Brixmor Property Group Inc. (NYSE:BRX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX) have received an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat 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 1 year price target among brokerages that have updated their coverage on the stock in the last year is $32.1818.

BRX has been the topic of a number of research reports. Truist Financial raised their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Wells Fargo & Company raised their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Thursday, March 19th. Evercore raised Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. KeyCorp increased their target price on Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on Brixmor Property Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, February 20th.

Brixmor Property Group Stock Down 0.9%

Shares of NYSE BRX opened at $29.24 on Friday. Brixmor Property Group has a 52 week low of $24.38 and a 52 week high of $31.49. The firm has a 50-day moving average price of $29.67 and a 200 day moving average price of $27.86. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 2.44 and a beta of 1.00.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data 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 business had revenue of $354.82 million for the quarter, compared to analyst estimates of $349.43 million. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. Equities research analysts anticipate that Brixmor Property Group will post 2.36 EPS 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. Investors of record on Thursday, July 2nd will be issued a $0.3075 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.23 dividend on an annualized basis and a yield of 4.2%. Brixmor Property Group’s dividend payout ratio is currently 85.42%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BRX. Clearstead Advisors LLC grew its stake in Brixmor Property Group by 96.9% in the fourth 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. Cassaday & Co Wealth Management LLC acquired a new stake in Brixmor Property Group during the first quarter valued at approximately $26,000. Loomis Sayles & Co. L P lifted 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 buying an additional 1,130 shares during the last quarter. SHP Wealth Management bought a new position in Brixmor Property Group during the 4th quarter worth approximately $34,000. Finally, Quent Capital LLC acquired a new position in shares of Brixmor Property Group in the 3rd quarter worth approximately $35,000. 98.43% of the stock is currently owned by institutional investors.

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.