LADENBURG THALM/SH SH Begins Coverage on Brixmor Property Group (NYSE:BRX)

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 started coverage on shares of Brixmor Property Group (NYSE:BRX - Free Report) in a report released on Tuesday morning, Marketbeat reports. The brokerage issued a buy rating and a $32.00 target price on the real estate investment trust's stock.

A number of other research analysts have also recently issued reports on the company. Scotiabank lifted their price target on Brixmor Property Group from $29.00 to $30.00 and gave the company a "sector outperform" rating in a report on Thursday, August 28th. Mizuho increased their target price on Brixmor Property Group from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Wednesday, August 20th. UBS Group assumed coverage on shares of Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. Finally, Stifel Nicolaus decreased their target price on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating for the company in a research note on Tuesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.58.

Brixmor Property Group Stock Down 0.2%

BRX traded down $0.07 on Tuesday, reaching $28.02. 1,611,516 shares of the company traded hands, compared to its average volume of 2,360,817. The stock's 50 day moving average price is $26.64 and its 200-day moving average price is $26.00. Brixmor Property Group has a 52-week low of $22.28 and a 52-week high of $30.67. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 2.63 and a beta of 1.32. 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 (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $339.40 million for the quarter, compared to analyst estimates of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%.The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. On average, sell-side analysts expect that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be paid a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, October 2nd. Brixmor Property Group's dividend payout ratio is presently 104.55%.

Insider Transactions at Brixmor Property Group

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

Institutional Investors Weigh In On Brixmor Property Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its position in shares of Brixmor Property Group by 53.1% during the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock valued at $37,000 after acquiring an additional 498 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of Brixmor Property Group by 146.4% during the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock worth $43,000 after acquiring an additional 953 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Brixmor Property Group during the first quarter valued at $44,000. EverSource Wealth Advisors LLC increased its holdings 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 acquiring an additional 557 shares during the period. Finally, Blue Trust Inc. boosted its stake in 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 worth $53,000 after purchasing an additional 709 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other 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.