Brixmor Property Group (NYSE:BRX) Upgraded by Jefferies Financial Group to Strong-Buy Rating

Jefferies Financial Group upgraded shares of Brixmor Property Group (NYSE:BRX) to a strong-buy rating in a research note released on Friday morning,Zacks.com reports.

BRX has been the topic of a number of other reports. BMO Capital Markets lifted their price objective on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, June 15th. KeyCorp upped their price objective on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th. Wells Fargo & Company increased their target price on Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Scotiabank boosted their price target on Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research note on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $33.00.

Brixmor Property Group Trading Up 1.0%

Shares of BRX stock opened at $32.41 on Friday. The firm has a fifty day moving average of $30.72 and a 200-day moving average of $28.88. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 2.69 and a beta of 0.98. Brixmor Property Group has a 52-week low of $24.66 and a 52-week high of $32.80. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31.

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 for the quarter, beating the consensus estimate of $0.25 by $0.16. The business had revenue of $354.82 million for the quarter, compared to analyst estimates of $349.43 million. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. On average, equities research analysts forecast that Brixmor Property Group will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be given a $0.3075 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 3.8%. Brixmor Property Group’s payout ratio is 85.42%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Brixmor Property Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock worth $1,179,543,000 after acquiring an additional 198,567 shares in the last quarter. State Street Corp raised its position in Brixmor Property Group by 0.5% in the 2nd quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock valued at $408,813,000 after purchasing an additional 81,497 shares during the last quarter. Centersquare Investment Management LLC raised its position 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 purchasing an additional 2,275,242 shares during the last quarter. Franklin Resources Inc. boosted its stake in Brixmor Property Group by 0.4% in the third 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. Finally, Invesco Ltd. boosted its stake in Brixmor Property Group by 6.8% in the third quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock worth $222,457,000 after purchasing an additional 511,976 shares in the last quarter. Institutional investors 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.