Brixmor Property Group Azioni (NYSE: BRX)

Ultime notizie per Brixmor Property Group (NYSE:BRX) Azioni

Brixmor Property Group

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.

Brixmor Property Group Inc

BELARAROX LTD by BELARAROX LTD.

BRIXMOR PROPERTY GROUP REIT ORD

Shares of Simon Property Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spg#NYSE">SPG</a>) have soared 17.4%% in the year-to-date period compared with its industry&#39;s growth of 7.8%.
This retail real estate investment trust&#39;s (REITs) portfolio of premium retail assets in the United States and abroad, the adoption of omnichannel retailing, focus on mixed-use developments and healthy balance sheet strength have enabled it to ride the growth curve so far.
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Let us now decipher the factors behind the increase in the stock price and check whether the trend will last.
Simon Property enjoys a wide exposure to retail assets across the United States. Moreover, the company&#39;s international presence fosters sustainable long-term growth as compared with its domestically-focused peers. Its ownership stake in Kl&eacute;pierre facilitates the expansion of its global footprint, which gives it access to premium retail assets in the high barrier-to-entry markets of Europe. We believe that diversification, with respect to both product and geography, will help it grow over the long term.
In the first half of 2024, it signed 572 new leases and 1,251 renewal leases (excluding mall anchors and majors, new development, redevelopment and leases with terms of one year or less) with a fixed minimum rent across its U.S. Malls and Premium Outlets portfolio.
Given the favorable retail real estate environment, this leasing momentum is expected to continue in the upcoming quarters. As of June 30, 2024, the ending occupancy for the U.S. Malls and Premium Outlets portfolio came in at 95.6%, up 90 basis points from 94.7% as of June 30, 2023. We project the 2024 year-end occupancy for this portfolio to be 95.7%.
Simon Property&#39;s adoption of an omni-channel strategy and successful tie-ups with premium retailers have paid off well. Its online retail platform, coupled with an omnichannel strategy, is likely to be accretive to its long-term growth. The company is also focused on tapping its growth opportunities by assisting digital brands enhance their brick-and-mortar presence.
Also, its efforts to explore the mixed-use development option, which has gained immense popularity in recent years, has enabled it to tap the growth opportunities in areas where people prefer to live, work and play.
<h2>SPG&#39;s Balance Sheet &amp; ROE</h2>
The retail REIT maintains a healthy balance sheet position and has $11.2 billion of liquidity as of the end of the second quarter of 2024. As of June 30, 2024, Simon Property&#39;s total secured debt to total assets was 17%, while the fixed-charge coverage ratio was 4.3, ahead of the required level.
SPG also enjoys a corporate investment-grade credit rating of A- from Standard and Poor&#39;s and a senior unsecured rating of A3 from Moody&#39;s, rendering it favorable access to the debt market. The company&#39;s solid financial footing with ample financial flexibility is likely to support its growth endeavors going forward.
In addition, SPG&#39;s trailing 12-month return on equity is 78.14% compared with the industry&#39;s average of 6.28%. This reflects that the company is more efficient in using shareholders&#39; funds than its peers.
<h2>SPG&#39;s Dividend Payments</h2>
Solid dividend payouts are a massive enticement for REIT investors, and SPG has remained committed to boosting shareholder wealth. Encouragingly, the company has raised its dividend payout 11 times in the last five years, with the latest hike being announced in August 2024, concurrent with the second-quarter 2024 earnings release.
Given SPG&#39;s solid operating platform, opportunities for growth, and decent financial position compared with the industry, we expect the dividend rate to be sustainable in the upcoming period.
<h2>Risks Likely to Affect SPG&#39;s Positive Trend</h2>
rowing e-commerce adoption is likely to adversely impact the market share for brick-and-mortar stores and affect retail REITs including Simon Property. Limited consumers&#39; willingness to spend amid macroeconomic uncertainty poses key near-term concerns for the company.
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the retail REIT sector are Brixmor Property Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brx#NYSE">BRX</a>) and Tanger, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skt#NYSE">SKT</a>), each carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Brixmor&#39;s 2024 FFO per share is pinned at $2.13, suggesting year-over-year growth of 4.4%.
The Zacks Consensus Estimate for Tanger&#39;s 2024 FFO per share stands at $2.09, indicating an increase of 6.6% from the year-ago reported figure.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2347757/simon-property-soars-17-4-year-to-date-will-the-trend-last?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2347757">To read this article on Zacks.com click here.</a>

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Simon Property Soars 17.4% Year to Date: Will the Trend Last?

