Brixmor Property Group (NYSE:BRX) Price Target Raised to $34.00

Brixmor Property Group (NYSE:BRX) had its price target hoisted by Piper Sandler from $31.00 to $34.00 in a report issued on Tuesday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently issued reports on BRX. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. UBS Group boosted their target price on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. raised their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Wells Fargo & Company assumed coverage on shares of Brixmor Property Group in a research note on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price objective for the company. Finally, 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 report 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $30.40.

Brixmor Property Group Trading Up 0.3%

Shares of BRX stock opened at $29.33 on Tuesday. The firm’s 50-day simple moving average is $26.79 and its 200-day simple moving average is $26.84. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 1.11. Brixmor Property Group has a 1-year low of $22.28 and a 1-year high of $29.67. The firm has a market cap of $8.99 billion, a P/E ratio of 23.27, a PEG ratio of 2.63 and a beta of 1.10.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The firm had revenue of $353.75 million during the quarter, compared to the consensus estimate of $347.42 million. Brixmor Property Group had a net margin of 28.16% and a return on equity of 13.00%. Brixmor Property Group’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. As a group, equities analysts forecast that Brixmor Property Group 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. Shareholders of record on Thursday, April 2nd will be issued a $0.3075 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. Brixmor Property Group’s payout ratio is currently 97.62%.

Insiders Place Their Bets

In other news, Director Julie Bowerman sold 8,000 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 18,400 shares in the company, valued at $534,152. This trade represents a 30.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Retirement Systems of Alabama grew its position in Brixmor Property Group by 6.0% in the 3rd quarter. Retirement Systems of Alabama now owns 1,057,592 shares of the real estate investment trust’s stock worth $29,274,000 after purchasing an additional 60,017 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Brixmor Property Group by 27.2% during the second quarter. Westwood Holdings Group Inc. now owns 579,142 shares of the real estate investment trust’s stock worth $15,081,000 after buying an additional 123,695 shares during the period. Pacer Advisors Inc. acquired a new stake in Brixmor Property Group in the 3rd quarter valued at approximately $1,491,000. Metis Global Partners LLC raised its stake in Brixmor Property Group by 30.8% during the 2nd quarter. Metis Global Partners LLC now owns 50,676 shares of the real estate investment trust’s stock valued at $1,320,000 after acquiring an additional 11,928 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Brixmor Property Group by 8,330.1% during the 2nd quarter. American Century Companies Inc. now owns 858,354 shares of the real estate investment trust’s stock worth $22,352,000 after acquiring an additional 848,172 shares during the period. Hedge funds and other 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.