Brixmor Property Group (NYSE:BRX) Reaches New 12-Month High on Analyst Upgrade

Brixmor Property Group Inc. (NYSE:BRX)’s share price reached a new 52-week high during trading on Monday after BMO Capital Markets raised their price target on the stock from $35.00 to $37.00. BMO Capital Markets currently has an outperform rating on the stock. Brixmor Property Group traded as high as $32.80 and last traded at $32.5890, with a volume of 1195 shares traded. The stock had previously closed at $32.58.

A number of other research firms also recently weighed in on BRX. UBS Group raised their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Stifel Nicolaus raised their price target on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Wells Fargo & Company upped 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. Truist Financial upped their target price on Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Clearstead Advisors LLC lifted its holdings in Brixmor Property Group by 96.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 495 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Brixmor Property Group in the first quarter valued at $26,000. Loomis Sayles & Co. L P raised its stake in shares of Brixmor Property Group by 1,215.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,130 shares during the period. SHP Wealth Management bought a new stake in shares of Brixmor Property Group in the fourth quarter valued at $34,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Brixmor Property Group in the fourth quarter valued at $42,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

The stock has a market capitalization of $9.92 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 2.70 and a beta of 0.99. The company has a 50 day simple moving average of $30.30 and a 200-day simple moving average of $28.49. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick 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 (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.16. The firm had revenue of $354.82 million for the quarter, compared to analyst estimates of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. On average, equities analysts forecast that Brixmor Property Group Inc. will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

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

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.