Shares of Kimco Realty (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kim#NYSE">KIM</a>) have soared 25.9% in the past three months compared with its industry&#39;s rally of 17.2%.
This Jericho, NY-based retail real estate investment trust (REIT) is well-poised to benefit from its portfolio of premium shopping centers, which are predominantly grocery-anchored, in the drivable first-ring suburbs within key major metropolitan Sunbelt and coastal markets. Its focus on developing mixed-use assets and a healthy balance sheet position bode well for long-term growth.
Analysts seem bullish on this Zacks Rank #3 (Hold) company. The Zacks Consensus Estimate for its 2024 FFO per share grew nearly 1% over the past month to $1.62.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/56/79021.jpg?v=1951636324" />
Image Source: Zacks Investment Research
Let&#39;s find out the factors behind the surge in the stock price.
Kimco&#39;s properties are located in the drivable first-ring suburbs within key major metropolitan Sunbelt and coastal markets. Particularly, 82% of the annual base rent (&quot;ABR&quot;) comes from its top major metro markets. Given the strategic location of its properties, it is likely to witness healthy demand in the near term, boosting leasing activity.
Kimco enjoys a diverse tenant base, led by a healthy mix of essential, necessity-based tenants and omni-channel retailers. National/regional tenants accounted for 81% of Kimco&#39;s pro rata ABR as of the end of the second quarter of 2024. Given the strength of its retailers with a developed omnichannel presence, the company is likely to be able to generate stable cash flows.
During uncertain times, the grocery component saved the grace of the retail REITs. As of June 30, 2024, RPT&#39;s acquisition has boosted its ABR from grocery-anchored centers to 83% from 81% in 2022. KIM has set a target to reach 85% of its ABR from this segment.
In the second quarter of 2024, Kimco witnessed 54 consecutive quarters of positive leasing spreads, indicating solid pricing power across its high-quality portfolio. Also, retention rates for the grocery portfolio remain higher compared with the non-grocery portfolio. Given the necessity-driven nature of Kimco&#39;s grocery-anchored portfolio, it is likely to continue witnessing healthy leasing activity in the upcoming period and remains well-positioned to tide over challenging times.
Apart from having a focus on grocery and home-improvement tenants, the company emphasizes mixed-use assets clustered in strong economic metropolitan statistical areas. The mixed-use assets category is benefiting from the recovery in both the apartment and retail sectors.
<h2>KIM&#39;s Strategic Acquisition &amp; Redevelopment Projects</h2>
Kimco has been following an opportunistic investment policy to enhance its overall portfolio quality. This includes divesting its joint venture assets and using the proceeds to fund acquisitions and development and redevelopment projects. In the first half of 2024, the company disposed of 11 operating properties and seven land parcels in separate transactions for an aggregate sales price of $254.1 million.
The acquisition of RPT in January 2024 has benefited the company by increasing scale in high-growth target markets and preserving balance sheet strength. The company remains confident in achieving its 2024 acquisitions range of $300 million to $350 million, which is inclusive of structured investments.
It is actively pursuing redevelopment opportunities within its operating portfolio. The company projects its capital commitment toward these redevelopment projects and re-tenanting efforts for the remainder of 2024 will be within $225-$275 million.
<h2>KIM&#39;s Solid Balance Sheet Position</h2>
Moreover, Kimco maintains a solid balance sheet position. It exited the second quarter of 2024 with $1.9 billion of immediate liquidity. Its consolidated weighted average debt maturity profile is 8.7 years. It also enjoys investment-grade ratings of BBB+ from S&amp;P and Baa1 from Moody&#39;s, rendering it favorable access to the debt market. With a healthy financial footing, KIM is well-positioned to capitalize on long-term growth opportunities.
<h2>Risks Likely to Affect KIM&#39;s Positive Trend</h2>
A rise in e-commerce adoption and efforts of online retailers to go deeper into the grocery business are concerns. Kimco faces competition from several real estate companies and developers who compete with the company for leasing space in shopping centers for tenants. This may affect Kimco&#39;s ability to raise rental rates, including renewal rates and fill up vacancies.
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the retail REIT sector are Tanger Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skt#NYSE">SKT</a>) and Brixmor Property Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brx#NYSE">BRX</a>), each currently carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for SKT&#39;s 2024 FFO per share stands at $2.09, indicating an increase of 6.6% from the year-ago reported figure.
The Zacks Consensus Estimate for BRX&#39;s 2024 FFO per share is pinned at $2.13, suggesting year-over-year growth of 4.4%.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2340754/kimco-realty-stock-rises-25-9-in-three-months-here-s-how?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2340754">To read this article on Zacks.com click here.</a>

