Stocks of Brixmor Property Group Inc. (NYSE:BRX) traded higher last session on Wall Street, down -0.53% to $22.36.
According to the data, Brixmor Property Group Inc. (NYSE:BRX) has 17 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $22.00, we find $25.00. Given the previous closing price of $22.48, this indicates a potential upside of 11.21 percent. BRX stock price is now 0.45% away from the 50-day moving average and 2.25% away from the 200-day moving average. The market capitalization of the company currently stands at $6.69B.
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A total of 6 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $25.50 as their price target over the next twelve months.
With the price target maintained at $25, Scotiabank recently Upgraded its rating from Sector Perform to Sector Outperform for Brixmor Property Group Inc. (NYSE: BRX).
In other news, Aman Angela M, EVP, Chief Financial Officer sold 12,500 shares of the company’s stock on Feb 15. The stock was sold for $288,000 at an average price of $23.04. Upon completion of the transaction, the EVP, Chief Financial Officer now directly owns 162,054 shares in the company, valued at $3.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02, Director Berman Michael B sold 15,000 shares of the business’s stock. A total of $344,400 was realized by selling the stock at an average price of $22.96. This leaves the insider owning 45,146 shares of the company worth $1.01 million. Insiders disposed of 372,311 shares of company stock worth roughly $8.32 million over the past 1 year. A total of 0.64% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BRX stock. A new stake in Brixmor Property Group Inc. shares was purchased by WEISS MULTI-STRATEGY ADVISERS LLC during the first quarter worth $37,844,000. CEREDEX VALUE ADVISORS LLC invested $12,434,000 in shares of BRX during the first quarter. In the first quarter, NATIXIS acquired a new stake in Brixmor Property Group Inc. valued at approximately $7,652,000. UBS OCONNOR LLC acquired a new stake in BRX for approximately $3,961,000. OVERSEA-CHINESE BANKING CORP LTD purchased a new stake in BRX valued at around $3,486,000 in the second quarter. In total, there are 480 active investors with 99.40% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $22.46 for Brixmor Property Group Inc. (NYSE: BRX). During the past 12 months, Brixmor Property Group Inc. has had a low of $17.62 and a high of $24.26. The fifty day moving average price for BRX is $22.27 and a two-hundred day moving average price translates $21.86 for the stock.
The latest earnings results from Brixmor Property Group Inc. (NYSE: BRX) was released for Jun, 2023. According to the REIT – Retail Company, earnings per share came in at $0.19, missing analysts’ expectations of $0.21 by -0.02. This compares to $0.29 EPS in the same period last year. The net profit margin was 28.70% and return on equity was 12.40% for BRX. The company reported revenue of $309.79 million for the quarter, compared to $306.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.2 percent. For the current quarter, analysts expect BRX to generate $308.32M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/16/2023. Investors who held shares on 10/03/2023 were paid a $0.26 dividend. On an annualized basis, this represents a $1.04 dividend and a 4.65% percent yield. There was an ex-dividend date of 10/02/2023 for this dividend. In terms of dividend payout ratio, BRX is presently at 88.20%.
Brixmor Property Group Inc.(BRX) 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 365 retail centers comprise approximately 65 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. Brixmor is a proud real estate partner to over 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets and Ross Stores.
