Brixmor Property Group Inc. (NYSE:BRX) Stock Has Consensus Price Target of $33.14 According to Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $32.95.

A number of research firms have commented on BRX. Citigroup reduced their price target on shares of Brixmor Property Group from $34.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, November 2nd. Stifel Nicolaus dropped their target price on shares of Brixmor Property Group from $32.00 to $30.50 and set a “hold” rating for the company in a report on Tuesday, October 27th. Mizuho dropped their price target on Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. Truist Financial began coverage on shares of Brixmor Property Group in a research note on Friday, October 2nd. They issued a “buy” rating and a $31.00 target price for the company. Finally, Piper Sandler reduced their target price on shares of Brixmor Property Group from $40.00 to $36.00 and set an “overweight” rating for the company in a research report on Monday, October 12th.

Institutional Trading of Brixmor Property Group

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Brixmor Property Group in the second quarter valued at approximately $1,265,950,000. Canada Pension Plan Investment Board acquired a new position in shares of Brixmor Property Group in the 2nd quarter valued at $180,406,000. Principal Financial Group Inc. increased its position in shares of Brixmor Property Group by 686.1% during the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock worth $149,083,000 after acquiring an additional 4,518,001 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Brixmor Property Group by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,790,090 shares of the real estate investment trust’s stock valued at $137,955,000 after purchasing an additional 64,449 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of Brixmor Property Group in the second quarter valued at about $122,922,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $30.04 on Friday. Brixmor Property Group has a 1-year low of $24.66 and a 1-year high of $32.86. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.28 and a beta of 0.95. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $28.28 and a 200-day simple moving average of $29.61.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.31). The company had revenue of $359.60 million during the quarter, compared to analysts’ expectations of $357.28 million. Brixmor Property Group had a net margin of 29.96% and a return on equity of 14.10%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.56 EPS. On average, analysts expect that Brixmor Property Group will post 2.37 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, January 5th will be issued a dividend of $0.33 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.3075. This represents a $1.32 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, January 5th. Brixmor Property Group’s payout ratio is presently 89.78%.

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 focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.