Brixmor Property Group Inc. (NYSE:BRX) Receives Average Rating of “Moderate Buy” from Analysts

Brixmor Property Group Inc. (NYSE:BRX) has received an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $30.20.

BRX has been the topic of several research reports. Evercore ISI upped their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Wells Fargo & Company assumed coverage on Brixmor Property Group in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 target price for the company. Scotiabank cut their price target on Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a research note on Thursday, November 13th. JPMorgan Chase & Co. lifted their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Finally, LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price objective for the company.

Brixmor Property Group Trading Down 0.9%

Brixmor Property Group stock opened at $25.98 on Friday. Brixmor Property Group has a 1 year low of $22.28 and a 1 year high of $28.61. The firm’s 50 day moving average price is $26.11 and its two-hundred day moving average price is $26.54. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 2.30 and a beta of 1.09.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.56. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The company had revenue of $340.84 million during the quarter, compared to the consensus estimate of $335.23 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. On average, research analysts predict that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, January 5th will be paid a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.7%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, January 5th. Brixmor Property Group’s payout ratio is presently 105.50%.

Institutional Trading of Brixmor Property Group

A number of institutional investors have recently bought and sold shares of BRX. Mather Group LLC. acquired a new position in shares of Brixmor Property Group in the 3rd quarter valued at $28,000. Quent Capital LLC bought a new stake in Brixmor Property Group in the third quarter valued at about $35,000. EverSource Wealth Advisors LLC lifted its stake in Brixmor Property Group by 43.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 557 shares during the period. Avalon Trust Co acquired a new position in Brixmor Property Group in the third quarter valued at about $62,000. Finally, Parallel Advisors LLC boosted its holdings in Brixmor Property Group by 40.2% during the second quarter. Parallel Advisors LLC now owns 2,283 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 655 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.