Brixmor Property Group (NYSE:BRX) Hits New 1-Year High – Still a Buy?

Brixmor Property Group Inc. (NYSE:BRX)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $31.70 and last traded at $31.7820, with a volume of 152392 shares trading hands. The stock had previously closed at $30.93.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BRX shares. Scotiabank lifted their price target on shares of Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, March 24th. UBS Group upped 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 report on Monday, May 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research report on Monday, May 4th. Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.64.

Brixmor Property Group Stock Performance

The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $9.75 billion, a PE ratio of 22.07, a P/E/G ratio of 2.56 and a beta of 0.99. The stock has a 50 day moving average of $30.02 and a two-hundred day moving average of $28.32.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. The business had revenue of $354.82 million for the quarter, compared to analysts’ expectations of $349.43 million. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Research analysts expect that Brixmor Property Group Inc. will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be issued a $0.3075 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.9%. Brixmor Property Group’s dividend payout ratio is currently 85.42%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Bayhunt Capital LLC acquired a new position in shares of Brixmor Property Group in the fourth quarter valued at approximately $14,793,000. Franklin Resources Inc. raised its position in shares of Brixmor Property Group by 0.4% in the third quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock valued at $338,747,000 after buying an additional 51,778 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Brixmor Property Group by 7.3% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,523,434 shares of the real estate investment trust’s stock valued at $125,209,000 after buying an additional 306,342 shares during the last quarter. Elo Mutual Pension Insurance Co raised its position in shares of Brixmor Property Group by 194.8% in the third quarter. Elo Mutual Pension Insurance Co now owns 58,402 shares of the real estate investment trust’s stock valued at $1,617,000 after buying an additional 38,590 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Brixmor Property Group by 253.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 509,625 shares of the real estate investment trust’s stock valued at $13,230,000 after buying an additional 365,535 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

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.