Brokerages Set Brixmor Property Group Inc. (NYSE:BRX) Target Price at $34.00

Brixmor Property Group Inc. (NYSE:BRX) has earned an average rating of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $34.3333.

A number of research analysts have issued reports on BRX shares. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a research note on Friday, June 26th. BMO Capital Markets raised their price target on Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Citigroup lifted their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Piper Sandler boosted their price objective on Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Finally, KeyCorp boosted their price objective on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Tuesday, May 12th.

Institutional Investors Weigh In On Brixmor Property Group

Large investors have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Brixmor Property Group during the first quarter worth $26,000. Jones Financial Companies Lllp acquired a new position in Brixmor Property Group in the 2nd quarter worth $29,000. Allworth Financial LP acquired a new position in Brixmor Property Group in the 2nd quarter worth $29,000. Clearstead Advisors LLC increased its holdings in Brixmor Property Group by 96.9% during the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 495 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in Brixmor Property Group by 1,215.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,130 shares in the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Trading Up 0.4%

BRX opened at $29.73 on Monday. The firm’s fifty day moving average is $31.31 and its two-hundred day moving average is $30.27. The firm has a market cap of $9.12 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 2.25 and a beta of 0.98. Brixmor Property Group has a twelve month low of $24.66 and a twelve month high of $32.86. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.82.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.34). The firm had revenue of $354.20 million during the quarter, compared to analyst estimates of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. Brixmor Property Group’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Equities research analysts anticipate that Brixmor Property Group will post 2.36 EPS 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. Shareholders of record on Friday, October 2nd will be paid a $0.3075 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.1%. Brixmor Property Group’s payout ratio is presently 87.86%.

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.