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

Brixmor Property Group Inc. (NYSE:BRX) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.19.

BRX has been the subject of several recent analyst reports. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Evercore ISI cut 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, December 24th. Truist Financial increased their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Stifel Nicolaus boosted their target price on shares of Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Finally, Mizuho raised their price target 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 Price Performance

NYSE:BRX opened at $26.29 on Friday. The firm has a market capitalization of $7.94 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 3.39 and a beta of 1.59. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. The business has a 50 day simple moving average of $28.35 and a 200-day simple moving average of $27.11. Brixmor Property Group has a 1 year low of $20.80 and a 1 year high of $30.67.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.21). Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The firm had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. During the same period in the previous year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts forecast that Brixmor Property Group will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were paid a dividend of $0.287 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, January 3rd. Brixmor Property Group’s dividend payout ratio is 106.48%.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the transaction, the insider now directly owns 315,004 shares of the company’s stock, valued at $9,305,218.16. This represents a 7.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Brixmor Property Group

A number of large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its stake in Brixmor Property Group by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock worth $244,000 after purchasing an additional 441 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Brixmor Property Group by 840.9% during the fourth quarter. SG Americas Securities LLC now owns 217,433 shares of the real estate investment trust’s stock worth $6,053,000 after buying an additional 194,325 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Brixmor Property Group by 67.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 37,374 shares of the real estate investment trust’s stock valued at $1,041,000 after buying an additional 14,995 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 693 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Brixmor Property Group by 1.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock valued at $895,000 after acquiring an additional 532 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

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.