Brixmor Property Group Inc. (NYSE:BRX) Stock Has Consensus Price Target of $33.14 According to Brokerages

Key Points

• Analysts maintain 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 $33.14, compared with a recent share price of $29.13.
• Brixmor reported quarterly EPS of $0.28, missing the $0.59 consensus estimate, while revenue rose 5.5% year over year to $359.6 million. Analysts expect full-year EPS of approximately $2.37.
• The REIT increased its quarterly dividend to $0.33 per share, representing a 4.5% annualized yield. Institutional investors and hedge funds own approximately 98.43% of the company’s outstanding shares.

Shares of Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $33.14.

BRX has been the subject of several recent research reports. KeyCorp reaffirmed an "overweight" rating and set a $34.00 price target on shares of Brixmor Property Group in a report on Wednesday, October 7th. UBS Group reduced their target price on shares of Brixmor Property Group from $37.00 to $33.00 and set a "buy" rating for the company in a research note on Friday, October 9th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Brixmor Property Group in a report on Thursday. Piper Sandler lowered their target price on shares of Brixmor Property Group from $40.00 to $36.00 and set an "overweight" rating on the stock in a report on Monday, October 12th. Finally, Citigroup boosted their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd.

Institutional Trading of Brixmor Property Group

Several hedge funds have recently modified their holdings of BRX. Cassaday & Co Wealth Management LLC acquired a new position in Brixmor Property Group during the 1st quarter valued at about $26,000. Integrated Wealth Concepts LLC acquired a new position in Brixmor Property Group in the 2nd quarter worth approximately $26,000. Parkside Financial Bank & Trust grew its holdings 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 valued at $28,000 after buying an additional 446 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of Brixmor Property Group in the 2nd quarter valued at about $29,000. Finally, Allworth Financial LP purchased a new position in Brixmor Property Group during the second quarter valued at approximately $29,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

Shares of BRX opened at $29.13 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The firm has a market cap of $8.94 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 2.25 and a beta of 0.97. Brixmor Property Group has a 12-month low of $24.66 and a 12-month high of $32.86. The company's 50 day simple moving average is $28.24 and its 200-day simple moving average is $29.52.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.59 by ($0.31). Brixmor Property Group had a return on equity of 14.10% and a net margin of 29.96%. The company had revenue of $359.60 million for the quarter, compared to analysts' expectations of $357.28 million. During the same period in the prior year, the business earned $0.56 EPS. The business's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Brixmor Property Group will post 2.37 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Tuesday, January 5th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, January 5th. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.3075. Brixmor Property Group's payout ratio is presently 89.78%.

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 focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.

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