Brixmor Property Group (NYSE:BRX) Posts Earnings Results

Brixmor Property Group (NYSE:BRX) posted its earnings results on Monday. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.31, Zacks reports. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. Brixmor Property Group updated its FY 2025 guidance to 2.190-2.240 EPS.

Brixmor Property Group Trading Up 4.2 %

Shares of BRX stock opened at $27.27 on Wednesday. Brixmor Property Group has a 1 year low of $20.80 and a 1 year high of $30.67. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. The stock’s 50 day simple moving average is $27.23 and its two-hundred day simple moving average is $27.44. The company has a market cap of $8.24 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.54 and a beta of 1.58.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.22%. Brixmor Property Group’s dividend payout ratio is 106.48%.

Analysts Set New Price Targets

Several analysts recently weighed in on BRX shares. Scotiabank upped their price target on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Stifel Nicolaus lowered their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research report on Tuesday. Mizuho upped their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company lowered their price objective on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.69.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the transaction, the insider now owns 315,004 shares of the company’s stock, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.76% of the company’s stock.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.