Brixmor Property Group Inc. (NYSE:BRX) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Brixmor Property Group Inc. has received a consensus rating of "Moderate Buy" from twelve research firms, with a target price averaging $30.75.
• Insider Steven F. Siegel sold 25,000 shares of the company at an average price of $28.21, resulting in a significant reduction of his ownership stake.
• The company recently announced a quarterly dividend of $0.2875 per share, representing a 4.2% yield, with a payout ratio of 104.55%.

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) has been assigned an average rating of "Moderate Buy" from the twelve research firms that are covering the firm, MarketBeat.com reports. Two 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 brokerages that have updated their coverage on the stock in the last year is $30.75.

Several brokerages recently commented on BRX. Scotiabank raised their price objective on Brixmor Property Group from $30.00 to $31.00 and gave the stock a "sector outperform" rating in a research note on Monday, September 15th. Evercore ISI lifted their price target on Brixmor Property Group from $31.00 to $32.00 and gave the stock an "outperform" rating in a report on Monday, September 15th. Wells Fargo & Company lifted their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. Mizuho lifted their price objective 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. Finally, UBS Group initiated 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.

Insider Buying and Selling at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the business's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the transaction, the insider owned 302,657 shares in the company, valued at $8,537,953.97. The trade was a 7.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Brixmor Property Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its holdings in shares of Brixmor Property Group by 53.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 498 shares during the last quarter. Brooklyn Investment Group lifted its stake in Brixmor Property Group by 146.4% in the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock worth $43,000 after purchasing an additional 953 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of Brixmor Property Group during the 1st quarter valued at $44,000. EverSource Wealth Advisors LLC raised its position in shares of Brixmor Property Group by 43.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust's stock valued at $48,000 after buying an additional 557 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Brixmor Property Group by 54.4% during the 1st quarter. Blue Trust Inc. now owns 2,012 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 709 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company's stock.

Brixmor Property Group Stock Down 0.3%

NYSE BRX opened at $27.22 on Friday. The stock's 50 day simple moving average is $27.00 and its 200 day simple moving average is $26.02. Brixmor Property Group has a one year low of $22.28 and a one year high of $30.67. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market cap of $8.33 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 2.59 and a beta of 1.32.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $332.59 million. During the same quarter in the prior year, the business earned $0.54 EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, sell-side analysts forecast that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.2%. Brixmor Property Group's payout ratio is currently 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.

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