Brixmor Property Group (NYSE:BRX) Price Target Raised to $30.00 at Scotiabank

Brixmor Property Group (NYSE:BRX) had its price objective hoisted by Scotiabank from $29.00 to $30.00 in a report published on Thursday morning,Benzinga reports. They currently have a sector outperform rating on the real estate investment trust’s stock.

BRX has been the topic of a number of other research reports. Mizuho upped their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Stifel Nicolaus dropped their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a report on Tuesday, July 29th. UBS Group initiated coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They issued a “buy” rating and a $29.00 price objective on the stock. The Goldman Sachs Group dropped their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, Wells Fargo & Company increased their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Brixmor Property Group presently has an average rating of “Moderate Buy” and a consensus target price of $30.42.

Brixmor Property Group Trading Up 0.0%

NYSE:BRX opened at $28.05 on Thursday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market cap of $8.59 billion, a P/E ratio of 25.50, a P/E/G ratio of 2.66 and a beta of 1.29. The firm has a 50-day simple moving average of $26.20 and a 200-day simple moving average of $25.97. Brixmor Property Group has a one year low of $22.28 and a one year high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $339.40 million during the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. Brixmor Property Group’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Equities analysts anticipate that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.1%. Brixmor Property Group’s payout ratio is 104.55%.

Institutional Investors Weigh In On Brixmor Property Group

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp increased its position in shares of Brixmor Property Group by 0.5% during the second quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock valued at $408,813,000 after acquiring an additional 81,497 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Brixmor Property Group by 10.1% in the second quarter. Franklin Resources Inc. now owns 12,186,177 shares of the real estate investment trust’s stock valued at $317,328,000 after purchasing an additional 1,115,148 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Brixmor Property Group by 10.6% in the first quarter. Canada Pension Plan Investment Board now owns 8,616,420 shares of the real estate investment trust’s stock valued at $228,766,000 after purchasing an additional 824,404 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Brixmor Property Group by 3.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock valued at $214,040,000 after purchasing an additional 272,616 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Brixmor Property Group by 16.3% during the 2nd quarter. Invesco Ltd. now owns 7,524,752 shares of the real estate investment trust’s stock worth $195,945,000 after acquiring an additional 1,056,827 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.