Brixmor Property Group Inc. (NYSE:BRX) Receives $30.20 Average PT from Analysts

Brixmor Property Group Inc. (NYSE:BRX) has received a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.20.

A number of research analysts have recently weighed in on the company. Evercore ISI raised their price target on Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Scotiabank cut their target price on shares of Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Thursday, November 13th. Wells Fargo & Company started coverage on shares of Brixmor Property Group in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $25.96 on Friday. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 2.27 and a beta of 1.09. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.19 and a quick ratio of 1.19. The business’s 50 day simple moving average is $26.04 and its 200-day simple moving average is $26.55. Brixmor Property Group has a 12 month low of $22.28 and a 12 month high of $28.61.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.56. The firm had revenue of $340.84 million during the quarter, compared to analysts’ expectations of $335.23 million. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.Brixmor Property Group’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. As a group, equities analysts forecast that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, January 5th will be issued a dividend of $0.3075 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, January 5th. This represents a $1.23 dividend on an annualized basis and a yield of 4.7%. Brixmor Property Group’s payout ratio is currently 112.84%.

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in Brixmor Property Group in the 2nd quarter valued at about $101,506,000. Wellington Management Group LLP raised its position in shares of Brixmor Property Group by 49.6% in the third quarter. Wellington Management Group LLP now owns 6,395,999 shares of the real estate investment trust’s stock valued at $177,041,000 after buying an additional 2,119,890 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Brixmor Property Group by 160.7% during the second quarter. Prudential Financial Inc. now owns 2,924,404 shares of the real estate investment trust’s stock valued at $76,151,000 after buying an additional 1,802,813 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Brixmor Property Group by 60.6% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,217,092 shares of the real estate investment trust’s stock valued at $109,813,000 after buying an additional 1,590,940 shares during the period. Finally, Hudson Bay Capital Management LP boosted its position in Brixmor Property Group by 163.7% during the second quarter. Hudson Bay Capital Management LP now owns 2,245,273 shares of the real estate investment trust’s stock worth $58,467,000 after acquiring an additional 1,393,811 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

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.