Brixmor Property Group Inc. (NYSE:BRX) Receives $30.20 Average PT from Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $30.40.

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Evercore ISI raised their price target on shares of Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Wells Fargo & Company started coverage on shares of Brixmor Property Group in a report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price target on the stock. UBS Group boosted their price objective on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Scotiabank lowered their target price on Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 13th.

Institutional Trading of Brixmor Property Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BRX. Parallel Advisors LLC raised its holdings in Brixmor Property Group by 17.4% during the 3rd quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 398 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Brixmor Property Group by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 86,100 shares of the real estate investment trust’s stock worth $2,242,000 after buying an additional 400 shares during the period. State of Michigan Retirement System raised its stake in Brixmor Property Group by 0.5% during the second quarter. State of Michigan Retirement System now owns 73,607 shares of the real estate investment trust’s stock worth $1,917,000 after buying an additional 400 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Brixmor Property Group by 4.7% in the second quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 451 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in Brixmor Property Group by 2.5% during 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 acquiring an additional 465 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Trading Down 2.1%

NYSE BRX opened at $25.67 on Friday. The company has a market cap of $7.86 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 2.27 and a beta of 1.09. Brixmor Property Group has a twelve month low of $22.28 and a twelve month high of $28.61. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. The business’s fifty day moving average is $26.01 and its 200 day moving average is $26.54.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The business had revenue of $340.84 million during the quarter, compared to analysts’ expectations of $335.23 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. As a group, sell-side analysts expect that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, January 5th will be given a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, January 5th. Brixmor Property Group’s dividend payout ratio is 112.84%.

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.