Brixmor Property Group Inc. (NYSE:BRX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been given an average rating of “Moderate Buy” by the twelve brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $30.4545.

Several research analysts have recently weighed in on BRX shares. LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group in a research note on Tuesday, September 9th. They issued a “buy” rating and a $32.00 target price for the company. Wells Fargo & Company started coverage on shares of Brixmor Property Group in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price objective for the company. Evercore ISI lifted their target price on Brixmor Property Group from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. JPMorgan Chase & Co. boosted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a report on Wednesday, October 8th.

Brixmor Property Group Stock Performance

NYSE BRX opened at $26.40 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 1.19. Brixmor Property Group has a 1-year low of $22.28 and a 1-year high of $30.67. The firm has a market capitalization of $8.08 billion, a P/E ratio of 24.22, a P/E/G ratio of 2.41 and a beta of 1.31. The business’s 50-day simple moving average is $27.01 and its 200-day simple moving average is $26.45.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The firm had revenue of $340.84 million for the quarter, compared to analysts’ expectations of $335.23 million. During the same period in the previous year, the company posted $0.52 earnings per share. Brixmor Property Group’s revenue was up 6.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. Equities analysts predict that Brixmor Property Group will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, January 5th will be given a dividend of $0.3075 per share. The ex-dividend date of this dividend is Monday, January 5th. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.7%. Brixmor Property Group’s dividend payout ratio is 105.50%.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the sale, the insider directly owned 302,657 shares of the company’s stock, valued at $8,537,953.97. This represents a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BRX. Mather Group LLC. acquired a new stake in shares of Brixmor Property Group in the 3rd quarter valued at about $28,000. Quent Capital LLC bought a new stake in Brixmor Property Group in the third quarter valued at about $35,000. Smartleaf Asset Management LLC raised its stake in Brixmor Property Group by 53.1% during the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 498 shares in the last quarter. Brooklyn Investment Group raised its stake in Brixmor Property Group by 146.4% during the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 953 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in Brixmor Property Group during the 1st quarter worth approximately $44,000. 98.43% of the stock is owned by institutional investors and hedge funds.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.