Brixmor Property Group (BRX) – Investment Analysts’ Recent Ratings Changes

Brixmor Property Group (NYSE: BRX) has recently received a number of price target changes and ratings updates:

• 8/28/2024 – Brixmor Property Group had its price target raised by analysts at Evercore ISI from $26.00 to $27.00. They now have an “in-line” rating on the stock.
• 8/28/2024 – Brixmor Property Group had its price target raised by analysts at Wells Fargo & Company from $24.00 to $28.00. They now have an “equal weight” rating on the stock.
• 8/26/2024 – Brixmor Property Group had its price target raised by analysts at Scotiabank from $25.00 to $29.00. They now have a “sector outperform” rating on the stock.
• 8/19/2024 – Brixmor Property Group had its price target raised by analysts at Mizuho from $23.00 to $27.00. They now have a “neutral” rating on the stock.
• 8/16/2024 – Brixmor Property Group had its price target raised by analysts at Truist Financial Co. from $25.00 to $28.00. They now have a “buy” rating on the stock.
• 8/7/2024 – Brixmor Property Group had its price target raised by analysts at KeyCorp from $26.00 to $28.00. They now have an “overweight” rating on the stock.
• 8/7/2024 – Brixmor Property Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 8/1/2024 – Brixmor Property Group had its price target raised by analysts at The Goldman Sachs Group, Inc. from $26.00 to $29.00. They now have a “buy” rating on the stock.
• 7/31/2024 – Brixmor Property Group had its price target raised by analysts at JPMorgan Chase & Co. from $26.00 to $28.00. They now have an “overweight” rating on the stock.
• 7/31/2024 – Brixmor Property Group had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $33.00 price target on the stock, up previously from $30.00.
• 7/31/2024 – Brixmor Property Group had its price target raised by analysts at Compass Point from $26.00 to $28.00. They now have a “buy” rating on the stock.
• 7/30/2024 – Brixmor Property Group was upgraded by analysts at Evercore ISI to a “hold” rating.
• 7/30/2024 – Brixmor Property Group had its price target raised by analysts at Stifel Nicolaus from $24.00 to $25.50. They now have a “hold” rating on the stock.
• 7/29/2024 – Brixmor Property Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

Brixmor Property Group Price Performance

BRX opened at $27.18 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88. The business’s fifty day simple moving average is $25.18 and its 200-day simple moving average is $23.31. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of 29.23, a PEG ratio of 4.79 and a beta of 1.57. Brixmor Property Group Inc. has a 12-month low of $19.46 and a 12-month high of $27.70.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The company had revenue of $315.69 million during the quarter, compared to analysts’ expectations of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, equities research analysts anticipate that Brixmor Property Group Inc. will post 2.13 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio is currently 117.20%.

Insider Buying and Selling at Brixmor Property Group

In related news, insider Steven F. Siegel sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the transaction, the insider now directly owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the transaction, the insider now directly owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sheryl Maxwell Crosland sold 5,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now directly owns 46,291 shares of the company’s stock, valued at approximately $1,178,105.95. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Blue Trust Inc. grew its holdings in Brixmor Property Group by 258.9% in the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,007 shares during the period. Quarry LP acquired a new position in shares of Brixmor Property Group during the 4th quarter worth about $40,000. Larson Financial Group LLC purchased a new position in Brixmor Property Group in the 1st quarter valued at about $47,000. Abich Financial Wealth Management LLC boosted its holdings in Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 775 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Brixmor Property Group by 19.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 431 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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.