Brixmor Property Group (NYSE:BRX) Upgraded at Evercore

Evercore upgraded shares of Brixmor Property Group (NYSE:BRX) to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

BRX has been the subject of several other reports. Piper Sandler lifted their target price on Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Scotiabank lifted their target price on Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research report on Tuesday, March 24th. Truist Financial lifted their target price on Brixmor Property Group from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. lifted their target price on Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Finally, Stifel Nicolaus lifted their target price on Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.00.

Brixmor Property Group Stock Down 1.0%

Shares of NYSE:BRX opened at $29.78 on Wednesday. The business has a 50-day moving average price of $29.74 and a 200 day moving average price of $27.70. The company has a current ratio of 1.31, a quick ratio of 1.11 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $9.14 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.70 and a beta of 1.06. Brixmor Property Group has a 12-month low of $24.38 and a 12-month high of $31.49.

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

Brixmor Property Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be paid a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 85.42%.

Insider Activity

In other 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 owned 18,400 shares in the company, valued at approximately $534,152. This trade represents a 30.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.91% of the company’s stock.

Hedge Funds Weigh In On Brixmor Property Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Brixmor Property Group by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock valued at $1,179,543,000 after buying an additional 198,567 shares during the period. State Street Corp boosted its stake in shares of Brixmor Property Group by 0.5% in the 2nd quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock valued at $408,813,000 after buying an additional 81,497 shares during the period. Centersquare Investment Management LLC boosted its stake in shares of Brixmor Property Group by 22.5% in the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock valued at $324,722,000 after buying an additional 2,275,242 shares during the period. Franklin Resources Inc. boosted its stake in shares of 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 buying an additional 51,778 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Brixmor Property Group by 6.8% in the 3rd quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock valued at $222,457,000 after buying an additional 511,976 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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.