Brixmor Property Group (NYSE:BRX) Price Target Raised to $32.00

Brixmor Property Group (NYSE:BRX) had its price target hoisted by Truist Financial from $29.00 to $32.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

BRX has been the topic of a number of other reports. JPMorgan Chase & Co. lifted their price target on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. UBS Group lifted 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. Scotiabank decreased their target price on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, January 14th. Finally, Piper Sandler increased their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.82.

Brixmor Property Group Trading Down 0.4%

Shares of BRX opened at $30.08 on Thursday. 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 has a 1 year low of $22.28 and a 1 year high of $30.70. The company has a 50 day simple moving average of $27.72 and a two-hundred day simple moving average of $27.14. The firm has a market cap of $9.22 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 2.70 and a beta of 1.06.

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

Brixmor Property Group Dividend Announcement

The firm 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 $0.3075 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.1%. Brixmor Property Group’s payout ratio is 97.62%.

Insider Activity

In related news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction dated 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 owned 18,400 shares of the company’s stock, valued at approximately $534,152. This trade represents a 30.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Institutional Investors Weigh In On Brixmor Property Group

Several large investors have recently added to or reduced their stakes in BRX. NewEdge Advisors LLC grew its stake in Brixmor Property Group by 4.6% in the 4th quarter. NewEdge Advisors LLC now owns 8,657 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 384 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of 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 during the period. State of Michigan Retirement System boosted its holdings in shares of Brixmor Property Group by 0.5% in the second quarter. State of Michigan Retirement System now owns 73,607 shares of the real estate investment trust’s stock valued at $1,917,000 after purchasing an additional 400 shares during the period. 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 worth $534,000 after purchasing an additional 465 shares in the last quarter. Finally, Compound Planning Inc. grew its stake in Brixmor Property Group by 5.4% in the fourth quarter. Compound Planning Inc. now owns 9,117 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 466 shares in the last quarter. 98.43% of the stock is owned by institutional investors.

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.