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

Brixmor Property Group (NYSE:BRX - Get Free Report) posted 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 Stock Up 1.9 %

Brixmor Property Group stock traded up $0.53 on Thursday, hitting $28.12. 3,774,487 shares of the stock traded hands, compared to its average volume of 2,607,503. The business's fifty day simple moving average is $27.16 and its 200 day simple moving average is $27.45. The firm has a market cap of $8.49 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.54 and a beta of 1.58. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a 1 year low of $20.80 and a 1 year high of $30.67.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.09%. Brixmor Property Group's dividend payout ratio is 106.48%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BRX shares. Truist Financial boosted their price objective 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. Stifel Nicolaus decreased their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a report on Tuesday. Mizuho upped their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. KeyCorp raised their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. Finally, Scotiabank lifted their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.69.

Insider Buying and Selling

In related 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 value of $738,500.00. Following the sale, the insider now owns 315,004 shares in the company, valued at $9,305,218.16. This represents a 7.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.76% of the stock is owned by company insiders.

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.