Mizuho Cuts Brixmor Property Group (NYSE:BRX) Price Target to $30.00

Brixmor Property Group (NYSE:BRX) had its price objective trimmed by Mizuho from $33.00 to $30.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on BRX. Wells Fargo & Company raised shares of Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. UBS Group increased their target price on Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Citigroup lifted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Truist Financial increased their price objective on Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus target price of $34.36.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $28.05 on Thursday. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.13 and a beta of 0.97. The firm has a fifty day moving average of $29.80 and a two-hundred day moving average of $30.20. 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 52 week low of $24.66 and a 52 week high of $32.86.

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

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.3075 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio is currently 87.86%.

Hedge Funds Weigh In On Brixmor Property Group

Several hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new stake in Brixmor Property Group during the second quarter worth about $26,000. Parkside Financial Bank & Trust increased its position in shares of Brixmor Property Group by 103.7% during the 2nd quarter. Parkside Financial Bank & Trust now owns 876 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 446 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of Brixmor Property Group during the 1st quarter worth approximately $26,000. Jones Financial Companies Lllp bought a new stake in shares of Brixmor Property Group during the 2nd quarter worth approximately $29,000. Finally, Allworth Financial LP acquired a new stake in shares of Brixmor Property Group in the 2nd quarter valued at approximately $29,000. Institutional investors 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.