Brixmor Property Group (NYSE:BRX) Hits New 12-Month High – Still a Buy?

Brixmor Property Group Inc. (NYSE:BRX) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $30.71 and last traded at $30.6710, with a volume of 229794 shares. The stock had previously closed at $30.28.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Truist Financial increased their price target on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. JPMorgan Chase & Co. upped their price objective on shares of Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Piper Sandler upped their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company upped their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $31.55.

Brixmor Property Group Stock Performance

The firm’s fifty day moving average price is $29.45 and its 200 day moving average price is $27.47. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 2.71 and a beta of 1.06. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.83.

Brixmor Property Group (NYSE:BRX) last released its earnings results 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 company 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 revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. Analysts forecast that Brixmor Property Group Inc. will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were given a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, April 2nd. Brixmor Property Group’s payout ratio is currently 97.62%.

Insiders Place Their Bets

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of Brixmor Property Group stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $29.03, for a total value of $232,240.00. Following the completion of the transaction, the director directly owned 18,400 shares of the company’s stock, valued at $534,152. The trade was a 30.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Brixmor Property Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearstead Advisors LLC boosted its stake in shares of Brixmor Property Group by 96.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 495 shares during the period. Mather Group LLC. purchased a new position in shares of Brixmor Property Group in the 3rd quarter valued at about $28,000. Loomis Sayles & Co. L P boosted its stake in shares of Brixmor Property Group by 1,215.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,130 shares during the period. SHP Wealth Management purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at about $34,000. Finally, Quent Capital LLC purchased a new position in shares of Brixmor Property Group in the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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.