Shares of Brixmor Property Group Inc. (NYSE:BRX – Get 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
Brixmor Property Group (NYSE:BRX – Get 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
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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