Analysts Set Brixmor Property Group Inc. (NYSE:BRX) Target Price at $33.00

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been assigned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $33.00.

Several research firms have issued reports on BRX. Stifel Nicolaus lifted their target price on Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Scotiabank boosted their price objective on shares of Brixmor Property Group from $29.00 to $33.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, March 24th. Wells Fargo & Company lifted their price target on shares of Brixmor Property Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 26th. Truist Financial upped their price target on Brixmor Property Group from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th.

Institutional Investors Weigh In On Brixmor Property Group

Several institutional investors have recently added to or reduced their stakes in BRX. Principal Financial Group Inc. raised its position in shares of Brixmor Property Group by 686.1% in the 1st quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock valued at $149,083,000 after purchasing an additional 4,518,001 shares during the last quarter. Norges Bank purchased a new position in shares of Brixmor Property Group in the fourth quarter worth $112,307,000. Centersquare Investment Management LLC raised its holdings in shares of Brixmor Property Group by 22.5% in the fourth quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after buying an additional 2,275,242 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Brixmor Property Group by 49.6% during the third quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock worth $177,041,000 after buying an additional 2,119,890 shares during the period. Finally, Heitman Real Estate Securities LLC acquired a new stake in shares of Brixmor Property Group during the fourth quarter worth $48,503,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.0%

Brixmor Property Group stock opened at $31.19 on Friday. The business has a fifty day moving average of $30.81 and a two-hundred day moving average of $29.09. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. The firm has a market cap of $9.57 billion, a P/E ratio of 21.66, a P/E/G ratio of 2.62 and a beta of 0.98. Brixmor Property Group has a twelve month low of $24.66 and a twelve month high of $32.80.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.16. The business had revenue of $354.82 million for the quarter, compared to the consensus estimate of $349.43 million. Brixmor Property Group had a return on equity of 14.85% and a net margin of 31.99%.The business’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. On average, analysts forecast that Brixmor Property Group will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd will be given a dividend of $0.3075 per share. This represents a $1.23 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, July 2nd. Brixmor Property Group’s dividend payout ratio is currently 85.42%.

About Brixmor Property Group

Brixmor Property Group is a publicly traded real estate investment trust (REIT) focused on the ownership, management and development of open-air shopping centers across the United States. The company acquires and leases retail properties that feature everyday, necessity-based tenants such as grocery stores, discount retailers, and service providers. Brixmor’s core strategy centers on generating stable, long-term income streams through tenant relationships and targeted property enhancements.

The company’s main business activities include proactive leasing, property upkeep and capital improvement projects designed to maximize occupancy and tenant satisfaction.