Kimco Realty Stock Rises 25.9% in Three Months: Here's How

Evercore ISI Group analyst Samir Khanal maintains Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a In-Line and raises the price target from $27 to $28.

Price Target

Evercore ISI Group Maintains In-Line on Brixmor Property Group, Raises Price Target to $28

In the last three months, 12 analysts have published ratings on Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>), offering a diverse range of perspectives from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $28.38, a high estimate of $33.00, and a low estimate of $25.50. Observing a 10.21% increase, the current average has risen from the previous average price target of $25.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1725984069_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The perception of Brixmor Property Group by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Floris Van Dijkum</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Buy</td>
<td>$30.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Samir Khanal</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$27.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$28.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Greg McGinniss</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Outperform</td>
<td>$29.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Haendel St. Juste</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$27.00</td>
<td>$23.00</td>
</tr>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$28.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Todd Thomas</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$28.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Caitlin Burrows</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$29.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Michael Mueller</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$28.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$33.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Floris Van Dijkum</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Buy</td>
<td>$28.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$25.50</td>
<td>$24.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Brixmor Property Group. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Brixmor Property Group compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Brixmor Property Group's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Brixmor Property Group's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BRX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Brixmor Property Group analyst ratings.</a>
<h2>All You Need to Know About Brixmor Property Group</h2>
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.
<h3>Brixmor Property Group: A Financial Overview</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Brixmor Property Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.9% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Brixmor Property Group's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 22.16%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Brixmor Property Group's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.45%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.81%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Brixmor Property Group's debt-to-equity ratio is below the industry average at 1.88, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Navigating 12 Analyst Ratings For Brixmor Property Group

Compass Point analyst Floris Van Dijkum maintains Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a Buy and raises the price target from $28 to $30.

Compass Point Maintains Buy on Brixmor Property Group, Raises Price Target to $30

