Brixmor Property Group Inc. (NYSE:BRX) Stock Has Average Target Price of $34.18 According to Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Brixmor Property Group, with 9 buy, 2 strong-buy, and 3 hold ratings. The average 12-month price target is $34.18, above the stock’s reported $27.11 opening price.
• Brixmor reported quarterly EPS of $0.24, missing the $0.58 consensus estimate, while revenue of $354.2 million was broadly in line with expectations and increased 4.3% year over year.
• The company declared a quarterly dividend of $0.3075 per share, equivalent to an annualized $1.23 and a 4.5% yield. Institutional investors own 98.43% of the stock.

Shares of Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $34.18.

BRX has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on Brixmor Property Group from $31.00 to $34.00 and gave the company a "hold" rating in a research note on Tuesday, July 28th. Truist Financial initiated coverage on Brixmor Property Group in a report on Friday. They set a "buy" rating and a $31.00 target price for the company. Mizuho decreased their price objective on Brixmor Property Group from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Thursday, September 24th. Citigroup boosted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Finally, Piper Sandler reiterated an "overweight" rating on shares of Brixmor Property Group in a report on Friday, September 25th.

Institutional Investors Weigh In On Brixmor Property Group

Several large investors have recently made changes to their positions in BRX. Cassaday & Co Wealth Management LLC acquired a new stake in Brixmor Property Group during the 1st quarter valued at $26,000. Integrated Wealth Concepts LLC acquired a new position in Brixmor Property Group during the 2nd quarter valued at about $26,000. Parkside Financial Bank & Trust grew its stake in shares of Brixmor Property Group by 103.7% during the second quarter. Parkside Financial Bank & Trust now owns 876 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 446 shares during the period. Jones Financial Companies Lllp bought a new stake in Brixmor Property Group in the second quarter valued at approximately $29,000. Finally, Allworth Financial LP bought a new position in shares of Brixmor Property Group during the 2nd quarter valued at about $29,000. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Stock Down 1.0%

Shares of Brixmor Property Group stock opened at $27.11 on Tuesday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a fifty day moving average of $29.23 and a two-hundred day moving average of $30.11. The company has a market cap of $8.32 billion, a P/E ratio of 19.36, a PEG ratio of 2.12 and a beta of 0.97. Brixmor Property Group has a one year low of $24.66 and a one year high of $32.86.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.34). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The business had revenue of $354.20 million during the quarter, compared to analysts' expectations of $354.39 million. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Brixmor Property Group's quarterly revenue was up 4.3% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, analysts forecast that Brixmor Property Group will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be given a dividend of $0.3075 per share. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.5%. Brixmor Property Group's dividend payout ratio (DPR) is 87.86%.

About Brixmor Property Group

Brixmor Property Group Inc NYSE: BRX is a real estate investment trust that owns and operates open-air shopping centers in the United States. Its properties are generally anchored by grocery stores and serve communities with a mix of essential retail, dining, service, and other consumer-oriented businesses.

The company's activities include leasing retail space, managing shopping-center operations, and investing in property redevelopment and improvements. Brixmor focuses on maintaining well-located centers and strengthening tenant mixes to support the long-term needs of the communities in which its properties are located.

Brixmor was formed in 2011 and became a publicly traded company in 2013.

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