Brixmor Property Group (NYSE:BRX) Price Target Raised to $34.00

Brixmor Property Group (NYSE:BRX) had its price objective hoisted by Citigroup from $31.00 to $34.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other brokerages have also recently commented on BRX. Piper Sandler lifted their target price on shares of Brixmor Property Group from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Stifel Nicolaus increased their price target on shares of Brixmor Property Group from $31.00 to $34.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Evercore raised shares of Brixmor Property Group to a “strong-buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company raised shares of Brixmor Property Group to a “hold” rating in a research report on Thursday, July 23rd. Finally, UBS Group upped their target price on shares of Brixmor Property Group from $34.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Brixmor Property Group Trading Down 0.9%

NYSE:BRX opened at $30.91 on Monday. The stock’s 50 day moving average price is $31.49 and its 200 day moving average price is $30.03. The company has a market capitalization of $9.48 billion, a PE ratio of 22.08, a P/E/G ratio of 2.36 and a beta of 0.98. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.76. Brixmor Property Group has a 52-week low of $24.66 and a 52-week high of $32.86.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.34). Brixmor Property Group had a return on equity of 14.38% and a net margin of 30.82%.The firm had revenue of $354.20 million for the quarter, compared to analyst estimates of $354.39 million. During the same period last year, the firm earned $0.56 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. On average, research analysts anticipate that Brixmor Property Group will post 2.36 EPS for the current year.

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Friday, October 2nd will be paid a $0.3075 dividend. This represents a $1.23 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 87.86%.

Institutional Trading of Brixmor Property Group

Several hedge funds and other institutional investors have recently made changes to their positions in BRX. Cassaday & Co Wealth Management LLC purchased a new position in Brixmor Property Group during the first quarter worth about $26,000. Clearstead Advisors LLC boosted its holdings in Brixmor Property Group by 96.9% in the 4th quarter. Clearstead Advisors LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 495 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in Brixmor Property Group by 1,215.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,223 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,130 shares in the last quarter. SHP Wealth Management acquired a new position in Brixmor Property Group during the 4th quarter worth approximately $34,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in Brixmor Property Group during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors 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.