Brixmor Property Group (NYSE:BRX) Stock Gets Price Target Reduction from UBS Group

by · The Markets Daily

Brixmor Property Group (NYSE:BRX – Free Report) had its price objective cut by UBS Group from $37.00 to $33.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

A number of other research analysts have also commented on BRX. BMO Capital Markets upped their price target on shares of Brixmor Property Group from $35.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Mizuho cut their price objective on shares of Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. Piper Sandler restated an “overweight” rating on shares of Brixmor Property Group in a research report on Friday, September 25th. Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd. Finally, Stifel Nicolaus boosted their price objective on Brixmor Property Group from $31.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average target price of $33.82.

Check Out Our Latest Report on BRX

Brixmor Property Group Price Performance

NYSE:BRX opened at $27.28 on Friday. Brixmor Property Group has a one year low of $24.66 and a one year high of $32.86. The company has a market cap of $8.37 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.12 and a beta of 0.97. The firm’s fifty day moving average price is $28.87 and its two-hundred day moving average price is $30.05. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.82 and a quick ratio of 0.82.

Brixmor Property Group (NYSE:BRX – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.34). The company had revenue of $354.20 million during the quarter, compared to the consensus estimate of $354.39 million. Brixmor Property Group had a net margin of 30.82% and a return on equity of 14.38%. Brixmor Property Group’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.56 earnings per share. Brixmor Property Group has set its FY 2026 guidance at 2.350-2.370 EPS. Equities analysts expect that Brixmor Property Group will post 2.36 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Friday, October 2nd will be paid a $0.3075 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.23 annualized dividend and a yield of 4.5%. Brixmor Property Group’s payout ratio is 87.86%.

Institutional Trading of Brixmor Property Group

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Brixmor Property Group by 5.2% in the third quarter. GAMMA Investing LLC now owns 8,450 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 416 shares during the period. Miller Global Investments LLC acquired a new stake in Brixmor Property Group during the third quarter worth approximately $58,000. Versant Capital Management Inc grew its position in Brixmor Property Group by 34.7% during the third quarter. Versant Capital Management Inc now owns 1,753 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 452 shares in the last quarter. QRG Capital Management Inc. grew its position in Brixmor Property Group by 10.8% during the second quarter. QRG Capital Management Inc. now owns 14,819 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 1,445 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in Brixmor Property Group during the second quarter worth approximately $229,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

(Get Free Report)

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.

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