Brixmor Property Group Inc. (BRX) to Issue Quarterly Dividend of $0.31 on October 15th

Brixmor Property Group Inc. (NYSE:BRX) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Friday, October 2nd will be given a dividend of $0.3075 per share by the real estate investment trust on Thursday, October 15th. This represents a $1.23 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, October 2nd.

Brixmor Property Group has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 5 years. Brixmor Property Group has a dividend payout ratio of 128.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Brixmor Property Group to earn $2.49 per share next year, which means the company should continue to be able to cover its $1.23 annual dividend with an expected future payout ratio of 49.4%.

Brixmor Property Group Trading Down 0.6%

Shares of BRX stock opened at $27.82 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. Brixmor Property Group has a fifty-two week low of $24.66 and a fifty-two week high of $32.86. The firm’s 50 day moving average price is $29.62 and its two-hundred day moving average price is $30.17. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 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 during the quarter, compared to analysts’ expectations of $354.39 million. During the same period in the prior year, the business posted $0.56 EPS. The business’s revenue was up 4.3% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, analysts anticipate that Brixmor Property Group will post 2.36 EPS for the current year.

About Brixmor Property Group

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.