Brixmor Property Group (NYSE:BRX) Given New $31.00 Price Target at UBS Group

Brixmor Property Group (NYSE:BRX) had its price objective boosted by UBS Group from $29.00 to $31.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other equities research analysts have also issued reports on the stock. Evercore ISI lifted their price target on shares of Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, September 15th. 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 note on Wednesday, October 29th. Scotiabank cut their price target on shares of Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 13th. Wells Fargo & Company began coverage on shares of Brixmor Property Group in a research report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $30.40.

Brixmor Property Group Price Performance

BRX stock opened at $26.24 on Thursday. The company’s 50-day moving average price is $26.02 and its two-hundred day moving average price is $26.54. The firm has a market cap of $8.03 billion, a P/E ratio of 24.07, a P/E/G ratio of 2.29 and a beta of 1.09. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a 12 month low of $22.28 and a 12 month high of $28.61.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The business had revenue of $340.84 million for the quarter, compared to analyst estimates of $335.23 million. During the same quarter last year, the business posted $0.52 EPS. The firm’s revenue for the quarter 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, analysts anticipate that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, January 5th will be paid a dividend of $0.3075 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, January 5th. This represents a $1.23 dividend on an annualized basis and a yield of 4.7%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 112.84%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Amundi lifted its position in shares of Brixmor Property Group by 5.6% during the 1st quarter. Amundi now owns 172,145 shares of the real estate investment trust’s stock valued at $4,298,000 after buying an additional 9,088 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Brixmor Property Group by 36.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,875 shares of the real estate investment trust’s stock valued at $1,090,000 after acquiring an additional 11,096 shares during the period. Acadian Asset Management LLC bought a new stake in Brixmor Property Group in the 1st quarter valued at about $1,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Brixmor Property Group by 5.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,314,011 shares of the real estate investment trust’s stock valued at $61,437,000 after purchasing an additional 114,069 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Brixmor Property Group during the second quarter worth about $535,000. Institutional investors own 98.43% of the company’s stock.

About Brixmor Property Group

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.