Brixmor Property Group (NYSE:BRX) Sets New 52-Week High After Analyst Upgrade

Brixmor Property Group Inc. (NYSE:BRX) hit a new 52-week high on Tuesday after Piper Sandler raised their price target on the stock from $31.00 to $34.00. Piper Sandler currently has an overweight rating on the stock. Brixmor Property Group traded as high as $29.60 and last traded at $29.2640, with a volume of 43426 shares. The stock had previously closed at $29.29.

Several other research analysts have also recently weighed in on BRX. Scotiabank decreased their price objective on shares of 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. JPMorgan Chase & Co. boosted their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. 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 price objective on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Wells Fargo & Company initiated coverage on Brixmor Property Group in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.40.

Insider Activity at Brixmor Property Group

In related news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total transaction of $232,240.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BRX. Mather Group LLC. purchased a new stake in Brixmor Property Group during the 3rd quarter valued at about $28,000. Clearstead Advisors LLC increased its stake in Brixmor Property Group by 96.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 495 shares during the period. Loomis Sayles & Co. L P lifted its position in Brixmor Property Group by 1,215.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,130 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of Brixmor Property Group during the third quarter valued at approximately $35,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in shares of Brixmor Property Group in the fourth quarter worth approximately $42,000. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Price 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 firm’s fifty day moving average price is $26.64 and its 200-day moving average price is $26.81. The stock has a market cap of $9.08 billion, a P/E ratio of 23.49, a PEG ratio of 2.60 and a beta of 1.10.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $353.75 million during 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 firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. Analysts forecast that Brixmor Property Group Inc. will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be paid a $0.3075 dividend. 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 (DPR) is presently 97.62%.

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.