Brixmor Property Group Inc. (NYSE:BRX) Stock Has Consensus Price Target of $34.18 According to Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been given a consensus recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $33.82.

BRX has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. BMO Capital Markets raised their price objective on shares of Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. Stifel Nicolaus boosted their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Piper Sandler reaffirmed an “overweight” rating on shares of Brixmor Property Group in a research note on Friday, September 25th. Finally, Truist Financial started coverage on shares of Brixmor Property Group in a research note on Friday, October 2nd. They set a “buy” rating and a $31.00 price objective for the company.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $27.28 on Tuesday. 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 has a fifty-two week low of $24.66 and a fifty-two week high of $32.86. The stock has a market cap of $8.37 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97. The stock has a fifty day moving average of $28.87 and a 200-day moving average of $30.04.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $354.20 million for the quarter, compared to analysts’ expectations of $354.39 million. During the same period last year, the company posted $0.56 EPS. The business’s revenue for the quarter 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. Equities research analysts anticipate that Brixmor Property Group will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 annualized dividend and a yield of 4.5%. Brixmor Property Group’s dividend payout ratio is currently 87.86%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Brixmor Property Group in the second quarter worth approximately $1,265,950,000. Canada Pension Plan Investment Board purchased a new position in shares of Brixmor Property Group during the second quarter worth approximately $180,406,000. Principal Financial Group Inc. raised its stake in shares of Brixmor Property Group by 686.1% during the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock worth $149,083,000 after acquiring an additional 4,518,001 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of Brixmor Property Group during the second quarter worth approximately $122,922,000. Finally, Bank of America Corp DE purchased a new position in shares of Brixmor Property Group during the second quarter worth approximately $90,382,000. 98.43% of the stock is owned by institutional investors.

About Brixmor Property Group

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers in the United States. Its properties are generally anchored by grocery stores and serve communities with a mix of essential retail, dining, service, and other consumer-oriented businesses.

The company’s activities include leasing retail space, managing shopping-center operations, and investing in property redevelopment and improvements. Brixmor focuses on maintaining well-located centers and strengthening tenant mixes to support the long-term needs of the communities in which its properties are located.

Brixmor was formed in 2011 and became a publicly traded company in 2013.