Brixmor Property Group (NYSE:BRX) Hits New 12-Month High – Still a Buy?

Brixmor Property Group Inc. (NYSE:BRX) hit a new 52-week high during trading on Friday . The company traded as high as $30.71 and last traded at $30.6710, with a volume of 229794 shares changing hands. The stock had previously closed at $30.28.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Piper Sandler upped their target price 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. Scotiabank upped their target price on Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research report on Tuesday, March 24th. Truist Financial upped their target price on Brixmor Property Group from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. upped their price objective on 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, UBS Group upped their price objective on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.55.

Brixmor Property Group Stock Up 2.1%

The company has a market cap of $9.48 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 2.71 and a beta of 1.06. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.83. The business has a fifty day moving average of $29.45 and a two-hundred day moving average of $27.47.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The business had revenue of $353.75 million during 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 quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. As a group, equities analysts anticipate that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd were paid a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, April 2nd. Brixmor Property Group’s dividend payout ratio is presently 97.62%.

Insider Buying and Selling at Brixmor Property Group

In other news, Director Julie Bowerman sold 8,000 shares of the company’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 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 represents a 30.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in 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 valued at $1,179,543,000 after purchasing an additional 198,567 shares during the last quarter. State Street Corp raised its stake 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 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 purchasing an additional 2,275,242 shares during the last quarter. Franklin Resources Inc. raised its stake in Brixmor Property Group by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock valued at $338,747,000 after purchasing an additional 51,778 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Brixmor Property Group by 6.8% in the 3rd quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock valued at $222,457,000 after purchasing an additional 511,976 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Company Profile

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.