Brixmor Property Group Inc. (NYSE:BRX) Receives $32.00 Consensus PT from Analysts

Brixmor Property Group Inc. (NYSE:BRX) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $32.00.

Several research firms have commented on BRX. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a report on Monday, May 4th. Truist Financial upped their price objective on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Scotiabank upped their price objective on shares of Brixmor Property Group from $29.00 to $33.00 and gave the company a “sector outperform” rating in a report on Tuesday, March 24th. Evercore upgraded shares of Brixmor Property Group to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Stifel Nicolaus upped their price objective on shares of Brixmor Property Group from $29.75 to $31.00 and gave the company a “hold” rating in a report on Tuesday, April 28th.

Brixmor Property Group Price Performance

Shares of BRX opened at $29.83 on Friday. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 2.47 and a beta of 1.00. Brixmor Property Group has a 1-year low of $24.38 and a 1-year high of $31.49. The company’s fifty day simple moving average is $29.75 and its 200 day simple moving average is $27.81. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.81.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. Brixmor Property Group had a net margin of 31.99% and a return on equity of 14.85%. The business had revenue of $354.82 million for the quarter, compared to the consensus estimate of $349.43 million. During the same period in the previous year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.340-2.37 EPS. On average, research analysts forecast that Brixmor Property Group will post 2.36 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd will be issued a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, July 2nd. Brixmor Property Group’s payout ratio is currently 85.42%.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, Director Julie Bowerman sold 8,000 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $29.03, for a total value of $232,240.00. Following the transaction, the director directly owned 18,400 shares in the company, valued at $534,152. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.91% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brixmor Property Group

A number of institutional investors have recently modified their holdings of BRX. Royal Bank of Canada boosted its position in shares of Brixmor Property Group by 39.9% in the first quarter. Royal Bank of Canada now owns 203,615 shares of the real estate investment trust’s stock valued at $5,405,000 after acquiring an additional 58,058 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Brixmor Property Group by 5.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,703,625 shares of the real estate investment trust’s stock valued at $45,231,000 after acquiring an additional 89,827 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Brixmor Property Group by 43.6% in the second 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 during the period. Marshall Wace LLP bought a new stake in shares of Brixmor Property Group in the second quarter valued at about $6,048,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of Brixmor Property Group in the second quarter valued at about $435,000. Institutional investors own 98.43% of the company’s stock.

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.