Brixmor Property Group (NYSE:BRX) Price Target Raised to $32.00

Brixmor Property Group (NYSE:BRX) had its price target raised by Wells Fargo & Company from $28.00 to $32.00 in a research report sent to investors on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the real estate investment trust’s stock.

BRX has been the subject of a number of other research reports. Scotiabank dropped their price target on 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. Truist Financial boosted their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. UBS Group raised their target price on shares of Brixmor Property Group from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a research report on Monday, December 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, February 20th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.18.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $28.70 on Thursday. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 2.58 and a beta of 1.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 1.11. The business’s 50 day simple moving average is $28.43 and its 200-day simple moving average is $27.28. Brixmor Property Group has a 12 month low of $22.28 and a 12 month high of $30.70.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 13.00% and a net margin of 28.16%.Brixmor Property Group’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. 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 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd will be given a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Thursday, April 2nd. Brixmor Property Group’s dividend payout ratio is currently 97.62%.

Insider Activity at Brixmor Property Group

In related news, Director Julie Bowerman sold 8,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $29.03, for a total transaction of $232,240.00. Following the sale, the director owned 18,400 shares of the company’s stock, valued at $534,152. This trade represents a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.75% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRX. Elo Mutual Pension Insurance Co lifted its stake in shares of Brixmor Property Group by 194.8% during 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 period. Retirement Systems of Alabama boosted its position in Brixmor Property Group by 6.0% during the third quarter. Retirement Systems of Alabama now owns 1,057,592 shares of the real estate investment trust’s stock worth $29,274,000 after acquiring an additional 60,017 shares during the last quarter. Aew Capital Management L P grew its stake in Brixmor Property Group by 75.6% in the 3rd quarter. Aew Capital Management L P now owns 2,882,414 shares of the real estate investment trust’s stock worth $79,785,000 after acquiring an additional 1,241,326 shares during the period. Franklin Resources Inc. raised its holdings in Brixmor Property Group by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock valued at $338,747,000 after acquiring an additional 51,778 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in Brixmor Property Group by 6.7% in the 3rd quarter. Captrust Financial Advisors now owns 3,567,636 shares of the real estate investment trust’s stock valued at $98,752,000 after acquiring an additional 224,637 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

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.