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

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on BRX shares. Truist Financial increased their price objective on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Stifel Nicolaus increased their price objective on shares of Brixmor Property Group from $29.75 to $31.00 and gave the stock a “hold” rating in a report on Tuesday, April 28th. KeyCorp increased their price objective 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, JPMorgan Chase & Co. increased 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. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Brixmor Property Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.64.

Brixmor Property Group Price Performance

The stock has a market cap 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 company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31. The business has a fifty day moving average of $30.02 and a 200 day moving average of $28.32.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 EPS for the quarter, beating 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%.Brixmor Property Group’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Sell-side analysts anticipate that Brixmor Property Group Inc. will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

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

Institutional Trading of Brixmor Property Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in Brixmor Property Group by 4.6% in the 4th quarter. NewEdge Advisors LLC now owns 8,657 shares of the real estate investment trust’s stock valued at $227,000 after purchasing an additional 384 shares during the period. Parallel Advisors LLC boosted its stake in Brixmor Property Group by 17.4% during the third quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 398 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in Brixmor Property Group by 4.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 10,775 shares of the real estate investment trust’s stock valued at $310,000 after purchasing an additional 413 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in Brixmor Property Group by 0.9% in the 1st quarter. IFM Investors Pty Ltd now owns 50,073 shares of the real estate investment trust’s stock worth $1,442,000 after buying an additional 459 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of Brixmor Property Group by 2.5% in the third quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock valued at $534,000 after purchasing an additional 465 shares in the last quarter. 98.43% of the stock is currently owned by 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.