Brixmor Property Group Inc. (NYSE:BRX) Given Average Recommendation of “Moderate Buy” by Brokerages

Brixmor Property Group Inc. (NYSE:BRX) has been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $30.19.

Several analysts have issued reports on BRX shares. KeyCorp increased their target price on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Evercore ISI dropped their price objective on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating on the stock in a research report on Tuesday. Wells Fargo & Company boosted their target price on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $30.00 to $33.00 in a report on Friday, December 6th. Finally, Mizuho boosted their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $27.72 on Wednesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. The stock’s fifty day moving average price is $28.69 and its 200-day moving average price is $26.58. The firm has a market cap of $8.37 billion, a P/E ratio of 25.67, a P/E/G ratio of 3.96 and a beta of 1.58. Brixmor Property Group has a 12 month low of $20.80 and a 12 month high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The business had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. During the same period last year, the business posted $0.50 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Brixmor Property Group will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a yield of 4.14%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s payout ratio is presently 106.48%.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the transaction, the insider now owns 315,004 shares of the company’s stock, valued at $9,305,218.16. The trade was a 7.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Glenmede Trust Co. NA boosted its stake in shares of Brixmor Property Group by 222.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after acquiring an additional 26,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Brixmor Property Group by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after buying an additional 159,388 shares during the period. Vestcor Inc acquired a new stake in Brixmor Property Group in the 3rd quarter valued at $776,000. Wolverine Asset Management LLC acquired a new stake in Brixmor Property Group in the 2nd quarter valued at $494,000. Finally, Natixis Advisors LLC increased its holdings in Brixmor Property Group by 33.3% in the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock worth $4,108,000 after acquiring an additional 36,823 shares in the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

About Brixmor Property Group

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 362 retail centers comprise approximately 64 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.