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

Brixmor Property Group Inc. (NYSE:BRX) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $30.20.

Several analysts recently commented on BRX shares. LADENBURG THALM/SH SH assumed coverage on Brixmor Property Group in a research note on Tuesday, September 9th. They set a “buy” rating and a $32.00 price objective on the stock. Scotiabank dropped 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 report on Thursday, November 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Brixmor Property Group in a research note on Monday, December 22nd. Wells Fargo & Company began coverage on shares of Brixmor Property Group in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price target on the stock. Finally, Evercore ISI increased their price objective on shares of Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th.

Brixmor Property Group Stock Down 0.9%

Brixmor Property Group stock opened at $25.98 on Friday. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 2.30 and a beta of 1.09. The company’s 50 day simple moving average is $26.11 and its 200 day simple moving average is $26.54. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 1.19. Brixmor Property Group has a fifty-two week low of $22.28 and a fifty-two week high of $28.61.

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

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, January 5th will be issued a dividend of $0.3075 per share. This is a boost 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 is currently 105.50%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its holdings 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 worth $408,813,000 after buying an additional 81,497 shares in the last quarter. Franklin Resources Inc. boosted its position in Brixmor Property Group by 0.4% during the 3rd quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock worth $338,747,000 after acquiring an additional 51,778 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Brixmor Property Group by 3.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,219,666 shares of the real estate investment trust’s stock worth $214,040,000 after acquiring an additional 272,616 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Brixmor Property Group by 6.8% in the third quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock valued at $222,457,000 after purchasing an additional 511,976 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Brixmor Property Group by 49.6% in the third quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock worth $177,041,000 after purchasing an additional 2,119,890 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

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.