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

Brixmor Property Group Inc. (NYSE:BRX) shares hit a new 52-week high during trading on Wednesday after Piper Sandler raised their price target on the stock from $34.00 to $40.00. Piper Sandler currently has an overweight rating on the stock. Brixmor Property Group traded as high as $32.86 and last traded at $32.5950, with a volume of 61327 shares. The stock had previously closed at $32.69.

Several other research analysts have also recently issued reports on BRX. Truist Financial lifted their target price on Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Wells Fargo & Company increased their price target on Brixmor Property Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Monday, May 4th. UBS Group increased their target price on shares of Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Stifel Nicolaus raised their price target on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Brixmor Property Group presently has an average rating of “Buy” and a consensus target price of $33.75.

Hedge Funds Weigh In On Brixmor Property Group

A number of hedge funds and other institutional investors have recently made changes to their positions in BRX. Principal Financial Group Inc. grew its position in shares of Brixmor Property Group by 686.1% during the 1st 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 acquiring an additional 4,518,001 shares during the period. Norges Bank bought a new stake in shares of Brixmor Property Group in the 4th quarter worth approximately $112,307,000. Centersquare Investment Management LLC lifted its stake in 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 last quarter. Wellington Management Group LLP lifted its stake in 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 last quarter. Finally, Heitman Real Estate Securities LLC bought a new position in Brixmor Property Group during the fourth quarter valued at $48,503,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Trading Down 0.8%

The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a fifty day simple moving average of $31.23 and a two-hundred day simple moving average of $29.62. The firm has a market capitalization of $9.95 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last issued 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 firm had revenue of $354.82 million for the quarter, compared to analyst estimates of $349.43 million. During the same period in the previous year, the company posted $0.56 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. On average, equities research analysts anticipate that Brixmor Property Group Inc. will post 2.36 earnings per share for the current fiscal year.

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.