Brixmor Property Group (NYSE:BRX) Sets New 1-Year Low at $20.83

Brixmor Property Group Inc. (NYSE:BRXGet Rating) reached a new 52-week low during trading on Monday . The stock traded as low as $20.83 and last traded at $20.89, with a volume of 32973 shares changing hands. The stock had previously closed at $21.79.

Several equities research analysts have commented on BRX shares. StockNews.com started coverage on shares of Brixmor Property Group in a report on Thursday, March 31st. They set a “hold” rating on the stock. Mizuho dropped their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, February 15th. Deutsche Bank Aktiengesellschaft upped their price target on Brixmor Property Group from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, March 31st. Wells Fargo & Company raised their price objective on shares of Brixmor Property Group from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, April 7th. Finally, TheStreet lowered shares of Brixmor Property Group from a “b-” rating to a “c+” rating in a report on Monday, May 23rd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Brixmor Property Group has a consensus rating of “Hold” and an average target price of $27.25.

The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $6.12 billion, a P/E ratio of 22.23, a P/E/G ratio of 1.54 and a beta of 1.52. The business’s fifty day moving average price is $24.55 and its 200-day moving average price is $24.79.

Brixmor Property Group (NYSE:BRXGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. Brixmor Property Group had a net margin of 25.39% and a return on equity of 10.92%. During the same quarter in the prior year, the company posted $0.44 earnings per share. As a group, equities research analysts forecast that Brixmor Property Group Inc. will post 1.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Tuesday, July 5th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend is Friday, July 1st. Brixmor Property Group’s dividend payout ratio is presently 97.96%.

In related news, insider Brian T. Finnegan sold 5,000 shares of the business’s stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $25.84, for a total transaction of $129,200.00. Following the transaction, the insider now owns 150,682 shares in the company, valued at $3,893,622.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven F. Siegel sold 20,000 shares of the business’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $26.00, for a total transaction of $520,000.00. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $1,304,900 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in BRX. Allworth Financial LP grew its holdings in Brixmor Property Group by 123.0% in the fourth quarter. Allworth Financial LP now owns 1,155 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 637 shares during the period. Prospera Financial Services Inc purchased a new stake in Brixmor Property Group in the first quarter worth about $43,000. Brown Brothers Harriman & Co. purchased a new stake in Brixmor Property Group in the first quarter worth about $43,000. Covestor Ltd grew its holdings in Brixmor Property Group by 170.2% in the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,159 shares during the period. Finally, Ellevest Inc. grew its holdings in Brixmor Property Group by 205.5% in the first quarter. Ellevest Inc. now owns 1,894 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,274 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

About Brixmor Property Group (NYSE:BRX)

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 395 retail centers comprise approximately 69 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.

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