Brixmor Property Group (NYSE:BRX) Price Target Raised to $31.00

Brixmor Property Group (NYSE:BRX) had its price target raised by UBS Group from $29.00 to $31.00 in a research note published on Thursday,Benzinga reports. UBS Group currently has a buy rating on the real estate investment trust’s stock.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Brixmor Property Group from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Evercore ISI raised their price objective 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. Scotiabank decreased their target price on Brixmor Property Group from $31.00 to $30.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Finally, Wells Fargo & Company assumed coverage on shares of Brixmor Property Group in a report on Tuesday, October 21st. They issued an “equal weight” rating and a $28.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $30.40.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $25.67 on Thursday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50 day moving average price of $26.01 and a 200 day moving average price of $26.54. The stock has a market capitalization of $7.86 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 2.27 and a beta of 1.09. Brixmor Property Group has a 52 week low of $22.28 and a 52 week high of $28.61.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. Brixmor Property Group had a return on equity of 11.22% and a net margin of 24.70%.The company had revenue of $340.84 million for the quarter, compared to analysts’ expectations of $335.23 million. During the same quarter in the prior year, the business posted $0.52 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. Brixmor Property Group has set its FY 2025 guidance at 2.23-2.250 EPS. Analysts predict that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, January 5th will be given a $0.3075 dividend. The ex-dividend date of this dividend is Monday, January 5th. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.8%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 112.84%.

Institutional Trading of Brixmor Property Group

Several hedge funds and other institutional investors have recently bought and sold shares of BRX. Mather Group LLC. bought a new position in shares of Brixmor Property Group during the third quarter worth approximately $28,000. Quent Capital LLC bought a new position in Brixmor Property Group during the 3rd quarter worth $35,000. EverSource Wealth Advisors LLC raised its holdings 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. Parallel Advisors LLC lifted its position in shares of Brixmor Property Group by 40.2% during the 2nd quarter. Parallel Advisors LLC now owns 2,283 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 655 shares during the period. Finally, Avalon Trust Co bought a new position in shares of Brixmor Property Group in the third quarter worth $62,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

About Brixmor Property Group

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.