Brokerages Set Brixmor Property Group Inc. (NYSE:BRX) Target Price at $32.64

Shares of Brixmor Property Group Inc. (NYSE:BRX) have earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.6364.

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Wells Fargo & Company boosted 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. Scotiabank increased their price objective on shares of Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a research report on Tuesday, March 24th. Piper Sandler raised their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Finally, Truist Financial raised their price objective on shares of Brixmor Property Group from $32.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, May 27th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Bayhunt Capital LLC purchased a new stake in Brixmor Property Group during the 4th quarter valued at approximately $14,793,000. Franklin Resources Inc. grew its stake in shares of Brixmor Property Group by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 12,237,955 shares of the real estate investment trust’s stock valued at $338,747,000 after purchasing an additional 51,778 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of Brixmor Property Group by 7.3% in the third quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,523,434 shares of the real estate investment trust’s stock valued at $125,209,000 after purchasing an additional 306,342 shares during the period. Elo Mutual Pension Insurance Co increased its holdings in shares of Brixmor Property Group by 194.8% in the third quarter. Elo Mutual Pension Insurance Co now owns 58,402 shares of the real estate investment trust’s stock valued at $1,617,000 after purchasing an additional 38,590 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Brixmor Property Group by 253.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 509,625 shares of the real estate investment trust’s stock worth $13,230,000 after purchasing an additional 365,535 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Trading Down 0.0%

NYSE:BRX opened at $30.97 on Wednesday. Brixmor Property Group has a 12-month low of $24.66 and a 12-month high of $31.49. The firm has a market cap of $9.50 billion, a PE ratio of 21.50, a price-to-earnings-growth ratio of 2.56 and a beta of 0.98. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81. The stock has a fifty day moving average price of $29.97 and a 200 day moving average price of $28.28.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.16. The company 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%.Brixmor Property Group’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Sell-side analysts anticipate that Brixmor Property Group will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be paid a $0.3075 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.0%. Brixmor Property Group’s dividend payout ratio (DPR) 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.