Brixmor Property Group
About: Brixmor Property Group Inc is a real estate investment trust based in the United States. The company owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers across the United States. It leases its rentable areas to retailers, restaurants, theatres, entertainment venues, and fitness centers, with the company's tenants consisting of large department stores, discount retailers, and grocery stores. The company is an internally managed REIT. The company operates in Florida, Texas, California, New York, Pennsylvania, Illinois, New Jersey, Georgia, North Carolina, Michigan, Ohio and other states.
Employees: 513
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
25,293% more call options, than puts
Call options by funds: $3.56M | Put options by funds: $14K
88% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 34
16% more capital invested
Capital invested by funds: $6.78B [Q2] → $7.9B (+$1.12B) [Q3]
9% more funds holding
Funds holding: 345 [Q2] → 375 (+30) [Q3]
3.32% less ownership
Funds ownership: 97.68% [Q2] → 94.35% (-3.32%) [Q3]
19% less repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 148
50% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 2 (-2) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$28
0%
upside
Avg. target
$31
13%
upside
High target
$33
20%
upside
6 analyst ratings
4 positive
67%
2 neutral
33%
0 negative
0%
Mizuho Haendel St. Juste 53% 1-year accuracy 8 / 15 met price target | 13%upside $31 | Neutral Maintained | 10 Dec 2024 |
BMO Capital Juan Sanabria 56% 1-year accuracy 5 / 9 met price target | 20%upside $33 | Outperform Upgraded | 6 Dec 2024 |
Scotiabank Greg McGinniss 17% 1-year accuracy 2 / 12 met price target | 17%upside $32 | Sector Outperform Maintained | 25 Nov 2024 |
Truist Securities Ki Bin Kim 48% 1-year accuracy 19 / 40 met price target | 13%upside $31 | Buy Maintained | 15 Nov 2024 |
Keybanc Todd Thomas 50% 1-year accuracy 8 / 16 met price target | 17%upside $32 | Overweight Maintained | 12 Nov 2024 |
Financial journalist opinion
Based on 5 articles about BRX published over the past 30 days
Neutral
PRNewsWire
19 hours ago
MOODY'S INVESTOR SERVICES UPGRADES BRIXMOR PROPERTY GROUP CREDIT RATING TO 'Baa2'
NEW YORK , Dec. 20, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) ("Brixmor" or the "Company") announced today that Moody's Investor Services ("Moody's") raised its issuer credit ratings on Brixmor Property Group Inc. and the Company's operating partnership, Brixmor Operating Partnership LP, to 'Baa2' from 'Baa3', with a stable outlook. Moody's indicated in their announcement that this upgrade reflects the Company's consistently strong operating results, strong asset quality, and improved leverage ratios.
Positive
24/7 Wall Street
6 days ago
Investors Are Buying Goldman Sachs Top High-Yield Dividend Picks Hand-Over-Fist
The artificial intelligence-driven technology rally led by the so-called Magnificent 7 over the past two years has been remarkable if you own those stocks.
Neutral
PRNewsWire
1 week ago
BRIXMOR PROPERTY GROUP ANNOUNCES FOURTH QUARTER 2024 EARNINGS RELEASE AND TELECONFERENCE DATES
NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Brixmor Property Group Inc. (NYSE: BRX) today announced that it will release its 2024 fourth quarter earnings on Monday, February 10, 2025 after the market close. Brixmor will host a teleconference on Tuesday, February 11, 2025 at 10:00 AM ET.
Positive
Zacks Investment Research
1 week ago
3 Retail REIT Leaders Positioned to Thrive Amid Industry Optimism
Amid limited supply and a focus on omnichannel retailing, adaptability and essential retail tenants, the Zacks REIT and Equity Trust - Retail stocks REG, BRX and SKT are gaining attention for their potential to thrive in current market conditions.
Positive
Seeking Alpha
2 weeks ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Positive
Seeking Alpha
1 month ago
It Is SNOing In November For REITs
Real estate activity is rebounding as macroeconomic uncertainties clear, with significant leasing volume in data centers and retail sectors, leading to future revenue visibility. SNO leases in data centers and retail REITs provide excellent visibility into future annual base rent, impacting future FFO growth as leases commence in 2025-2026. Retail REITs like CTO and Brixmor benefit from high-margin SNO leases filling vacant spaces, translating to substantial AFFO growth, unlike lower-margin data center leases.
Positive
Seeking Alpha
1 month ago
Brixmor Property Group: Weighing The Impact Of Non-Essential Retail And Tenant Quality
Brixmor Property Group has delivered over 37% total returns since November 2023, with a current forward yield of 4.16% and a low P/FFO multiple of 12.92x. Looking at BRX stock, I can see a compelling entry point in terms of the valuations relative to other peers such as REG, KIM and FRT. However, diving deeper a bit more, I will also identify some reasons why the discount could be justified.
Negative
Seeking Alpha
1 month ago
Pivotal Decisions
Ahead of a pivotal week of consequential decisions, U.S. equity markets posted a second-straight week of declines as investors parsed a relatively disappointing slate of employment and inflation data. The pivotal Nonfarm Payrolls report showed that the U.S. economy added just 12k jobs in October - the weakest month since 2020 - with notably weaker trends under the surface. Private employment declined by 28k during the month, fueled by the largest plunge in manufacturing employment since the pandemic shutdown, alongside job declines in retail, transportation, and hospitality.
Neutral
Seeking Alpha
1 month ago
Brixmor Property Group Inc. (BRX) Q3 2024 Earnings Call Transcript
Brixmor Property Group Inc. (NYSE:BRX ) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Samantha Strong - VP, IR Jim Taylor - CEO Brian Finnegan - President and COO Steve Gallagher - EVP and CFO Mark Horgan - EVP and CIO Conference Call Participants Juan Sanabria - BMO Capital Markets Viktor Fediv - Scotiabank Todd Thomas - KeyBanc Capital Markets Jeff Spector - Bank of America Floris van Dijkum - Compass Point Ki Bin Kim - Truist Securities Craig Mailman - Citi Alexander Goldfarb - Piper Sandler Samir Khanal - Evercore ISI Dori Kesten - Wells Fargo Haendel St. Juste - Mizuho Securities Caitlin Burrows - Goldman Sachs Mike Mueller - JPMorgan Paulina Rojas - Green Street Conor Peaks - Deutsche Bank Operator Ladies and gentlemen good morning, and welcome to the Brixmor Property Group Inc. Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Neutral
Zacks Investment Research
1 month ago
Here's What Key Metrics Tell Us About Brixmor (BRX) Q3 Earnings
While the top- and bottom-line numbers for Brixmor (BRX) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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