Brixmor Property Group (NYSE:BRX) Price Target Raised to $33.00 at Scotiabank

Brixmor Property Group (NYSE:BRX) had its price objective hoisted by Scotiabank from $29.00 to $33.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a sector outperform rating on the real estate investment trust’s stock.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. UBS Group lifted their price objective on Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Piper Sandler increased their target price on Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company raised their price target on Brixmor Property Group from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Thursday, March 19th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.55.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $28.69 on Tuesday. The stock has a fifty day moving average price of $28.55 and a 200 day moving average price of $27.28. Brixmor Property Group has a 1-year low of $22.28 and a 1-year high of $30.70. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $8.80 billion, a PE ratio of 22.77, a P/E/G ratio of 2.59 and a beta of 1.06.

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 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 company had revenue of $353.75 million for the quarter, compared to analysts’ expectations of $347.42 million. During the same period in the previous year, the company posted $0.53 EPS. Brixmor Property Group’s 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. Sell-side analysts forecast that Brixmor Property Group will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The firm also recently disclosed 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. This represents a $1.23 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, April 2nd. Brixmor Property Group’s dividend payout ratio is presently 97.62%.

Insiders Place Their Bets

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $29.03, for a total transaction of $232,240.00. Following the completion of the transaction, the director directly owned 18,400 shares in the company, valued at approximately $534,152. This trade represents a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.91% of the company’s stock.

Institutional Trading of Brixmor Property Group

Several large investors have recently modified their holdings of the business. Elo Mutual Pension Insurance Co raised its holdings in shares of Brixmor Property Group by 194.8% in the third quarter. Elo Mutual Pension Insurance Co now owns 58,402 shares of the real estate investment trust’s stock worth $1,617,000 after acquiring an additional 38,590 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of Brixmor Property Group by 6.0% during the third quarter. Retirement Systems of Alabama now owns 1,057,592 shares of the real estate investment trust’s stock valued at $29,274,000 after acquiring an additional 60,017 shares during the last quarter. Aew Capital Management L P boosted its stake in shares of Brixmor Property Group by 75.6% during the third quarter. Aew Capital Management L P now owns 2,882,414 shares of the real estate investment trust’s stock valued at $79,785,000 after acquiring an additional 1,241,326 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Brixmor Property Group by 6.7% during the third quarter. Captrust Financial Advisors now owns 3,567,636 shares of the real estate investment trust’s stock valued at $98,752,000 after acquiring an additional 224,637 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Brixmor Property Group by 0.4% during the 3rd quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock worth $338,747,000 after purchasing an additional 51,778 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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.