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

by · The Cerbat Gem

Shares of Brixmor Property Group Inc. (NYSE:BRX – Get Free Report) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $30.20.

A number of research analysts have recently commented on the stock. Scotiabank reduced their target price on shares of Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a research report on Thursday, November 13th. JPMorgan Chase & Co. increased their target price on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. LADENBURG THALM/SH SH started coverage on shares of Brixmor Property Group in a research report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price target for the company. Evercore ISI increased their price target on Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Finally, Wells Fargo & Company assumed coverage on shares of Brixmor Property Group in a research report on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 target price for the company.

View Our Latest Research Report on BRX

Brixmor Property Group Stock Up 1.5%

Shares of NYSE BRX traded up $0.39 during midday trading on Wednesday, reaching $25.96. 70,315 shares of the company’s stock traded hands, compared to its average volume of 2,373,563. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a one year low of $22.28 and a one year high of $28.95. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 23.78, a P/E/G ratio of 2.42 and a beta of 1.10. The stock’s 50 day simple moving average is $26.40 and its 200-day simple moving average is $26.49.

Brixmor Property Group (NYSE:BRX – Get Free Report) last released its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share for the quarter, hitting the consensus estimate of $0.56. Brixmor Property Group had a net margin of 24.70% and a return on equity of 11.22%. The firm had revenue of $340.84 million during the quarter, compared to the consensus estimate of $335.23 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. On average, analysts predict that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, January 5th will be issued a dividend of $0.3075 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, January 5th. This represents a $1.23 dividend on an annualized basis and a yield of 4.7%. Brixmor Property Group’s payout ratio is currently 105.50%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Mather Group LLC. bought a new position in shares of Brixmor Property Group in the third quarter worth about $28,000. Quent Capital LLC acquired a new position in Brixmor Property Group during the 3rd quarter valued at approximately $35,000. Smartleaf Asset Management LLC increased its holdings in Brixmor Property Group by 53.1% in the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 498 shares in the last quarter. Brooklyn Investment Group boosted its stake in Brixmor Property Group by 146.4% during the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 953 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in shares of Brixmor Property Group during the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

(Get Free Report)

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.

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