Analysts Set Brixmor Property Group Inc. (NYSE:BRX) Target Price at $33.00

Shares of Brixmor Property Group Inc. (NYSE:BRX – Get Free Report) have been given a consensus recommendation of “Buy” by the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $33.00.

BRX has been the subject of a number of recent research reports. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. UBS Group boosted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Truist Financial increased their price objective on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Monday, May 4th. Finally, Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th.

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Institutional Investors Weigh In On Brixmor Property Group

Several hedge funds have recently added to or reduced their stakes in BRX. Principal Financial Group Inc. grew its holdings in shares of Brixmor Property Group by 686.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock valued at $149,083,000 after purchasing an additional 4,518,001 shares during the last quarter. Norges Bank purchased a new position in Brixmor Property Group during the 4th quarter valued at about $112,307,000. Centersquare Investment Management LLC raised its holdings in shares of Brixmor Property Group by 22.5% during the fourth quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock valued at $324,722,000 after acquiring an additional 2,275,242 shares in the last quarter. Wellington Management Group LLP raised its holdings in Brixmor Property Group by 49.6% in the 3rd 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. Finally, Heitman Real Estate Securities LLC bought a new position in Brixmor Property Group in the fourth quarter worth about $48,503,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX opened at $31.19 on Friday. The firm’s 50 day simple moving average is $30.79 and its 200 day simple moving average is $29.08. Brixmor Property Group has a fifty-two week low of $24.66 and a fifty-two week high of $32.80. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 2.62 and a beta of 0.98. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.31 and a quick ratio of 1.31.

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

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd will be paid a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 85.42%.

Brixmor Property Group Company Profile

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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.

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