Brixmor Property Group (NYSE:BRX) Sets New 1-Year High on Analyst Upgrade

Brixmor Property Group Inc. (NYSE:BRX) hit a new 52-week high during mid-day trading on Wednesday after Piper Sandler raised their price target on the stock from $34.00 to $40.00. Piper Sandler currently has an overweight rating on the stock. Brixmor Property Group traded as high as $32.86 and last traded at $32.5950, with a volume of 61327 shares. The stock had previously closed at $32.69.

A number of other research analysts have also issued reports on the company. Wells Fargo & Company lifted their target price on Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Monday, May 4th. UBS Group lifted their price objective on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. KeyCorp boosted their target price on shares of Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Finally, Jefferies Financial Group raised shares of Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group has a consensus rating of “Buy” and an average price target of $33.75.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BRX. Clearstead Advisors LLC boosted its holdings in Brixmor Property Group by 96.9% during the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 495 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Brixmor Property Group in the first quarter valued at approximately $26,000. Loomis Sayles & Co. L P increased its holdings in shares of Brixmor Property Group by 1,215.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,130 shares in the last quarter. SHP Wealth Management bought a new position in Brixmor Property Group in the 4th quarter worth approximately $34,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new position in Brixmor Property Group in the 4th quarter worth approximately $42,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

The firm has a fifty day simple moving average of $31.16 and a 200-day simple moving average of $29.58. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 2.72 and a beta of 0.98.

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

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.