Scotiabank Cuts Brixmor Property Group (NYSE:BRX) Price Target to $29.00

Brixmor Property Group (NYSE:BRX) had its target price reduced by Scotiabank from $30.00 to $29.00 in a research report report published on Wednesday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the real estate investment trust’s stock.

BRX has been the subject of a number of other reports. Weiss Ratings restated 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 report on Tuesday, October 21st. They set an “equal weight” rating and a $28.00 price target on the stock. UBS Group boosted their price objective on shares of Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. upped their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.30.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $26.66 on Wednesday. Brixmor Property Group has a twelve month low of $22.28 and a twelve month high of $28.61. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $8.16 billion, a P/E ratio of 24.46, a PEG ratio of 2.31 and a beta of 1.09. The stock’s 50 day moving average is $25.98 and its 200 day moving average is $26.54.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 27th. The real estate investment trust reported $0.56 EPS for the quarter, hitting the consensus estimate of $0.56. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The business had revenue of $340.84 million for the quarter, compared to the consensus estimate of $335.23 million. During the same period in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. On average, equities research analysts predict 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 announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, January 5th were issued a $0.3075 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.23 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, January 5th. Brixmor Property Group’s dividend payout ratio is 112.84%.

Institutional Investors Weigh In On Brixmor Property Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new position in shares of Brixmor Property Group in the 3rd quarter worth $28,000. Quent Capital LLC bought a new position in Brixmor Property Group in the third quarter valued at about $35,000. EverSource Wealth Advisors LLC lifted its holdings 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 acquiring an additional 557 shares during the period. Avalon Trust Co bought a new stake in shares of Brixmor Property Group during the 3rd quarter valued at about $62,000. Finally, Parallel Advisors LLC increased its position in shares of Brixmor Property Group by 40.2% during the 2nd quarter. Parallel Advisors LLC now owns 2,283 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 655 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

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.