Brixmor Property Group (BRX) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brixmor Property Group in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BRX shares.
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9 Wall Street research analysts have issued 1-year target prices for Brixmor Property Group's stock. Their BRX share price forecasts range from $21.00 to $29.00. On average, they anticipate the company's stock price to reach $25.32 in the next twelve months. This suggests a possible upside of 21.2% from the stock's current price.
View analysts price targets for BRX or view top-rated stocks among Wall Street analysts.

Brixmor Property Group's stock was trading at $22.67 at the beginning of the year. Since then, BRX stock has decreased by 7.9% and is now trading at $20.89.
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Brixmor Property Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 7,310,000 shares, an increase of 9.6% from the August 15th total of 6,670,000 shares. Based on an average daily trading volume, of 2,020,000 shares, the days-to-cover ratio is currently 3.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our BRX earnings forecast.

Brixmor Property Group will be holding an earnings conference call on Tuesday, October 31st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13740606".

Brixmor Property Group Inc. (NYSE:BRX) released its quarterly earnings results on Monday, May, 1st. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.12. The real estate investment trust earned $311.40 million during the quarter, compared to analyst estimates of $306.68 million. Brixmor Property Group had a trailing twelve-month return on equity of 12.41% and a net margin of 28.80%. The company's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 earnings per share.

Brixmor Property Group announced a quarterly dividend on Monday, July 31st. Stockholders of record on Tuesday, October 3rd will be paid a dividend of $0.26 per share on Monday, October 16th. This represents a $1.04 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Monday, October 2nd.
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 (NYSE:BRX) pays an annual dividend of $1.04 per share and currently has a dividend yield of 4.97%. 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 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 88.89%. 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.

Brixmor Property Group issued an update on its FY 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share (EPS) guidance of $1.99-$2.04 for the period, compared to the consensus EPS estimate of $2.01. The company issued revenue guidance of -.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "BRX."

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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One share of BRX stock can currently be purchased for approximately $20.89.

Brixmor Property Group (NYSE:BRX) has a market capitalization of $6.28 billion and generates $1.22 billion in revenue each year. The real estate investment trust earns $354.19 million in net income (profit) each year or $1.17 on an earnings per share basis.

The company employs 500 workers across the globe.

Brixmor Property Group's mailing address is 450 LEXINGTON AVENUE, NEW YORK NY, 10017. The official website for the company is www.brixmor.com. The real estate investment trust can be reached via phone at (800) 869-3000 or via email at investorrelations@brixmor.com.