Brixmor Property Group Inc. (NYSE:BRX) Receives Average Recommendation of “Buy” from Brokerages

Brixmor Property Group Inc. (NYSE:BRX) has earned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $33.00.

BRX has been the subject of a number of analyst reports. KeyCorp boosted their price target on Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, May 12th. Jefferies Financial Group upgraded Brixmor Property Group to a “strong-buy” rating in a research note on Friday. Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. Truist Financial upped their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, UBS Group upped their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, May 18th.

Institutional Investors Weigh In On Brixmor Property Group

Large investors have recently made changes to their positions in the business. Clearstead Advisors LLC grew its stake in shares of Brixmor Property Group by 96.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 495 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Brixmor Property Group in the first quarter valued at about $26,000. Loomis Sayles & Co. L P grew its stake in shares of Brixmor Property Group by 1,215.1% in the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 1,130 shares in the last quarter. SHP Wealth Management acquired a new stake in Brixmor Property Group during the 4th quarter valued at $34,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in Brixmor Property Group during the 4th quarter valued at $42,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 1.0%

Shares of NYSE BRX opened at $32.41 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. Brixmor Property Group has a 52 week low of $24.66 and a 52 week high of $32.80. The firm has a 50-day moving average price of $30.72 and a 200 day moving average price of $28.88. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.16. The firm had revenue of $354.82 million during the quarter, compared to analysts’ expectations of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.Brixmor Property Group’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Equities research analysts anticipate that Brixmor Property Group will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be paid a dividend of $0.3075 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 annualized dividend and a yield of 3.8%. Brixmor Property Group’s dividend payout ratio is currently 85.42%.

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.