Brixmor Property Group (NYSE:BRX) Sets New 12-Month High on Better-Than-Expected Earnings

Shares of Brixmor Property Group Inc. (NYSE:BRX) reached a new 52-week high during mid-day trading on Tuesday following a better than expected earnings announcement. The company traded as high as $28.98 and last traded at $28.8340, with a volume of 324884 shares trading hands. The stock had previously closed at $28.14.

The real estate investment trust reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The business had revenue of $353.75 million during the quarter, compared to analysts’ expectations of $347.42 million. During the same period last year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd will be given a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, April 2nd. Brixmor Property Group’s payout ratio is currently 112.84%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. 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 report on Wednesday, January 14th. UBS Group boosted their price target on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Wells Fargo & Company began coverage on Brixmor Property Group in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus price target of $30.30.

Institutional Investors Weigh In On Brixmor Property Group

Several hedge funds and other institutional investors have recently made changes to their positions in BRX. Norges Bank acquired a new position in Brixmor Property Group in the fourth quarter valued at approximately $112,307,000. IFG Advisory LLC boosted its holdings in shares of Brixmor Property Group by 12.3% in the 4th quarter. IFG Advisory LLC now owns 14,220 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 1,556 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Brixmor Property Group by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 6,266,337 shares of the real estate investment trust’s stock valued at $164,334,000 after buying an additional 119,786 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in Brixmor Property Group during the 4th quarter worth $285,000. Finally, Clearstead Advisors LLC lifted its position in Brixmor Property Group by 96.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 495 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 2.4%

The business’s 50-day moving average is $26.17 and its two-hundred day moving average is $26.67. The stock has a market capitalization of $8.82 billion, a PE ratio of 26.45, a PEG ratio of 2.51 and a beta of 1.10. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85.

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.