Brixmor Property Group Inc. (NYSE:BRX) Receives $30.42 Average Price Target from Analysts

Key Points

• Brixmor Property Group Inc. (NYSE:BRX) has received a consensus rating of "Moderate Buy" from twelve research firms, with ten analysts recommending a buy and two rating it as hold.
• The company's shares recently opened at $28.00, with a one-year target price estimated by analysts at $30.42, reflecting potential upside in the stock's value.
• Brixmor Property Group has announced a quarterly dividend of $0.2875 per share, translating to an annual yield of 4.1%, despite having a high dividend payout ratio of 104.55%.

Shares of Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $30.4167.

Several research analysts have issued reports on the company. Stifel Nicolaus dropped their target price on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Scotiabank upped their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company a "sector outperform" rating in a research report on Thursday, August 28th. Wells Fargo & Company increased their price target on Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. UBS Group began coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 target price on the stock. Finally, Mizuho raised their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th.

Institutional Trading of Brixmor Property Group

Several institutional investors have recently made changes to their positions in BRX. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Brixmor Property Group during the 4th quarter valued at approximately $264,000. AQR Capital Management LLC increased its holdings in Brixmor Property Group by 5.0% in the 4th quarter. AQR Capital Management LLC now owns 615,358 shares of the real estate investment trust's stock valued at $17,070,000 after purchasing an additional 29,289 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Brixmor Property Group in the 4th quarter valued at approximately $1,471,000. Algert Global LLC increased its holdings in Brixmor Property Group by 11.1% in the 4th quarter. Algert Global LLC now owns 530,316 shares of the real estate investment trust's stock valued at $14,764,000 after purchasing an additional 52,998 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Brixmor Property Group by 7.8% in the 4th quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust's stock valued at $151,155,000 after purchasing an additional 393,317 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX traded down $0.12 during mid-day trading on Monday, reaching $27.88. 830,494 shares of the company traded hands, compared to its average volume of 2,367,715. The firm has a market cap of $8.53 billion, a PE ratio of 25.37, a PEG ratio of 2.65 and a beta of 1.32. Brixmor Property Group has a 52 week low of $22.28 and a 52 week high of $30.67. The company's 50 day moving average price is $26.36 and its 200-day moving average price is $25.97. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74.

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

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Brixmor Property Group's payout ratio is presently 104.55%.

Brixmor Property Group Company Profile

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.