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

Brixmor Property Group Inc. (NYSE:BRX) has been given an average rating of “Moderate Buy” by the fourteen brokerages that are covering the company, Marketbeat.com reports. Three equities research 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 12 month target price among brokers that have issued ratings on the stock in the last year is $33.45.

Several equities research analysts recently commented on the company. KeyCorp reaffirmed an “overweight” rating and issued a $34.00 price target on shares of Brixmor Property Group in a report on Wednesday, October 7th. UBS Group lowered their price objective on Brixmor Property Group from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday. Mizuho cut their price target on shares of Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, September 24th. Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a research note on Thursday, July 23rd. Finally, Piper Sandler decreased their target price on Brixmor Property Group from $40.00 to $36.00 and set an “overweight” rating for the company in a report on Monday.

Brixmor Property Group Stock Performance

BRX opened at $27.40 on Tuesday. Brixmor Property Group has a twelve month low of $24.66 and a twelve month high of $32.86. The firm has a market capitalization of $8.41 billion, a PE ratio of 19.57, a PEG ratio of 2.12 and a beta of 0.97. 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 firm’s 50-day moving average price is $28.79 and its 200 day moving average price is $30.04.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). The business had revenue of $354.20 million during the quarter, compared to analyst estimates of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The firm’s revenue was up 4.3% on a year-over-year basis. During the same quarter 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, sell-side analysts expect that Brixmor Property Group will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a dividend of $0.3075 per share. 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 payout ratio is presently 87.86%.

Hedge Funds Weigh In On Brixmor Property Group

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new position in Brixmor Property Group in the 2nd quarter valued at $26,000. Parkside Financial Bank & Trust raised its position in 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 buying an additional 446 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Brixmor Property Group during the 1st quarter worth $26,000. Jones Financial Companies Lllp acquired a new stake in shares of Brixmor Property Group in the 2nd quarter worth $29,000. Finally, Allworth Financial LP acquired a new stake in shares of Brixmor Property Group in the 2nd quarter worth $29,000. 98.43% of the stock is currently owned by hedge funds and other 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.