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

Brixmor Property Group Inc. (NYSE:BRX)’s stock price hit a new 52-week high during trading 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 changing hands. The stock had previously closed at $29.29.

Several other analysts have also weighed in on BRX. JPMorgan Chase & Co. raised their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. UBS Group boosted their price objective on 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 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, Wells Fargo & Company initiated coverage on Brixmor Property Group in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.40.

Insiders Place Their Bets

In other news, Director Julie Bowerman sold 8,000 shares of the firm’s stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.75% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brixmor Property Group

Several hedge funds have recently modified their holdings of BRX. Norges Bank acquired a new position in Brixmor Property Group during the fourth quarter valued at approximately $112,307,000. Centersquare Investment Management LLC grew its stake in shares of 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 buying an additional 2,275,242 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of 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 buying an additional 2,119,890 shares in the last quarter. Heitman Real Estate Securities LLC acquired a new position in Brixmor Property Group during the fourth quarter worth $48,503,000. Finally, Prudential Financial Inc. raised its position in Brixmor Property Group by 160.7% during the second quarter. Prudential Financial Inc. now owns 2,924,404 shares of the real estate investment trust’s stock worth $76,151,000 after acquiring an additional 1,802,813 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Down 0.3%

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 business’s 50 day simple moving average is $26.55 and its 200 day simple moving average is $26.78. The stock has a market cap of $8.96 billion, a price-to-earnings ratio of 23.23, 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, topping analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $353.75 million for the quarter, compared to the consensus estimate of $347.42 million. Brixmor Property Group had a return on equity of 13.00% and a net margin of 28.16%.The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. On average, research analysts expect that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be paid a $0.3075 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.23 annualized dividend and a yield of 4.2%. Brixmor Property Group’s payout ratio is 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.