Brixmor Property Group (NYSE:BRX) Coverage Initiated by Analysts at LADENBURG THALM/SH SH

Key Points

• LADENBURG THALM/SH SH has initiated coverage on Brixmor Property Group (NYSE:BRX) with a "buy" rating and a price target of $32.00, indicating a potential upside of 15.17% from the previous close.
• Brixmor Property Group reported earnings of $0.56 per share for the last quarter, exceeding expectations, with a revenue of $339.40 million, reflecting a 7.5% increase from the previous year.
• Eleven research analysts currently rate Brixmor Property Group as a Buy, while only two analysts have a Hold rating, leading to an average target price of $30.54.

LADENBURG THALM/SH SH began coverage on shares of Brixmor Property Group (NYSE:BRX - Free Report) in a report issued on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $32.00 price objective on the real estate investment trust's stock.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus cut their target price on Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Scotiabank increased their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock a "sector outperform" rating in a research report on Thursday, August 28th. Mizuho increased their target price on Brixmor Property Group from $29.00 to $30.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 20th. UBS Group initiated coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 target price for the company. Finally, Wells Fargo & Company raised their price target on Brixmor Property Group from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Wednesday, August 27th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Brixmor Property Group presently has an average rating of "Moderate Buy" and an average price target of $30.58.

Brixmor Property Group Price Performance

Shares of NYSE:BRX traded down $0.07 during trading on Tuesday, hitting $28.02. 1,611,516 shares of the company's stock were exchanged, compared to its average volume of 1,823,439. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. Brixmor Property Group has a 52-week low of $22.28 and a 52-week high of $30.67. The business's 50-day simple moving average is $26.64 and its 200 day simple moving average is $25.99. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.66 and a beta of 1.32.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results 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 during the quarter, compared to analysts' expectations of $332.59 million. During the same quarter last year, the business posted $0.54 earnings per share. The firm's revenue was up 7.5% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. As a group, equities analysts predict that Brixmor Property Group will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 104.55%.

Insiders Place Their Bets

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $28.21, for a total transaction of $705,250.00. Following the completion of the transaction, the insider owned 302,657 shares in the company, valued at $8,537,953.97. This trade represents a 7.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.75% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brixmor Property Group

Institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its stake 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 valued at $37,000 after purchasing an additional 498 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of 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 valued at $43,000 after purchasing an additional 953 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Brixmor Property Group in the 1st quarter valued at approximately $44,000. EverSource Wealth Advisors LLC lifted its stake in shares of Brixmor Property Group by 43.6% in 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 purchasing an additional 557 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Brixmor Property Group by 54.4% in 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. 98.43% of the stock is owned by institutional investors.

About Brixmor Property Group

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.