Brixmor Property Group (NYSE:BRX) Price Target Raised to $34.00

Brixmor Property Group (NYSE:BRX) had its target price upped by Stifel Nicolaus from $31.00 to $34.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Monday, May 4th. Evercore upgraded Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a report on Friday, June 26th. Piper Sandler boosted their price objective on Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Finally, KeyCorp boosted their price objective on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $34.00.

Brixmor Property Group Stock Down 0.7%

BRX stock opened at $31.44 on Tuesday. The firm has a market cap of $9.65 billion, a PE ratio of 22.46, a P/E/G ratio of 2.65 and a beta of 0.98. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.31 and a current ratio of 0.82. The firm’s fifty day moving average is $31.46 and its 200 day moving average is $29.88. Brixmor Property Group has a one year low of $24.66 and a one year high of $32.86.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The firm had revenue of $354.20 million during the quarter, compared to analysts’ expectations of $354.39 million. During the same period in the previous year, the firm posted $0.56 EPS. The firm’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. On average, research analysts forecast 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. Investors of record on Friday, October 2nd will be paid a $0.3075 dividend. This represents a $1.23 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio is currently 87.86%.

Institutional Investors Weigh In On Brixmor Property Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearstead Advisors LLC raised its position in shares of Brixmor Property Group by 96.9% in the fourth quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 495 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in Brixmor Property Group during the first quarter worth about $26,000. Loomis Sayles & Co. L P boosted its position in Brixmor Property Group by 1,215.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,130 shares during the last quarter. SHP Wealth Management purchased a new stake in Brixmor Property Group during the 4th quarter valued at about $34,000. Finally, Atlantic Edge Private Wealth Management LLC purchased a new stake in Brixmor Property Group during the 4th quarter valued at about $42,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

About Brixmor Property Group

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.