Brixmor Property Group Inc. (NYSE:BRX) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRXGet Free Report) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $31.5455.

A number of research firms recently weighed in on BRX. Weiss Ratings restated a “buy (b-)” rating on shares of Brixmor Property Group in a report on Monday, December 22nd. Piper Sandler boosted their price target on Brixmor Property Group from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Wells Fargo & Company boosted their price target on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Thursday, March 19th. JPMorgan Chase & Co. boosted their price target on Brixmor Property Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Finally, UBS Group boosted their price target on Brixmor Property Group from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, January 8th.

Check Out Our Latest Stock Report on BRX

Insider Buying and Selling at Brixmor Property Group

In other news, Director Julie Bowerman sold 8,000 shares of the business’s stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $29.03, for a total value of $232,240.00. Following the completion of the transaction, the director directly owned 18,400 shares of the company’s stock, valued at $534,152. The trade was a 30.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in shares of Brixmor Property Group by 4.6% in the fourth quarter. NewEdge Advisors LLC now owns 8,657 shares of the real estate investment trust’s stock worth $227,000 after acquiring an additional 384 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Brixmor Property Group by 17.4% during the third quarter. Parallel Advisors LLC now owns 2,681 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 398 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Brixmor Property Group by 2.5% during the third quarter. Quadrant Capital Group LLC now owns 19,283 shares of the real estate investment trust’s stock worth $534,000 after purchasing an additional 465 shares during the last quarter. Compound Planning Inc. boosted its holdings in shares of Brixmor Property Group by 5.4% during the fourth quarter. Compound Planning Inc. now owns 9,117 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 466 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in shares of Brixmor Property Group by 1.3% during the third quarter. Park Avenue Securities LLC now owns 36,195 shares of the real estate investment trust’s stock worth $1,002,000 after purchasing an additional 478 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Performance

BRX opened at $30.91 on Tuesday. The stock has a market cap of $9.48 billion, a P/E ratio of 24.53, a P/E/G ratio of 2.72 and a beta of 1.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s 50 day simple moving average is $29.50 and its 200 day simple moving average is $27.49. Brixmor Property Group has a 1-year low of $24.36 and a 1-year high of $30.96.

Brixmor Property Group (NYSE:BRXGet Free Report) last released its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $353.75 million for the quarter, compared to analysts’ expectations of $347.42 million. Brixmor Property Group had a return on equity of 13.00% and a net margin of 28.16%.The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Brixmor Property Group has set its FY 2026 guidance at 2.330-2.370 EPS. As a group, equities analysts anticipate that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Thursday, April 2nd were issued a $0.3075 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, April 2nd. Brixmor Property Group’s payout ratio is 97.62%.

Brixmor Property Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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