Streetbeat News

BRX

Brixmor Property Group Inc.

https://www.brixmor.com

Industry

REIT - Retail

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 395 retail centers comprise approximately 69 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 approximately 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.

Open

28.74

Mkt cap

8.7B

Volume

977K

High

29.02

P/E Ratio

26.74

52-wk high

30.67

Low

28.73

Div yield

0.04

52-wk low

20.80

Investors are heavily purchasing Goldman Sachs' top high-yield dividend picks, driven by the AI technology rally led by the Magnificent 7 stocks over the past two years.

Portfolio Pulse from

December 15, 2024 | 12:30 pm

Brixmor Property Group Inc. (NYSE: BRX) will release its Q4 2024 earnings on February 10, 2025, after market close, followed by a teleconference on February 11, 2025.

Portfolio Pulse from

December 10, 2024 | 9:30 pm

The article highlights the potential of three retail REITs - Regency Centers Corporation (REG), Brixmor Property Group Inc. (BRX), and Tanger Factory Outlet Centers, Inc. (SKT) - to thrive amid industry optimism. These companies are gaining attention due to their adaptability, focus on omnichannel retailing, and essential retail tenants.

Portfolio Pulse from

December 09, 2024 | 5:00 pm

Real estate activity is rebounding with significant leasing volume in data centers and retail sectors, leading to future revenue visibility. Retail REITs like CTO and Brixmor benefit from high-margin SNO leases, translating to substantial AFFO growth.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Over the past three months, 10 analysts have provided ratings for Brixmor Property Group (NYSE:BRX), with a mix of bullish and indifferent sentiments. The average 12-month price target has increased by 10.18% to $28.15. Analysts have raised their price targets, reflecting a positive outlook. Brixmor's financial performance shows revenue growth but challenges in profitability and returns.

Portfolio Pulse from Benzinga Insights

October 29, 2024 | 9:00 pm

Stifel analyst Simon Yarmak maintains a Hold rating on Brixmor Property Group and raises the price target from $25.5 to $27.5.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 5:34 pm

Brixmor Property Group has raised its FY2024 FFO guidance from $2.11-2.14 to $2.13-2.15, aligning closely with the analyst estimate of $2.13.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:08 pm

Brixmor Property Group reported Q3 2024 earnings per share of $0.52, meeting analyst expectations, and sales of $320.682 million, slightly beating estimates. Both earnings and sales showed growth compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:08 pm

Brixmor Property Group (NYSE:BRX) is set to release its quarterly earnings report on October 28, 2024. Analysts expect an EPS of $0.53. The company's past performance shows a positive reaction to earnings beats, with a 6.72% share price increase following the last quarter's beat. The stock has risen 37.1% over the past year. Analysts rate the stock as Neutral with a price target of $28.35, indicating a 1.69% upside. Brixmor's revenue growth and profitability metrics lag behind peers, but it maintains a balanced debt management strategy.

Portfolio Pulse from Benzinga Insights

October 25, 2024 | 5:01 pm

Evercore ISI Group analyst Samir Khanal maintains an In-Line rating on Brixmor Property Group and raises the price target from $27 to $28.

Portfolio Pulse from Benzinga Newsdesk

September 16, 2024 | 3:03 pm

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