Brixmor Property Group (NYSE:BRX) Stock Price Crosses Above 50-Day Moving Average on Disappointing Earnings

Brixmor Property Group Inc. (NYSE:BRX)’s stock price passed above its 50 day moving average during trading on Tuesday following a better than expected earnings announcement. The stock has a 50 day moving average of $28.28 and traded as high as $28.85. Brixmor Property Group shares last traded at $28.7050, with a volume of 4,495,127 shares.

The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.31). The business had revenue of $359.60 million during the quarter, compared to analysts’ expectations of $357.28 million. Brixmor Property Group’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, January 5th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, January 5th. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.3075.

Brixmor Property Group News Summary

Here are the key news stories impacting Brixmor Property Group this week:

• Positive Sentiment: Third-quarter Nareit FFO was $0.60 per diluted share, ahead of the $0.59 consensus estimate and up from $0.56 a year earlier. Revenue rose 5.5% year over year to $359.6 million, exceeding expectations. Brixmor Property Q3 FFO and Revenues Top Estimates
• Positive Sentiment: Operating metrics were strong: total leased occupancy reached a record 95.6%, same-property net operating income increased 6.6%, and new and renewal leases generated a 25.3% rent spread. Brixmor Third-Quarter Results
• Positive Sentiment: Brixmor raised its 2026 Nareit FFO outlook to $2.36-$2.38 per share, signaling confidence in continuing property-level growth.
• Positive Sentiment: The quarterly dividend was increased 7.3% to $0.33 per share, or $1.32 annualized, equating to an approximately 4.7% yield. The next payment is scheduled for January 15 to shareholders of record January 5.
• Neutral Sentiment: The approximately $2.34 billion Slate Grocery REIT transaction remains on track to close in the first quarter of 2027, subject to customary conditions. The deal could expand Brixmor’s platform but introduces execution and integration considerations. Brixmor Reports Q3 Results and Raises Outlook
• Negative Sentiment: Reported diluted GAAP EPS of $0.28 was below the $0.59 analyst consensus and declined from $0.56 a year earlier, potentially weighing on sentiment despite the FFO beat. Brixmor Earnings Report
• Negative Sentiment: Stifel Nicolaus lowered its price target from $32.00 to $30.50 and maintained a “hold” rating. The revised target still implies roughly 6.3% potential upside, but reflects more limited near-term appreciation. Stifel Nicolaus BRX Rating

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BRX shares. Citigroup boosted their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. KeyCorp reiterated an “overweight” rating and set a $34.00 target price on shares of Brixmor Property Group in a research report on Wednesday, October 7th. Truist Financial started coverage on shares of Brixmor Property Group in a research note on Friday, October 2nd. They issued a “buy” rating and a $31.00 target price for the company. Finally, UBS Group reduced their target price on shares of Brixmor Property Group from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.14.

Institutional Investors Weigh In On Brixmor Property Group

Several institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new position in shares of Brixmor Property Group in the second quarter worth $26,000. Parkside Financial Bank & Trust grew its position in shares of Brixmor Property Group by 103.7% in the second quarter. Parkside Financial Bank & Trust now owns 876 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 446 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Brixmor Property Group in the first quarter valued at $26,000. Jones Financial Companies Lllp bought a new stake in shares of Brixmor Property Group during the 2nd quarter valued at $29,000. Finally, Allworth Financial LP bought a new stake in shares of Brixmor Property Group during the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

The business has a 50 day moving average of $28.28 and a 200-day moving average of $29.48.

About Brixmor Property Group

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.