Brixmor Property Group Inc. (NYSE:BRX) Receives $33.75 Consensus PT from Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX) have earned an average rating of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $33.75.

A number of brokerages recently commented on BRX. KeyCorp raised their price target on Brixmor Property Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 12th. UBS Group boosted their price objective on shares of Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company raised shares of Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th.

Brixmor Property Group Trading Down 0.3%

NYSE BRX opened at $32.34 on Thursday. Brixmor Property Group has a fifty-two week low of $24.66 and a fifty-two week high of $32.86. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a 50 day simple moving average of $31.38 and a two-hundred day simple moving average of $29.76. The stock has a market cap of $9.92 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 2.72 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. The firm had revenue of $354.82 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.56 EPS. On average, analysts forecast that Brixmor Property Group will post 2.36 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Friday, October 2nd will be paid a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio is presently 85.42%.

Institutional Trading of Brixmor Property Group

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC raised its position in shares of Brixmor Property Group by 4.6% in the 4th quarter. NewEdge Advisors LLC now owns 8,657 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 384 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Brixmor Property Group by 17.4% during the third quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 398 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in Brixmor Property Group by 4.0% in the first quarter. Fifth Third Wealth Advisors LLC now owns 10,775 shares of the real estate investment trust’s stock worth $310,000 after purchasing an additional 413 shares during the period. IFM Investors Pty Ltd grew its stake in Brixmor Property Group by 0.9% in the first quarter. IFM Investors Pty Ltd now owns 50,073 shares of the real estate investment trust’s stock worth $1,442,000 after purchasing an additional 459 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in Brixmor Property Group by 2.5% in the third quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock worth $534,000 after purchasing an additional 465 shares during the period. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Company Profile

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.