Brixmor Property Group - BRX Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Brixmor Property Group in the last year. There are currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BRX shares.
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13 brokerages have issued 1 year price objectives for Brixmor Property Group's stock. Their BRX share price forecasts range from $20.00 to $29.00. On average, they predict the company's share price to reach $24.25 in the next year. This suggests a possible upside of 19.6% from the stock's current price.
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Brixmor Property Group's stock was trading at $22.67 on January 1st, 2023. Since then, BRX shares have decreased by 10.5% and is now trading at $20.28.
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Brixmor Property Group saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 5,100,000 shares, an increase of 10.6% from the February 13th total of 4,610,000 shares. Based on an average trading volume of 2,540,000 shares, the days-to-cover ratio is presently 2.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our BRX earnings forecast.

Brixmor Property Group will be holding an earnings conference call on Tuesday, May 2nd 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 "13736613".

Brixmor Property Group Inc. (NYSE:BRX) announced its quarterly earnings data on Tuesday, February, 14th. The real estate investment trust reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.49 by $0.14. The real estate investment trust had revenue of $308.57 million for the quarter, compared to analyst estimates of $310.70 million. Brixmor Property Group had a trailing twelve-month return on equity of 12.57% and a net margin of 29.08%. The company's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS.

Brixmor Property Group declared a quarterly dividend on Monday, February 13th. Investors of record on Tuesday, April 4th will be given a dividend of $0.26 per share on Monday, April 17th. This represents a $1.04 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Monday, April 3rd.
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 S&P MidCap Low Volatility ETF (XMLV), FlexShares Global Quality Real Estate Index Fund (GQRE), Invesco Active U.S. Real Estate ETF (PSR), SPDR Dow Jones REIT ETF (RWR), JPMorgan BetaBuilders MSCI U.S. 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 5.04%. 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 89.66%. 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 49.76% 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 updated its FY 2023 earnings guidance on Tuesday, February, 14th. The company provided earnings per share (EPS) guidance of $1.95-$2.03 for the period, compared to the consensus estimate of $2.03. 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."

Brixmor Property Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (4.02%), Franklin Resources Inc. (3.56%), Centersquare Investment Management LLC (2.68%), Geode Capital Management LLC (1.55%), Dimensional Fund Advisors LP (1.40%) and Charles Schwab Investment Management Inc. (1.40%). 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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One share of BRX stock can currently be purchased for approximately $20.28.

Brixmor Property Group (NYSE:BRX) has a market capitalization of $6.09 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 $1.16 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.