Brokerages Set Brixmor Property Group Inc. (NYSE:BRX) PT at $34.00

Shares of Brixmor Property Group Inc. (NYSE:BRX) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $34.3333.

BRX has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price objective on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. BMO Capital Markets increased 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 report on Monday, June 15th. Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a research note on Wednesday, April 29th. UBS Group lifted their target price on shares of Brixmor Property Group from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, KeyCorp upped their price target on shares of Brixmor Property Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Tuesday, May 12th.

Hedge Funds Weigh In On Brixmor Property Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Brixmor Property Group by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 44,986,376 shares of the real estate investment trust’s stock worth $1,179,543,000 after purchasing an additional 198,567 shares during the last quarter. BlackRock Inc. acquired a new position in Brixmor Property Group in the 2nd quarter valued at $1,265,950,000. State Street Corp grew its holdings in Brixmor Property Group by 0.5% in the 2nd quarter. State Street Corp now owns 15,699,421 shares of the real estate investment trust’s stock valued at $408,813,000 after buying an additional 81,497 shares in the last quarter. Centersquare Investment Management LLC increased its position in Brixmor Property Group by 22.5% during the 4th quarter. Centersquare Investment Management LLC now owns 12,384,526 shares of the real estate investment trust’s stock worth $324,722,000 after buying an additional 2,275,242 shares during the period. Finally, Invesco Ltd. increased its position in Brixmor Property Group by 6.8% during the 3rd quarter. Invesco Ltd. now owns 8,036,728 shares of the real estate investment trust’s stock worth $222,457,000 after buying an additional 511,976 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

BRX opened at $29.31 on Monday. 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 12-month low of $24.66 and a 12-month high of $32.86. The business has a 50 day moving average of $31.19 and a 200-day moving average of $30.31. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 2.22 and a beta of 0.98.

Brixmor Property Group (NYSE:BRX) last posted its 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). 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 for the quarter, compared to analyst estimates of $354.39 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The firm’s 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, equities research analysts expect that Brixmor Property Group will post 2.36 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The company 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 4.2%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s payout ratio is currently 87.86%.

Brixmor Property Group Company Profile

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.