Brokerages Set Brixmor Property Group Inc. (NYSE:BRX) Target Price at $30.69

Brixmor Property Group Inc. (NYSE:BRX) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $30.87.

Several research firms have issued reports on BRX. Mizuho lifted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Tuesday, February 11th. Wells Fargo & Company lowered their price objective on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. KeyCorp upped 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. Finally, Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $28.00 to $33.00 in a research report on Friday.

Brixmor Property Group Stock Performance

Brixmor Property Group stock opened at $27.68 on Thursday. Brixmor Property Group has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The company has a market capitalization of $8.36 billion, a PE ratio of 25.63, a P/E/G ratio of 2.54 and a beta of 1.58. The company has a 50 day moving average price of $27.12 and a 200-day moving average price of $27.47. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. As a group, equities analysts forecast that Brixmor Property Group will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.16%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 106.48%.

Insider Activity at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now owns 315,004 shares in the company, valued at approximately $9,305,218.16. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Brixmor Property Group

Several hedge funds have recently modified their holdings of BRX. Glenmede Trust Co. NA increased its stake in shares of Brixmor Property Group by 222.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock valued at $1,050,000 after purchasing an additional 26,000 shares in the last quarter. Vestcor Inc acquired a new stake in Brixmor Property Group in the third quarter valued at approximately $776,000. Charles Schwab Investment Management Inc. increased its position in shares of Brixmor Property Group by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after buying an additional 159,388 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Brixmor Property Group by 95.0% during the 4th quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after buying an additional 12,593 shares during the period. Finally, Natixis Advisors LLC grew its stake 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 valued at $4,108,000 after acquiring an additional 36,823 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.