Brixmor Property Group (NYSE:BRX) Share Price Crosses Above 50-Day Moving Average on Disappointing Earnings

by · The Markets Daily

Shares of Brixmor Property Group Inc. (NYSE:BRX – Get Free Report) crossed above its fifty day moving average during trading on Tuesday following a better than expected earnings announcement. The stock has a fifty day moving average of $28.28 and traded as high as $28.85. Brixmor Property Group shares last traded at $28.7050, with a volume of 4,495,127 shares trading hands.

The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.31). The business had revenue of $359.60 million for the quarter, compared to analysts’ expectations of $357.28 million. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 earnings per share.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, January 5th will be issued a $0.33 dividend. The ex-dividend date is Tuesday, January 5th. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.3075. This represents a $1.32 annualized dividend and a yield of 4.6%.

Brixmor Property Group News Summary

Here are the key news stories impacting Brixmor Property Group this week:

  • Positive Sentiment: Third-quarter Nareit FFO was $0.60 per diluted share, ahead of the $0.59 consensus estimate and up from $0.56 a year earlier. Revenue rose 5.5% year over year to $359.6 million, exceeding expectations. Brixmor Property Q3 FFO and Revenues Top Estimates
  • Positive Sentiment: Operating metrics were strong: total leased occupancy reached a record 95.6%, same-property net operating income increased 6.6%, and new and renewal leases generated a 25.3% rent spread. Brixmor Third-Quarter Results
  • Positive Sentiment: Brixmor raised its 2026 Nareit FFO outlook to $2.36-$2.38 per share, signaling confidence in continuing property-level growth.
  • Positive Sentiment: The quarterly dividend was increased 7.3% to $0.33 per share, or $1.32 annualized, equating to an approximately 4.7% yield. The next payment is scheduled for January 15 to shareholders of record January 5.
  • Neutral Sentiment: The approximately $2.34 billion Slate Grocery REIT transaction remains on track to close in the first quarter of 2027, subject to customary conditions. The deal could expand Brixmor’s platform but introduces execution and integration considerations. Brixmor Reports Q3 Results and Raises Outlook
  • Negative Sentiment: Reported diluted GAAP EPS of $0.28 was below the $0.59 analyst consensus and declined from $0.56 a year earlier, potentially weighing on sentiment despite the FFO beat. Brixmor Earnings Report
  • Negative Sentiment: Stifel Nicolaus lowered its price target from $32.00 to $30.50 and maintained a “hold” rating. The revised target still implies roughly 6.3% potential upside, but reflects more limited near-term appreciation. Stifel Nicolaus BRX Rating

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company raised shares of Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. Citigroup upped their target price on Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Piper Sandler decreased their price target on Brixmor Property Group from $40.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, Truist Financial assumed coverage on Brixmor Property Group in a research report on Friday, October 2nd. They set a “buy” rating and a $31.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $33.14.

Check Out Our Latest Stock Report on Brixmor Property Group

Institutional Trading of Brixmor Property Group

A number of large investors have recently added to or reduced their stakes in BRX. BlackRock Inc. purchased a new position in Brixmor Property Group in the second quarter valued at about $1,265,950,000. Canada Pension Plan Investment Board purchased a new stake in shares of Brixmor Property Group during the 2nd quarter worth approximately $180,406,000. Principal Financial Group Inc. increased its stake in shares of Brixmor Property Group by 686.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock worth $149,083,000 after purchasing an additional 4,518,001 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Brixmor Property Group during the 2nd quarter worth approximately $122,922,000. Finally, Bank of America Corp DE bought a new stake in shares of Brixmor Property Group in the 2nd quarter worth approximately $90,382,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 2.1%

The business’s fifty day moving average is $28.28 and its 200 day moving average is $29.48.

About Brixmor Property Group

(Get Free Report)

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.

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