Brixmor Property Group Inc. (NYSE:BRX) Receives $30.75 Average PT from Analysts

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $30.75.

A number of brokerages have weighed in on BRX. LADENBURG THALM/SH SH began coverage on Brixmor Property Group in a report on Tuesday, September 9th. They set a “buy” rating and a $32.00 price target for the company. Wells Fargo & Company started coverage on Brixmor Property Group in a research note on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 target price for the company. Evercore ISI raised their target price on 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 reduced their target price on 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, Weiss Ratings restated a “buy (b)” rating on shares of Brixmor Property Group in a research note on Friday.

Insider Activity at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $28.21, for a total value of $705,250.00. Following the completion of the sale, the insider directly owned 302,657 shares in the company, valued at $8,537,953.97. This trade represents a 7.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.75% of the stock is currently owned by corporate insiders.

Institutional Trading of Brixmor Property Group

Several large investors have recently made changes to their positions in BRX. Mather Group LLC. bought a new position in Brixmor Property Group in the 3rd quarter valued at about $28,000. Smartleaf Asset Management LLC lifted its position in Brixmor Property Group by 53.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 498 shares in the last quarter. Brooklyn Investment Group lifted its position in Brixmor Property Group by 146.4% in the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 953 shares in the last quarter. SVB Wealth LLC bought a new position in Brixmor Property Group in the 1st quarter valued at about $44,000. Finally, EverSource Wealth Advisors LLC lifted its position in Brixmor Property Group by 43.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,835 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 557 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Up 0.8%

Shares of NYSE:BRX opened at $28.19 on Tuesday. The firm has a market cap of $8.63 billion, a P/E ratio of 25.62, a P/E/G ratio of 2.66 and a beta of 1.33. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.73. Brixmor Property Group has a 12-month low of $22.28 and a 12-month high of $30.67. The business has a fifty day simple moving average of $27.50 and a 200 day simple moving average of $26.28.

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

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Thursday, October 2nd were paid a $0.2875 dividend. The ex-dividend date was Thursday, October 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.1%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 104.55%.

About Brixmor Property Group

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.