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Investing.com - Stifel maintained its Hold rating on Brixmor Property (NYSE:BRX) while lowering its price target to $29.00 from $29.50 on Tuesday. According to InvestingPro data, the REIT currently trades at a P/E ratio of 24.9x and offers a 4.5% dividend yield, having raised its dividends for four consecutive years.
The adjustment follows Brixmor’s second-quarter financial results, which showed funds from operations (FFO) of $0.56 per share, exceeding both Stifel’s estimate and the broader market consensus by $0.01.
According to Stifel analyst Simon Yarmak, the earnings outperformance was primarily driven by higher net operating income (NOI) from ancillary and other rental income sources.
Brixmor Property, a real estate investment trust specializing in shopping centers, continues to maintain its Hold rating from Stifel despite the slight reduction in price target.
The $29.00 price target represents a modest 1.7% decrease from the previous target of $29.50 set by the research firm.
In other recent news, Brixmor Property Group reported strong financial results for the second quarter of 2025, exceeding analyst expectations. The company achieved an earnings per share (EPS) of $0.28, which was 33.33% higher than the forecasted $0.21. Additionally, Brixmor’s revenue surpassed predictions, reaching $339.49 million compared to the anticipated $331.38 million. These results highlight the company’s solid performance during this period. Following these announcements, analysts have not indicated any upgrades or downgrades. The positive earnings report reflects favorably on Brixmor’s financial health. Investors and analysts are likely to keep a close watch on future developments.
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