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

13 Wall Street 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 research analysts is that investors should "buy" BRX shares.
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13 brokerages have issued 12-month price objectives for Brixmor Property Group's shares. Their BRX share price forecasts range from $20.00 to $29.00. On average, they anticipate the company's stock price to reach $24.11 in the next year. This suggests a possible upside of 16.0% 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 start of the year. Since then, BRX stock has decreased by 8.3% and is now trading at $20.79.
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Brixmor Property Group saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 4,270,000 shares, a decrease of 10.7% from the April 15th total of 4,780,000 shares. Based on an average daily volume of 2,370,000 shares, the short-interest ratio is currently 1.8 days.
View Brixmor Property Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
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 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 31.43% and a trailing twelve-month return on equity of 13.60%. The business's revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS.

Brixmor Property Group announced a quarterly dividend on Monday, May 1st. Stockholders of record on Wednesday, July 5th will be paid a dividend of $0.26 per share on Monday, July 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend is Monday, July 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), Invesco DWA Financial Momentum ETF (PFI), Cambria Global Real Estate ETF (BLDG), iShares US Credit Bond ETF (CRED), Invesco S&P MidCap Low Volatility ETF (XMLV), FlexShares Global Quality Real Estate Index Fund (GQRE), Invesco Active U.S. Real Estate ETF (PSR) and SPDR Dow Jones REIT ETF (RWR).

Brixmor Property Group (NYSE:BRX) pays an annual dividend of $1.04 per share and currently has a dividend yield of 5.02%. 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 81.89%. 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 49.76% 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 issued an update on its FY23 earnings guidance on Monday, May, 1st. The company provided EPS guidance of $1.97-$2.04 for the period, compared to the consensus estimate of $2.00.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (12.11%), State Street Corp (5.60%), Franklin Resources Inc. (4.08%), JPMorgan Chase & Co. (3.90%), Wellington Management Group LLP (2.68%) and Geode Capital Management LLC (1.60%). 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.
View institutional ownership trends.

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 $20.79.

Brixmor Property Group (NYSE:BRX) has a market capitalization of $6.25 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 $1.27 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.