Brixmor Property Group (NYSE:BRX) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of Brixmor Property Group (NYSE:BRX) in a research report sent to investors on Tuesday morning. The firm issued an equal weight rating and a $28.00 target price on the real estate investment trust’s stock.

Several other brokerages have also recently commented on BRX. LADENBURG THALM/SH SH assumed coverage on Brixmor Property Group in a research report on Tuesday, September 9th. They issued a “buy” rating and a $32.00 target price for the company. Mizuho increased their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Wednesday, August 20th. Evercore ISI increased their price objective on shares of Brixmor Property Group from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Stifel Nicolaus dropped their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a “hold” rating for the company in a research note on Tuesday, July 29th. Finally, Scotiabank increased their price objective on shares of Brixmor Property Group from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research note on Monday, September 15th. Eleven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.75.

Brixmor Property Group Price Performance

NYSE:BRX opened at $27.66 on Tuesday. The stock has a market cap of $8.47 billion, a P/E ratio of 25.15, a PEG ratio of 2.59 and a beta of 1.33. Brixmor Property Group has a one year low of $22.28 and a one year high of $30.67. The company has a fifty day moving average price of $27.41 and a 200 day moving average price of $26.18. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, beating the consensus estimate of $0.55 by $0.01. The firm had revenue of $339.40 million during the quarter, compared to analysts’ expectations of $332.59 million. Brixmor Property Group had a net margin of 25.27% and a return on equity of 11.39%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. Brixmor Property Group has set its FY 2025 guidance at 2.220-2.250 EPS. Analysts anticipate that Brixmor Property Group will post 2.22 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Thursday, October 2nd were given a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 4.2%. The ex-dividend date was Thursday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 104.55%.

Insiders Place Their Bets

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $28.21, for a total value of $705,250.00. Following the transaction, the insider owned 302,657 shares of the company’s stock, valued at approximately $8,537,953.97. This trade represents a 7.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.75% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BRX. Mather Group LLC. acquired a new position in Brixmor Property Group during the third quarter valued at approximately $28,000. VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in Brixmor Property Group by 3.5% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 87,881 shares of the real estate investment trust’s stock valued at $2,433,000 after purchasing an additional 3,000 shares during the period. Ascent Group LLC acquired a new position in Brixmor Property Group during the third quarter valued at approximately $220,000. Perigon Wealth Management LLC grew its holdings in Brixmor Property Group by 7.6% during the third quarter. Perigon Wealth Management LLC now owns 41,653 shares of the real estate investment trust’s stock valued at $1,153,000 after purchasing an additional 2,953 shares during the period. Finally, Pacer Advisors Inc. acquired a new position in Brixmor Property Group during the third quarter valued at approximately $1,491,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

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.