Brixmor Property Group Inc. (NYSE:BRX) Receives $34.55 Average PT from Analysts

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $34.80.

Several analysts have recently commented on the stock. Jefferies Financial Group raised shares of Brixmor Property Group to a “strong-buy” rating in a report on Friday, June 26th. Piper Sandler increased their price target on shares of Brixmor Property Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Wells Fargo & Company upgraded shares of Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. BMO Capital Markets lifted their price objective on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Tidal Investments LLC acquired a new stake in Brixmor Property Group in the second quarter valued at $229,000. WINTON GROUP Ltd acquired a new position in shares of Brixmor Property Group during the 2nd quarter worth $454,000. Integrated Wealth Concepts LLC acquired a new position in shares of Brixmor Property Group during the 2nd quarter worth $26,000. NewEdge Advisors LLC raised its stake in shares of Brixmor Property Group by 11.8% during the 2nd quarter. NewEdge Advisors LLC now owns 20,560 shares of the real estate investment trust’s stock worth $648,000 after buying an additional 2,162 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of Brixmor Property Group in the 2nd quarter worth about $125,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $28.37 on Friday. Brixmor Property Group has a 12 month low of $24.66 and a 12 month high of $32.86. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50 day simple moving average of $30.37 and a 200-day simple moving average of $30.34. The stock has a market capitalization of $8.71 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97.

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

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.3%. Brixmor Property Group’s payout ratio is 87.86%.

About Brixmor Property Group

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 composed of grocery-anchored and necessity-based retail properties serving local communities and offering a mix of supermarkets, restaurants, service providers, and other consumer-oriented businesses.

The company’s activities include leasing retail space, managing shopping-center properties, and investing in redevelopment and property enhancements designed to support tenant performance and improve the customer experience.