Brixmor Property Group (NYSE:BRX) Price Target Cut to $36.00 by Analysts at Piper Sandler

Brixmor Property Group (NYSE:BRX) had its price target lowered by Piper Sandler from $40.00 to $36.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

BRX has been the topic of a number of other reports. UBS Group lowered their target price on Brixmor Property Group from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday. KeyCorp reiterated an “overweight” rating and issued a $34.00 target price on shares of Brixmor Property Group in a report on Wednesday, October 7th. Mizuho reduced their price target on shares of Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Brixmor Property Group in a research report on Friday, July 31st. Finally, Stifel Nicolaus boosted their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.45.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $27.40 on Monday. Brixmor Property Group has a one year low of $24.66 and a one year high of $32.86. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 2.12 and a beta of 0.97. The business has a 50-day simple moving average of $28.79 and a 200 day simple moving average of $30.04. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.82 and a quick ratio of 0.82.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.34). The firm had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, research 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 Thursday, October 15th. Investors of record on Friday, October 2nd will be given a $0.3075 dividend. The ex-dividend date of this dividend is Friday, October 2nd. This represents a $1.23 annualized dividend and a yield of 4.5%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 87.86%.

Institutional Trading of Brixmor Property Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BRX. GAMMA Investing LLC increased its position in shares of Brixmor Property Group by 5.2% during the 3rd quarter. GAMMA Investing LLC now owns 8,450 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 416 shares during the last quarter. Miller Global Investments LLC bought a new stake in shares of Brixmor Property Group during the 3rd quarter worth $58,000. Versant Capital Management Inc raised its stake in shares of Brixmor Property Group by 34.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,753 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 452 shares during the period. QRG Capital Management Inc. boosted its holdings in shares of Brixmor Property Group by 10.8% in the 2nd quarter. QRG Capital Management Inc. now owns 14,819 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 1,445 shares during the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of Brixmor Property Group in the 2nd quarter worth about $229,000. 98.43% of the stock is owned by institutional investors.

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.