Brixmor Property Group Inc. (NYSE:BRX) Stock Has Consensus Target Price of $34.18 According to Analysts

Brixmor Property Group Inc. (NYSE:BRX) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are covering the firm, MarketBeat Ratings reports. Three equities 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 brokers that have updated their coverage on the stock in the last year is $34.18.

A number of equities analysts have issued reports on BRX shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. BMO Capital Markets raised their target price on Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Jefferies Financial Group raised Brixmor Property Group to a “strong-buy” rating in a research report on Friday, June 26th. UBS Group upped their price target on Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, Citigroup increased their price target on Brixmor Property Group from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd.

Brixmor Property Group Stock Performance

BRX opened at $27.06 on Tuesday. Brixmor Property Group has a 1-year low of $24.66 and a 1-year high of $32.86. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 2.08 and a beta of 0.97. The company’s fifty day moving average price is $28.95 and its two-hundred day moving average price is $30.06. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. The business had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, analysts expect that Brixmor Property Group will post 2.36 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be issued a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 annualized dividend and a dividend yield of 4.5%. Brixmor Property Group’s dividend payout ratio is currently 87.86%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BRX. Cassaday & Co Wealth Management LLC purchased a new stake in Brixmor Property Group in the 1st quarter valued at about $26,000. Integrated Wealth Concepts LLC purchased a new position in shares of Brixmor Property Group in the 2nd quarter worth approximately $26,000. Parkside Financial Bank & Trust boosted its stake in shares of Brixmor Property Group by 103.7% in the 2nd quarter. Parkside Financial Bank & Trust now owns 876 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 446 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Brixmor Property Group in the second quarter valued at approximately $29,000. Finally, Allworth Financial LP bought a new position in shares of Brixmor Property Group in the second quarter valued at approximately $29,000. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Company Profile

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers in the United States. Its properties are generally anchored by grocery stores and serve communities with a mix of essential retail, dining, service, and other consumer-oriented businesses.

The company’s activities include leasing retail space, managing shopping-center operations, and investing in property redevelopment and improvements. Brixmor focuses on maintaining well-located centers and strengthening tenant mixes to support the long-term needs of the communities in which its properties are located.

Brixmor was formed in 2011 and became a publicly traded company in 2013.