Brixmor Property Group Inc. (BRX) to Issue Quarterly Dividend of $0.31 on October 15th

Brixmor Property Group Inc. (NYSE:BRX) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, October 2nd will be given a dividend of $0.3075 per share by the real estate investment trust on Thursday, October 15th. This represents a $1.23 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, October 2nd.

Brixmor Property Group has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 5 years. Brixmor Property Group has a payout ratio of 128.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Brixmor Property Group to earn $2.49 per share next year, which means the company should continue to be able to cover its $1.23 annual dividend with an expected future payout ratio of 49.4%.

Brixmor Property Group Price Performance

Shares of NYSE BRX opened at $27.82 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The company’s 50-day moving average price is $29.62 and its 200 day moving average price is $30.17. Brixmor Property Group has a 52 week low of $24.66 and a 52 week high of $32.86. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 2.12 and a beta of 0.97.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). The company had revenue of $354.20 million during the quarter, compared to analysts’ expectations of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. Brixmor Property Group’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, research analysts forecast that Brixmor Property Group will post 2.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Brixmor Property Group in a research note on Friday. BMO Capital Markets upped 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 note on Monday, June 15th. Jefferies Financial Group upgraded shares of Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. Finally, UBS Group increased their price target on Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Brixmor Property Group currently has an average rating of “Moderate Buy” and a consensus price target of $34.36.

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.