Truist Financial Issues Positive Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

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

BRX has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, February 20th. UBS Group boosted their price objective on shares of Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Scotiabank cut their target price on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating for the company in a research report on Wednesday, January 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Finally, Piper Sandler increased their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.82.

Brixmor Property Group Trading Down 1.2%

NYSE BRX opened at $30.22 on Thursday. The firm’s 50 day moving average price is $27.64 and its two-hundred day moving average price is $27.12. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.11 and a current ratio of 1.11. Brixmor Property Group has a twelve month low of $22.28 and a twelve month high of $30.70. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 2.75 and a beta of 1.06.

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

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, April 2nd. Brixmor Property Group’s dividend payout ratio is 97.62%.

Insider Buying and Selling at Brixmor Property Group

In related news, Director Julie Bowerman sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $29.03, for a total value of $232,240.00. Following the transaction, the director directly 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 link. Insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Brixmor Property Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BRX. Norges Bank acquired a new stake in shares of Brixmor Property Group in the fourth quarter worth $112,307,000. Centersquare Investment Management LLC grew its stake in Brixmor Property Group by 22.5% in the 4th 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 during the last quarter. Wellington Management Group LLP raised its holdings in Brixmor Property Group by 49.6% in the 3rd quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock worth $177,041,000 after acquiring an additional 2,119,890 shares during the period. Heitman Real Estate Securities LLC acquired a new position in Brixmor Property Group during the 4th quarter worth $48,503,000. Finally, Prudential Financial Inc. boosted its holdings 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 valued at $76,151,000 after acquiring an additional 1,802,813 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.