Brixmor Property Group Inc. (NYSE:BRX) Given Consensus Rating of “Moderate Buy” by Analysts

Brixmor Property Group Inc. (NYSE:BRX) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $28.54.

Several brokerages have weighed in on BRX. Stifel Nicolaus lifted their price target on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a report on Tuesday, October 29th. KeyCorp upped their target price on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Mizuho raised their price target on Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Truist Financial upped their price objective on Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Wells Fargo & Company lifted their target price on Brixmor Property Group from $24.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th.

Insider Buying and Selling

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total transaction of $127,250.00. Following the sale, the director now directly owns 46,291 shares in the company, valued at $1,178,105.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BRX. Larson Financial Group LLC bought a new stake in shares of Brixmor Property Group in the 1st quarter worth about $47,000. PGGM Investments boosted its position in shares of Brixmor Property Group by 167.2% during the second quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock valued at $86,847,000 after buying an additional 2,353,582 shares during the period. 1832 Asset Management L.P. purchased a new stake in shares of Brixmor Property Group in the first quarter worth approximately $16,964,000. SG Americas Securities LLC raised its holdings in shares of Brixmor Property Group by 115.8% in the first quarter. SG Americas Securities LLC now owns 136,678 shares of the real estate investment trust’s stock worth $3,205,000 after buying an additional 73,335 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Brixmor Property Group during the 1st quarter worth approximately $124,978,000. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Stock Up 3.1 %

Shares of BRX stock opened at $27.94 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.50 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a 12 month low of $20.69 and a 12 month high of $28.45. The stock has a market cap of $8.44 billion, a P/E ratio of 25.87, a P/E/G ratio of 4.39 and a beta of 1.57. The company has a 50 day simple moving average of $27.54 and a two-hundred day simple moving average of $24.77.

Brixmor Property Group (NYSE:BRX) last announced 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). The company had revenue of $320.68 million during the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. Brixmor Property Group’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 earnings per share. On average, research analysts expect that Brixmor Property Group will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.11%. 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 dividend payout ratio is currently 100.93%.

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.