Brixmor Property Group (NYSE:BRX) Posts Earnings Results, Beats Expectations By $0.31 EPS

Brixmor Property Group (NYSE:BRX) announced its earnings results on Monday. The real estate investment trust reported $0.53 earnings per share for the quarter, beating 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 %

BRX opened at $27.27 on Wednesday. The business has a 50 day simple moving average of $27.23 and a two-hundred day simple moving average of $27.44. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 2.54 and a beta of 1.58. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. Brixmor Property Group has a one year low of $20.80 and a one year high of $30.67.

Brixmor Property Group Increases Dividend

The firm also recently declared 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. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.22%. Brixmor Property Group’s dividend payout ratio is presently 106.48%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Stifel Nicolaus decreased their target price on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a report on Tuesday. Scotiabank increased their target price on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research report on Monday, November 25th. Truist Financial increased their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company decreased their target price on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Mizuho raised their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.69.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group 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 completion of the transaction, the insider now owns 315,004 shares of the company’s stock, valued at $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.76% of the stock is currently owned by corporate insiders.

Brixmor Property Group Company Profile

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.