Brixmor Property Group Inc. (NYSE:BRX) Receives Average Recommendation of “Buy” from Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been given an average recommendation of “Buy” by the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $34.00.

A number of equities research analysts have recently commented on the company. Piper Sandler lifted their price objective on Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Stifel Nicolaus upped their target price on Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Monday, May 4th. BMO Capital Markets raised their price target on Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. Finally, KeyCorp lifted their price target on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, May 12th.

Hedge Funds Weigh In On Brixmor Property Group

Several institutional investors and hedge funds have recently bought and sold shares of BRX. NewEdge Advisors LLC boosted its holdings in shares of 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 last quarter. Parallel Advisors LLC grew its stake in shares of 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 valued at $74,000 after buying an additional 398 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in shares of 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 worth $310,000 after buying an additional 413 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Brixmor Property Group by 0.9% during 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 during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Brixmor Property Group by 2.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock worth $534,000 after buying an additional 465 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.5%

Shares of NYSE BRX opened at $31.66 on Thursday. Brixmor Property Group has a 1 year low of $24.66 and a 1 year high of $32.86. The firm’s 50 day moving average price is $31.45 and its 200 day moving average price is $29.84. The firm has a market cap of $9.72 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 2.66 and a beta of 0.98. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.31 and a current ratio of 0.82.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.34). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The firm had revenue of $354.20 million during the quarter, compared to analysts’ expectations of $354.39 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, sell-side analysts anticipate that Brixmor Property Group will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be issued a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s payout ratio is presently 85.42%.

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.