Brixmor Property Group Inc. (NYSE:BRX) Receives $34.55 Consensus Price Target from Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRXGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $34.5455.

A number of brokerages recently issued reports on BRX. Citigroup boosted their target price on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Stifel Nicolaus increased their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. Wells Fargo & Company upgraded shares of Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. BMO Capital Markets boosted their price objective on shares of Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Finally, Truist Financial increased their target price on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, May 27th.

Check Out Our Latest Report on Brixmor Property Group

Brixmor Property Group Price Performance

NYSE BRX opened at $28.75 on Friday. The stock has a 50-day simple moving average of $30.48 and a 200 day simple moving average of $30.36. Brixmor Property Group has a twelve month low of $24.66 and a twelve month high of $32.86. The stock has a market capitalization of $8.82 billion, a PE ratio of 20.54, a P/E/G ratio of 2.18 and a beta of 0.97. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82.

Brixmor Property Group (NYSE:BRXGet Free Report) last issued its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.34). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The business had revenue of $354.20 million during the quarter, compared to the consensus estimate of $354.39 million. During the same period in the prior year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Research analysts anticipate that Brixmor Property Group will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be given a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.3%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 87.86%.

Institutional Trading of Brixmor Property Group

Several institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new position in shares of Brixmor Property Group during the 2nd quarter worth about $26,000. Parkside Financial Bank & Trust increased its stake in Brixmor Property Group by 103.7% in the second quarter. Parkside Financial Bank & Trust now owns 876 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 446 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Brixmor Property Group in the first quarter valued at about $26,000. Jones Financial Companies Lllp acquired a new position in Brixmor Property Group in the second quarter worth about $29,000. Finally, Allworth Financial LP acquired a new position in Brixmor Property Group in the second quarter worth about $29,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

About Brixmor Property Group

(Get Free Report)

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily composed of grocery-anchored and necessity-based retail properties serving local communities and offering a mix of supermarkets, restaurants, service providers, and other consumer-oriented businesses.

The company’s activities include leasing retail space, managing shopping-center properties, and investing in redevelopment and property enhancements designed to support tenant performance and improve the customer experience.

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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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