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

7 Wall Street 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 analysts is that investors should "moderate buy" BRX shares.
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7 equities research analysts have issued 1-year price targets for Brixmor Property Group's shares. Their BRX share price targets range from $22.00 to $29.00. On average, they anticipate the company's stock price to reach $25.22 in the next year. This suggests a possible upside of 11.0% 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 increased by 0.2% and is now trading at $22.71.
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Brixmor Property Group saw a decline in short interest in October. As of October 31st, there was short interest totaling 8,000,000 shares, a decline 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 days-to-cover ratio is presently 3.3 days.
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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) issued 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 earned $311.40 million during the quarter, compared to the consensus estimate of $306.68 million. Brixmor Property Group had a net margin of 27.45% and a trailing twelve-month return on equity of 11.81%. The business's quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share.

Brixmor Property Group announced a quarterly dividend on Monday, October 30th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.2725 per share on Tuesday, January 16th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Tuesday, January 2nd. This is a boost 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 4.60%. 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 49.76% 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 issued an update on its FY23 earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of $2.02-2.04 for the period, compared to the consensus earnings per share 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 a variety of retail and institutional investors. Top institutional investors 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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