Brixmor Property Group Stock Price, News & Analysis (NYSE:BRX)

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brixmor Property Group in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" BRX shares.
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7 analysts have issued 12 month target prices for Brixmor Property Group's shares. Their BRX share price targets range from $22.00 to $29.00. On average, they predict the company's stock price to reach $25.22 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price.
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Brixmor Property Group's stock was trading at $22.67 at the start of the year. Since then, BRX stock has increased by 0.4% and is now trading at $22.76.
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Brixmor Property Group saw a drop in short interest during the month of October. As of October 31st, there was short interest totaling 8,000,000 shares, a drop of 8.8% from the October 15th total of 8,770,000 shares. Based on an average trading volume of 2,390,000 shares, the short-interest ratio is presently 3.3 days.
View Brixmor Property Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 12th 2024.
View our BRX earnings forecast.

Brixmor Property Group Inc. (NYSE:BRX) announced its quarterly earnings results on Monday, May, 1st. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by $0.12. The real estate investment trust had revenue of $311.40 million for the quarter, compared to analyst estimates of $306.68 million. Brixmor Property Group had a trailing twelve-month return on equity of 11.81% and a net margin of 27.45%. The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share.

Brixmor Property Group declared a quarterly dividend on Monday, October 30th. Stockholders of record on Wednesday, January 3rd will be given a dividend of $0.2725 per share on Tuesday, January 16th. This represents a $1.09 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend is Tuesday, January 2nd. This is an increase from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for BRX.

Brixmor Property Group (NYSE:BRX) pays an annual dividend of $1.04 per share and currently has a dividend yield of 4.74%. BRX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 92.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, BRX will have a dividend payout ratio of 49.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BRX.

ETFs with the largest weight of Brixmor Property Group (NYSE:BRX) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), Cambria Global Real Estate ETF (BLDG), Invesco Real Assets ESG ETF (IVRA), iShares US Credit Bond ETF (CRED), FlexShares Global Quality Real Estate Index Fund (GQRE), SPDR Dow Jones REIT ETF (RWR), JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) and First Trust S&P REIT Index Fund (FRI).

Brixmor Property Group updated its FY23 earnings guidance on Monday, October, 30th. The company provided earnings per share (EPS) guidance of $2.02-2.04 for the period, compared to the consensus EPS estimate of $2.03.

20 employees have rated Brixmor Property Group Chief Executive Officer James M. Taylor Jr. on Glassdoor.com. James M. Taylor Jr. has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Brixmor Property Group investors own include Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Occidental Petroleum (OXY), Micron Technology (MU), NextEra Energy Partners (NEP), STMicroelectronics (STM), Agree Realty (ADC) and Accenture (ACN).

Brixmor Property Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (4.30%), JPMorgan Chase & Co. (3.68%), Wellington Management Group LLP (3.50%), Invesco Ltd. (2.31%), Charles Schwab Investment Management Inc. (1.53%) and Northern Trust Corp (1.42%). Insiders that own company stock include Angela M Aman, Brian T Finnegan, Carolyn Carter Singh, James M Taylor Jr, Michael B Berman, Opaleye Management Inc and Steven F Siegel.
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Shares of BRX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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