In a recent update, SITE Centers Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sitc#NYSE">SITC</a>) has announced that from the beginning of the third quarter of 2024 through Aug. 29, 2024, it has sold 11 wholly-owned shopping centers for $552.7 million. This retail REIT also purchased four convenience properties for a gross price of $88 million. This included Crocker Commons in Cleveland, OH; Maple Corner in Nashville, TN; Village Plaza in Houston, TX; and Brookhaven Station in Atlanta, GA.
As previously announced, the company has successfully closed and funded a mortgage facility amounting to $530 million, which is secured by 23 properties. Additionally, it has repaid its unsecured term loan of $200 million, terminated its revolving credit facility of $950 million and executed a one-for-four reverse stock split of its common shares. Moreover, in August, the company redeemed all of its outstanding senior unsecured notes, resulting in no remaining unsecured debt.
SITE Centers has been following an aggressive capital-recycling program through which it is divesting slow-growth assets and redeploying the proceeds for the acquisitions of premium U.S. shopping centers. These centers offer strong opportunities for rent growth and redevelopment activities.
<h2>The Initiative Strengthens SITC&#39;s Balance Sheet Position</h2>
Such match-funding initiatives relieve pressure off the company&#39;s balance sheet while paving the way for top-line and cash-flow growth and adding value to the portfolio in the long term.
This retail REIT has a healthy balance sheet position with ample liquidity. As of June 30, 2024, it had $2.1 billion of liquidity and an average pro-rata net debt to adjusted EBITDA of 3.4X and fixed charge coverage was 3.9X.
It also enjoys investment-grade credit ratings of BBB-/Baa3/BBB from S&amp;P/ Moody&#39;s/ Fitch, respectively, which render it favorable access to the debt market. With strong financial footing and enough financial flexibility, it is well-placed to capitalize on long-term growth opportunities.
However, given the conveniences of online shopping, growing e-commerce adoption is concerning for SITE Centers. Potential tenant bankruptcies in the near term could affect its profitability and hurt occupancy. A high interest rate environment remain concern.
In the past six months, shares of this Zacks Rank #3 (Hold) company have gained 8.4%, outperforming the industry&#39;s growth of 4.7%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3a/76277.jpg?v=2001993691" />
Image Source: Zacks Investment Research
<h2>Stocks to Consider</h2>
Some better-ranked stocks from the retail REIT sector are Brixmor Property Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brx#NYSE">BRX</a>) and Tanger, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/skt#NYSE">SKT</a>), each carrying a Zacks Rank #2 (Buy) at present.
The Zacks Consensus Estimate for Brixmor Properties&#39; 2024 FFO per share has moved marginally northward over the past month to $2.13.
The Zacks Consensus Estimate for Tanger&#39;s ongoing year&#39;s FFO per share has been raised 1.5% upward over the past month to $2.09.
Note: Anything related to earnings presented in this write-up represent funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2330535/site-centers-disposes-of-11-shopping-centers-and-acquires-4?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2330535">To read this article on Zacks.com click here.</a>

Retail Sales

SITC

SITE Centers Disposes of 11 Shopping Centers and Acquires 4

Evercore ISI Group analyst Samir Khanal maintains Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a In-Line and raises the price target from $26 to $27.

Evercore ISI Group Maintains In-Line on Brixmor Property Group, Raises Price Target to $27

Wells Fargo analyst Dori Kesten maintains Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a Equal-Weight and raises the price target from $24 to $28.

Wells Fargo Maintains Equal-Weight on Brixmor Property Group, Raises Price Target to $28

