Brixmor Property Group Inc. (NYSE:BRX) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Brixmor Property Group Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target set at $30.75.
• The company recently announced a quarterly dividend of $0.2875, representing a 4.2% yield, although its dividend payout ratio stands at a high 104.55%.
• Institutional investors own a significant 98.43% of Brixmor's stock, indicating strong confidence from large stakeholders in the real estate investment trust.

Shares of Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $30.75.

A number of equities analysts have weighed in on the company. Scotiabank upped their price target on Brixmor Property Group from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Brixmor Property Group in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. Evercore ISI increased their price objective on Brixmor Property Group from $31.00 to $32.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Finally, Mizuho increased their price objective on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, August 20th.

Insider Activity at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the sale, the insider owned 302,657 shares of the company's stock, valued at approximately $8,537,953.97. This represents a 7.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.75% of the company's stock.

Institutional Investors Weigh In On Brixmor Property Group

Several large investors have recently made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of Brixmor Property Group by 3.5% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 87,881 shares of the real estate investment trust's stock valued at $2,433,000 after buying an additional 3,000 shares during the last quarter. Ascent Group LLC acquired a new stake in Brixmor Property Group during the 3rd quarter valued at $220,000. Perigon Wealth Management LLC lifted its holdings in Brixmor Property Group by 7.6% during the 3rd quarter. Perigon Wealth Management LLC now owns 41,653 shares of the real estate investment trust's stock valued at $1,153,000 after purchasing an additional 2,953 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in Brixmor Property Group during the 3rd quarter valued at $1,491,000. Finally, Inspire Investing LLC acquired a new stake in Brixmor Property Group during the 3rd quarter valued at $415,000. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Trading Up 0.3%

NYSE:BRX opened at $27.31 on Tuesday. Brixmor Property Group has a twelve month low of $22.28 and a twelve month high of $30.67. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. The business has a 50 day moving average price of $27.38 and a two-hundred day moving average price of $26.17. The company has a market cap of $8.36 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The firm had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. During the same quarter in the prior year, the firm posted $0.54 EPS. The business's revenue was up 7.5% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, analysts expect that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd were issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Thursday, October 2nd. Brixmor Property Group's dividend payout ratio is presently 104.55%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.