Analysts Set Brixmor Property Group Inc. (NYSE:BRX) PT at $25.13

Brixmor Property Group Inc. (NYSE:BRX) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $25.13.

A number of analysts have recently issued reports on BRX shares. Truist Financial restated a “buy” rating and issued a $25.00 target price on shares of Brixmor Property Group in a report on Monday, March 25th. Wells Fargo & Company lowered their target price on Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 28th. The Goldman Sachs Group cut their price target on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Mizuho lowered their price target on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, May 13th.

Institutional Trading of Brixmor Property Group

A number of hedge funds have recently modified their holdings of BRX. Quarry LP acquired a new position in shares of Brixmor Property Group in the 4th quarter worth approximately $40,000. GAMMA Investing LLC acquired a new stake in Brixmor Property Group during the 4th quarter valued at $45,000. Larson Financial Group LLC acquired a new stake in Brixmor Property Group during the 1st quarter valued at $47,000. Mather Group LLC. acquired a new stake in Brixmor Property Group during the 1st quarter valued at $165,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Brixmor Property Group during the 4th quarter valued at $172,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

BRX opened at $22.28 on Friday. The firm has a market cap of $6.71 billion, a PE ratio of 23.96, a P/E/G ratio of 2.70 and a beta of 1.55. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.86. The business has a fifty day simple moving average of $22.02 and a 200-day simple moving average of $22.49. Brixmor Property Group has a fifty-two week low of $19.46 and a fifty-two week high of $24.47.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). The business had revenue of $320.24 million during the quarter, compared to analysts’ expectations of $314.82 million. Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. Brixmor Property Group’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 EPS. As a group, equities analysts predict that Brixmor Property Group will post 2.1 EPS for the current fiscal year.

Brixmor Property Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be given a $0.2725 dividend. The ex-dividend date is Tuesday, July 2nd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 4.89%. Brixmor Property Group’s dividend payout ratio is currently 117.21%.

Brixmor Property Group Company Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.