Regency Centers Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reg#NASDAQ">REG</a>) is one of the leading retail real estate investment trusts (REIT) in the United States. The company&#39;s portfolio mainly consists of grocery-anchored community and neighborhood centers ensuring dependable traffic.
Last month, Regency Centers&nbsp;reported second-quarter 2024 NAREIT funds from operations (FFO) per share of $1.06, which outpaced the Zacks Consensus Estimate of $1.02. Results reflected healthy leasing activity and a year-over-year improvement in the base rent. The company also raised its 2024 outlook.
Analysts seem bullish about this Zacks Rank #2 (Buy) company, with the Zacks Consensus Estimate for its 2024 FFO per share being raised marginally over the past month to $4.22.
Over the past six months, shares of this retail REIT have risen 18% compared with the&nbsp;industry&#39;s 10.5% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6f/75448.jpg?v=82621878" />
Image Source: Zacks Investment Research
<h2>Factors That Make Regency Centers a Solid Pick</h2>
Healthy Leasing Activity and Improving Base Rent:&nbsp;Regency Centers&#39; premium shopping centers are situated in affluent suburban areas and near the urban trade areas where consumers have high spending power, enabling it to attract top grocers and retailers. The company&#39;s focus on necessity, service, convenience and value retailers serving the essential needs of the communities provides it with a strategic advantage.
Notably, anchor tenants (tenants renting spaces greater than or equal to 10,000 square feet) comprised 42.5% (based on pro-rata ABR) of its portfolio as of Jun 30, 2024. Regency Centers executed around 2.2 million square feet of comparable new and renewal leases in the second quarter.
Also, Regency Centers&#39; embedded rent escalators have been a key driving factor behind its rent growth. In the second quarter, same-property base rents contributed 2.9% to same-property net operating income (NOI) growth.
Solid Tenant Base:&nbsp;In uncertain times, the grocery component has benefited retail REITs, and Regency Centers&#39; has numerous industry-leading grocers such as Publix, Kroger, Albertsons Companies, TJX Companies, and Amazon/Whole Foods as tenants. It has a high-quality open-air shopping center portfolio, with more than 80% grocery-anchored neighborhood and community centers. Six of its top 10 tenants are high-performing grocers.
Expansion Efforts:&nbsp;To enhance its portfolio, REG has been undertaking acquisitions and developmental activities. Given its prudent financial management, it is well-poised to capitalize on growth opportunities.
In May 2024, it acquired the Compo Shopping Centers in the heart of Westport, CT. The acquisition of this 76,000-square-foot retail destination is part of the company&#39;s efforts to expand in the Northeast.
In the second quarter, REG started approximately $40 million of new development and redevelopment projects, bringing total project starts to $120 million since the beginning of the year through Aug 1, 2024. As of Jun 30, 2024, Regency Centers&#39; in-process development and redevelopment projects had estimated net project costs of $578 million.
Balance Sheet Strength:&nbsp; Regency Centers enjoys financial flexibility and focuses on further strengthening its balance sheet position. This retail REIT had nearly $1.2 billion of capacity under its revolving credit facility and approximately $79.2 million of cash and equivalents as of Jun 30, 2024. As of the same date, its pro-rata net debt and preferred stock-to-operating EBITDAre ratio was 5.3x while the fixed charge coverage ratio was 4.4x. The company has a well-laddered debt maturity schedule, aiming to have less than nearly 15% of total debt maturing in any given year.
The company also enjoys a large pool of unencumbered assets, which provides it easy access to the secured and unsecured debt markets. As of Jun 30, 2024, 88.1% of its wholly owned real estate assets were unencumbered.
Steady Dividend Pay-outs: Solid dividend payouts are the biggest attraction for REIT investors and Regency Centers is committed to boosting shareholder wealth. In the last five years, the company has raised its dividend four times and its dividend witnessed a CAGR of 3.24%. Therefore, given its solid operating platform, the scope for growth and its decent financial position compared with the industry, this dividend rate is expected to be sustainable over the long run.
<h2>Other Stocks to Consider</h2>
Other top-ranked stocks from the retail REIT sector are&nbsp;Brixmor Property Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brx#NYSE">BRX</a>) and&nbsp;Phillips Edison &amp; Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/peco#NASDAQ">PECO</a>), each carrying a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for Brixmor Property Group&#39;s 2024 FFO per share has moved marginally northward over the past month to $2.13.
The Zacks Consensus Estimate for Phillips Edison &amp; Company&#39;s 2024 FFO per share has increased marginally over the past month to $2.42.
Note:&nbsp;Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2327295/here-s-why-should-you-add-regency-centers-reg-to-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2327295">To read this article on Zacks.com click here.</a>

PECO

Here's Why Should You Add Regency Centers to Your Portfolio

Scotiabank analyst Greg McGinniss maintains Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a Sector Outperform and raises the price target from $25 to $29.

Scotiabank Maintains Sector Outperform on Brixmor Property Group, Raises Price Target to $29

Mizuho analyst Haendel St. Juste maintains Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a Neutral and raises the price target from $23 to $27.

Mizuho Maintains Neutral on Brixmor Property Group, Raises Price Target to $27

Across the recent three months, 9 analysts have shared their insights on Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $27.39, a high estimate of $33.00, and a low estimate of $23.00. Observing a 6.25% increase, the current average has risen from the previous average price target of $25.78. 
<img src="https://www.benzinga.com/files/images/story/2024/1723809628_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The perception of Brixmor Property Group by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ki Bin Kim</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$28.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Todd Thomas</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$28.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Caitlin Burrows</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$29.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Michael Mueller</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$28.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$33.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Floris Van Dijkum</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Buy</td>
<td>$28.00</td>
<td>$26.00</td>
</tr>
<tr>
<td>Simon Yarmak</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$25.50</td>
<td>$24.00</td>
</tr>
<tr>
<td>Dori Kesten</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$24.00</td>
<td>$25.00</td>
</tr>
<tr>
<td>Haendel St. Juste</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$23.00</td>
<td>$24.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Brixmor Property Group. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Brixmor Property Group compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Brixmor Property Group's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/BRX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Brixmor Property Group analyst ratings.</a>
<h2>Unveiling the Story Behind Brixmor Property Group</h2>
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.
<h3>Brixmor Property Group: Delving into Financials</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Positive Revenue Trend: Examining Brixmor Property Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.9% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Brixmor Property Group's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 22.16%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Brixmor Property Group's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.45%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Brixmor Property Group's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.81%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Brixmor Property Group's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.88.
<h2>The Basics of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Brixmor Property Group Stock: Analyst Perspectives (9 Ratings)

Truist Securities analyst Ki Bin Kim maintains Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a Buy and raises the price target from $25 to $28.

