had previously closed at $29.33.

Other analysts have also issued reports about the stock. Piper Sandler increased their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. UBS Group boosted their price objective on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Scotiabank lowered their target price on shares of 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. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus target price of $30.70.

Insider Activity at Brixmor Property Group

In related news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction that occurred 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 $534,152. This trade represents a 30.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BRX. Royal Bank of Canada grew its holdings in shares of Brixmor Property Group by 39.9% during the first 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. lifted its position in Brixmor Property Group by 5.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock worth $45,231,000 after acquiring an additional 89,827 shares during the period. Asset Management One Co. Ltd. grew its stake in Brixmor Property Group by 3.4% during the 2nd quarter. Asset Management One Co. Ltd. now owns 459,661 shares of the real estate investment trust’s stock valued at $11,970,000 after purchasing an additional 14,967 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in Brixmor Property Group by 1.5% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 338,513 shares of the real estate investment trust’s stock valued at $8,815,000 after purchasing an additional 5,131 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Brixmor Property Group by 28.8% in the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 149,671 shares of the real estate investment trust’s stock valued at $3,897,000 after purchasing an additional 33,506 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

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 stock has a market capitalization of $9.14 billion, a PE ratio of 23.66, a PEG ratio of 2.67 and a beta of 1.10. The firm has a 50 day moving average price of $26.95 and a 200-day moving average price of $26.90.

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

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Brixmor Property Group’s payout ratio is 97.62%.

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.