Brixmor Property Group (NYSE:BRX) Stock Gets Price Target Trim from Piper Sandler

Brixmor Property Group (NYSE:BRX) had its price objective reduced by Piper Sandler from $40.00 to $36.00 in a research note published on Monday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Several other brokerages have also recently issued reports on BRX. Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a research note on Thursday, July 23rd. Mizuho dropped their target price on Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a report on Friday, July 31st. BMO Capital Markets raised their price target on shares of Brixmor Property Group from $35.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Finally, UBS Group reduced their price target on shares of Brixmor Property Group from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average target price of $33.45.

Brixmor Property Group Price Performance

Shares of BRX opened at $27.11 on Monday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.82 and a quick ratio of 0.82. The company’s fifty day moving average price is $28.63 and its 200-day moving average price is $30.02. Brixmor Property Group has a 1-year low of $24.66 and a 1-year high of $32.86. The firm has a market capitalization of $8.32 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 2.12 and a beta of 0.97.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $354.39 million. During the same quarter last year, the business earned $0.56 EPS. The business’s 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, equities research analysts predict that Brixmor Property Group will post 2.36 EPS for the current year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 4.5%. The ex-dividend date is Friday, October 2nd. Brixmor Property Group’s payout ratio is currently 87.86%.

Hedge Funds Weigh In On Brixmor Property Group

A number of large investors have recently bought and sold shares of BRX. BlackRock Inc. acquired a new position in shares of Brixmor Property Group during the second quarter valued at approximately $1,265,950,000. Canada Pension Plan Investment Board purchased a new position in shares of Brixmor Property Group in the second quarter valued at approximately $180,406,000. Principal Financial Group Inc. boosted its stake in shares of Brixmor Property Group by 686.1% in the first quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock worth $149,083,000 after acquiring an additional 4,518,001 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Brixmor Property Group by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,790,090 shares of the real estate investment trust’s stock worth $137,955,000 after acquiring an additional 64,449 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Brixmor Property Group by 14.1% in the fourth quarter. Captrust Financial Advisors now owns 4,072,260 shares of the real estate investment trust’s stock worth $106,775,000 after acquiring an additional 504,624 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

About Brixmor Property Group

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers in the United States. Its properties are generally anchored by grocery stores and serve communities with a mix of essential retail, dining, service, and other consumer-oriented businesses.

The company’s activities include leasing retail space, managing shopping-center operations, and investing in property redevelopment and improvements. Brixmor focuses on maintaining well-located centers and strengthening tenant mixes to support the long-term needs of the communities in which its properties are located.

Brixmor was formed in 2011 and became a publicly traded company in 2013.