Truist Securities Maintains Buy on Brixmor Property Group, Raises Price Target to $28

Disclosed on August 14, Maxwell Sheryl Crosland, Director at Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: After conducting a thorough analysis, Crosland sold 5,000 shares of Brixmor Property Group. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001581068/000106299324015105//Archives/edgar/data/1581068/000106299324015105/0001062993-24-015105-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday. The total transaction value is $127,249.
Brixmor Property Group's shares are actively trading at $25.41, experiencing a down of 0.0% during Thursday's morning session.
<h3>Delving into Brixmor Property Group's Background</h3>
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.
<h3>Key Indicators: Brixmor Property Group's Financial Health</h3>
Revenue Growth: Over the 3 months period, Brixmor Property Group showcased positive performance, achieving a revenue growth rate of 1.9% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 76.79%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Brixmor Property Group's EPS is below the industry average. The company faced challenges with a current EPS of 0.23. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Brixmor Property Group's debt-to-equity ratio is below the industry average. With a ratio of 1.88, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyzing Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 26.2, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 6.1, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Brixmor Property Group's EV/EBITDA ratio at 14.51 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Why Pay Attention to Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Exploring Key Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001581068">Check Out The Full List Of Brixmor Property Group's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Brixmor Property Group Director Trades Company's Stock

Michael Berman, Board Member at Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>), executed a substantial insider sell on August 13, according to an SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001581068/000106299324014956//Archives/edgar/data/1581068/000106299324014956/0001062993-24-014956-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday outlined that Berman executed a sale of 10,000 shares of Brixmor Property Group with a total value of $251,700.
Brixmor Property Group shares are trading down 0.0% at $25.32 at the time of this writing on Wednesday morning.
<h3>All You Need to Know About Brixmor Property Group</h3>
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.
<h3>A Deep Dive into Brixmor Property Group's Financials</h3>
Revenue Growth: Brixmor Property Group displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 1.9%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Real Estate sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 76.79%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Brixmor Property Group's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.23.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.88.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Brixmor Property Group's P/E ratio of 26.1 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 6.08, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With a lower-than-industry-average EV/EBITDA ratio of 14.48, Brixmor Property Group presents a potential value opportunity, as investors are paying less for each unit of EBITDA.
</li>
</ul>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
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<h3>Unmasking the Significance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Cracking Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001581068">Check Out The Full List Of Brixmor Property Group's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Michael Berman Executes Sell Order: Offloads $251K In Brixmor Property Group Stock

Keybanc analyst Todd Thomas maintains Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a Overweight and raises the price target from $26 to $28.

Keybanc Maintains Overweight on Brixmor Property Group, Raises Price Target to $28

Goldman Sachs analyst Caitlin Burrows maintains Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a Buy and raises the price target from $26 to $29.

Goldman Sachs Maintains Buy on Brixmor Property Group, Raises Price Target to $29

JP Morgan analyst Michael Mueller maintains Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a Overweight and raises the price target from $26 to $28.

JP Morgan Maintains Overweight on Brixmor Property Group, Raises Price Target to $28

Piper Sandler analyst Alexander Goldfarb reiterates Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a Overweight and raises the price target from $30 to $33.

Reiteration

Piper Sandler Reiterates Overweight on Brixmor Property Group, Raises Price Target to $33

Compass Point analyst Floris Van Dijkum maintains Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a Buy and raises the price target from $26 to $28.

Compass Point Maintains Buy on Brixmor Property Group, Raises Price Target to $28

In a report released today, Dori Kesten from Wells Fargo maintained a Hold rating on Brixmor Property (BRX – Research Report), with a price target ...

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