Evercore ISI Issues Positive Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its price objective upped by Evercore ISI from $31.00 to $32.00 in a report published on Monday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other analysts also recently commented on the company. Scotiabank upped their target price on Brixmor Property Group from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday. LADENBURG THALM/SH SH initiated coverage on Brixmor Property Group in a research note on Tuesday, September 9th. They issued a “buy” rating and a $32.00 target price on the stock. Wells Fargo & Company upped their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 27th. Stifel Nicolaus lowered their target price on Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating on the stock in a research note on Tuesday, July 29th. Finally, UBS Group initiated coverage on Brixmor Property Group in a research note on Friday, May 30th. They issued a “buy” rating and a $29.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.75.

Brixmor Property Group Stock Up 0.3%

Brixmor Property Group stock opened at $28.08 on Monday. 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 business’s 50-day simple moving average is $26.68 and its two-hundred day simple moving average is $25.98. The company has a market cap of $8.59 billion, a PE ratio of 25.52, a PEG ratio of 2.65 and a beta of 1.32. Brixmor Property Group has a fifty-two week low of $22.28 and a fifty-two week high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The business had revenue of $339.40 million for the quarter, compared to the consensus estimate of $332.59 million. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. 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 year.

Brixmor Property Group Dividend Announcement

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

Insider Transactions at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $28.21, for a total transaction of $705,250.00. Following the transaction, the insider owned 302,657 shares in the company, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

Hedge Funds Weigh In On Brixmor Property Group

A number of hedge funds have recently made changes to their positions in the company. Securian Asset Management Inc. raised its holdings in shares of Brixmor Property Group by 1.8% during the first quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust’s stock valued at $617,000 after acquiring an additional 400 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings 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 valued at $2,242,000 after acquiring an additional 400 shares during the last quarter. State of Michigan Retirement System raised its holdings in shares of 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 valued at $1,917,000 after acquiring an additional 400 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Brixmor Property Group by 4.7% during 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 acquiring an additional 451 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Brixmor Property Group by 6.0% during the first quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 484 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.