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

Key Points

• Analyst sentiment is moderately bullish: Thirteen brokerages give Brixmor Property Group a consensus “Moderate Buy” rating, with an average 12-month price target of $34.55 versus the reported $28.80 share price.
• Quarterly earnings missed expectations: Brixmor reported adjusted EPS of $0.24, below the $0.58 consensus estimate, while revenue of $354.2 million was roughly in line with forecasts and rose 4.3% year over year.
• The REIT maintains an attractive dividend: It declared a quarterly dividend of $0.3075 per share, or $1.23 annually, representing a 4.3% yield and an 87.86% payout ratio.

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirteen brokerages that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong 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 $34.5455.

Several equities analysts have commented on the stock. Piper Sandler increased their target price on shares of Brixmor Property Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 21st. Wells Fargo & Company raised Brixmor Property Group to a "hold" rating in a research report on Thursday, July 23rd. BMO Capital Markets upped their price target on Brixmor Property Group from $35.00 to $37.00 and gave the stock an "outperform" rating in a research note on Monday, June 15th. Weiss Ratings reissued a "buy (b)" rating on shares of Brixmor Property Group in a report on Friday, July 31st. Finally, Jefferies Financial Group raised Brixmor Property Group to a "strong-buy" rating in a research note on Friday, June 26th.

Brixmor Property Group Stock Performance

BRX opened at $28.80 on Friday. The business has a fifty day simple moving average of $30.53 and a 200-day simple moving average of $30.36. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. The firm has a market cap of $8.84 billion, a PE ratio of 20.57, a P/E/G ratio of 2.19 and a beta of 0.97. Brixmor Property Group has a fifty-two week low of $24.66 and a fifty-two week high of $32.86.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.34). The company had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The company's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. As a group, equities analysts predict that Brixmor Property Group will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be issued a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is 87.86%.

Institutional Trading of Brixmor Property Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Clearstead Advisors LLC increased its position in Brixmor Property Group by 96.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust's stock worth $26,000 after buying an additional 495 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in shares of Brixmor Property Group in the first quarter valued at approximately $26,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Brixmor Property Group in the second quarter worth $26,000. Parkside Financial Bank & Trust grew its stake in shares of Brixmor Property Group by 103.7% in the second quarter. Parkside Financial Bank & Trust now owns 876 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 446 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in Brixmor Property Group during the second quarter worth $29,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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 composed of grocery-anchored and necessity-based retail properties serving local communities and offering a mix of supermarkets, restaurants, service providers, and other consumer-oriented businesses.

The company's activities include leasing retail space, managing shopping-center properties, and investing in redevelopment and property enhancements designed to support tenant performance and improve the customer experience.

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