Brixmor Property Group (NYSE:BRX) Hits New 12-Month High – Here’s Why

Brixmor Property Group Inc. (NYSE:BRX) shares hit a new 52-week high on Monday . The stock traded as high as $30.70 and last traded at $30.6230, with a volume of 1184496 shares trading hands. The stock had previously closed at $30.27.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BRX. 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 research report on Thursday, January 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Scotiabank dropped their price objective on shares of 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. JPMorgan Chase & Co. raised their target price on shares of Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Finally, Piper Sandler boosted their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.70.

Brixmor Property Group Price Performance

The stock has a market cap of $9.38 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 2.76 and a beta of 1.06. 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 company’s fifty day moving average is $27.48 and its 200 day moving average is $27.07.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $353.75 million during the quarter, compared to analyst estimates of $347.42 million. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. As a group, sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business 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 dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Thursday, April 2nd. Brixmor Property Group’s payout ratio is currently 97.62%.

Insider Activity

In other news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $29.03, for a total value of $232,240.00. Following the completion of the sale, the director owned 18,400 shares in the company, valued at approximately $534,152. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.75% of the company’s stock.

Institutional Trading of Brixmor Property Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Brixmor Property Group by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock valued at $1,179,543,000 after purchasing an additional 198,567 shares during the last quarter. State Street Corp boosted its stake in shares of Brixmor Property Group by 0.5% during 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 buying an additional 81,497 shares during the last quarter. Centersquare Investment Management LLC grew its position in shares of Brixmor Property Group by 22.5% during the fourth 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 in the last quarter. Franklin Resources Inc. increased its stake in shares of 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 buying an additional 51,778 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Brixmor Property Group by 3.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock valued at $214,040,000 after acquiring an additional 272,616 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

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.