Brixmor Property Group (NYSE:BRX) Reaches New 1-Year High on Analyst Upgrade

Shares of Brixmor Property Group Inc. (NYSE:BRX) reached a new 52-week high during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $30.00 to $33.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Brixmor Property Group traded as high as $29.71 and last traded at $29.8950, with a volume of 3130360 shares trading hands. The stock had previously closed at $29.33.

Several other research firms have also recently commented on BRX. UBS Group lifted their target price on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Piper Sandler lifted their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Finally, Scotiabank decreased their price target on Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, January 14th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.70.

Insider Activity

In other news, Director Julie Bowerman sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BRX. Norges Bank acquired a new stake in shares of Brixmor Property Group during the fourth quarter worth approximately $112,307,000. Centersquare Investment Management LLC lifted its holdings in Brixmor Property Group by 22.5% during the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after buying an additional 2,275,242 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of 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 valued at $177,041,000 after acquiring an additional 2,119,890 shares during the last quarter. Heitman Real Estate Securities LLC bought a new stake in shares of Brixmor Property Group in the 4th quarter valued at approximately $48,503,000. Finally, Prudential Financial Inc. lifted its stake 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 purchasing an additional 1,802,813 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Trading Up 1.6%

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 50 day moving average is $26.87 and its two-hundred day moving average is $26.87. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 2.67 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. Brixmor Property Group had a return on equity of 13.00% and a net margin of 28.16%.The business had revenue of $353.75 million for the quarter, compared to analysts’ expectations of $347.42 million. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. Equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Thursday, April 2nd will be issued a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) 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.