Brixmor Property Group (NYSE:BRX) Posts Earnings Results

Key Points

• Brixmor Property Group reported an earnings per share (EPS) of $0.56, beating analysts' expectations of $0.55 by $0.01.
• The company announced a quarterly dividend of $0.2875 per share, yielding 4.50%, with a dividend payout ratio of 109.52%.
• Several analysts set new target prices for the stock, with a consensus target of $30.30, indicating a favorable outlook from multiple firms.

Brixmor Property Group (NYSE:BRX - Get Free Report) released its quarterly earnings data on Monday. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01, Zacks reports. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. 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 previous year, the firm earned $0.54 earnings per share. The firm's revenue was up 7.5% on a year-over-year basis. Brixmor Property Group updated its FY 2025 guidance to 2.220-2.250 EPS.

Brixmor Property Group Price Performance

BRX stock traded down $0.71 during trading on Friday, hitting $25.42. The stock had a trading volume of 331,964 shares, compared to its average volume of 2,429,540. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.75. The company's 50-day moving average price is $25.67 and its two-hundred day moving average price is $25.90. Brixmor Property Group has a twelve month low of $22.28 and a twelve month high of $30.67. The stock has a market capitalization of $7.78 billion, a P/E ratio of 23.09, a PEG ratio of 2.75 and a beta of 1.23.

Brixmor Property Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.5%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's payout ratio is presently 104.55%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BRX. Scotiabank cut their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. UBS Group started coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They issued a "buy" rating and a $29.00 target price on the stock. Stifel Nicolaus lowered their target price on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday. The Goldman Sachs Group cut their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Mizuho raised Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 target price for the company in a report on Thursday, July 17th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.08.

Hedge Funds Weigh In On Brixmor Property Group

A hedge fund recently raised its stake in Brixmor Property Group stock. Goldman Sachs Group Inc. increased its position in shares of Brixmor Property Group Inc. (NYSE:BRX - Free Report) by 5.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,703,625 shares of the real estate investment trust's stock after acquiring an additional 89,827 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.56% of Brixmor Property Group worth $45,231,000 as of its most recent filing with the SEC. 98.43% of the stock is currently owned by institutional investors.

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.