Brixmor Property Group (NYSE:BRX) Research Coverage Started at Truist Financial

Truist Financial initiated coverage on shares of Brixmor Property Group (NYSE:BRX) in a research report sent to investors on Friday, Marketbeat.com reports. The brokerage issued a buy rating and a $31.00 price objective on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on BRX. Piper Sandler restated an “overweight” rating on shares of Brixmor Property Group in a report on Friday, September 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday, July 31st. BMO Capital Markets lifted their price objective on shares of Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Wells Fargo & Company upgraded shares of Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. Finally, Mizuho cut their target price on shares of Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.18.

Brixmor Property Group Stock Performance

Shares of BRX opened at $27.41 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $8.41 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97. The firm’s fifty day simple moving average is $29.33 and its two-hundred day simple moving average is $30.13. Brixmor Property Group has a 12 month low of $24.66 and a 12 month high of $32.86.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.34). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The business had revenue of $354.20 million during the quarter, compared to the consensus estimate of $354.39 million. During the same period last year, the business posted $0.56 earnings per share. 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. As a group, analysts predict that Brixmor Property Group will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

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

Institutional Investors Weigh In On Brixmor Property Group

A number of institutional investors and hedge funds have recently made changes to their positions in BRX. BlackRock Inc. bought a new position in shares of Brixmor Property Group during the second quarter valued at about $1,265,950,000. Canada Pension Plan Investment Board purchased a new position in Brixmor Property Group during the second quarter worth about $180,406,000. Principal Financial Group Inc. grew its position in Brixmor Property Group by 686.1% in the 1st quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock worth $149,083,000 after purchasing an additional 4,518,001 shares in the last quarter. Norges Bank bought a new stake in Brixmor Property Group in the 4th quarter worth about $112,307,000. Finally, Deutsche Bank AG purchased a new stake in Brixmor Property Group in the 2nd quarter valued at about $122,922,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.