Brixmor Property Group’s (BRX) Buy Rating Reaffirmed at Truist Financial

Truist Financial reissued their buy rating on shares of Brixmor Property Group (NYSE:BRXFree Report) in a report released on Monday morning, Benzinga reports. They currently have a $25.00 price objective on the real estate investment trust’s stock.

Other equities research analysts have also recently issued reports about the company. Mizuho reaffirmed a neutral rating and issued a $24.00 target price (up from $23.00) on shares of Brixmor Property Group in a report on Friday, February 23rd. Stifel Nicolaus lifted their target price on Brixmor Property Group from $22.75 to $24.00 and gave the stock a hold rating in a report on Tuesday, February 13th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Brixmor Property Group in a report on Tuesday, January 30th. They issued a buy rating and a $27.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $25.38.

View Our Latest Analysis on Brixmor Property Group

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock opened at $22.44 on Monday. The stock’s 50-day simple moving average is $22.65 and its 200-day simple moving average is $22.08. Brixmor Property Group has a 52 week low of $19.40 and a 52 week high of $24.47. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 2.74 and a beta of 1.53. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.73.

Brixmor Property Group (NYSE:BRXGet Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.24 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.27). Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. The business had revenue of $316.49 million during the quarter, compared to analysts’ expectations of $311.77 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Brixmor Property Group’s revenue was up 2.6% on a year-over-year basis. As a group, analysts expect that Brixmor Property Group will post 2.08 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd will be paid a dividend of $0.273 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.09 annualized dividend and a yield of 4.87%. The ex-dividend date is Monday, April 1st. Brixmor Property Group’s payout ratio is presently 107.92%.

Insiders Place Their Bets

In other Brixmor Property Group news, insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $23.26, for a total transaction of $174,450.00. Following the sale, the insider now directly owns 213,549 shares of the company’s stock, valued at $4,967,149.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Michael B. Berman sold 10,475 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the transaction, the director now owns 40,556 shares of the company’s stock, valued at $925,487.92. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian T. Finnegan sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $23.26, for a total value of $174,450.00. Following the transaction, the insider now directly owns 213,549 shares in the company, valued at approximately $4,967,149.74. The disclosure for this sale can be found here. Insiders have sold 25,475 shares of company stock valued at $585,990 over the last ninety days. 0.64% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd bought a new position in shares of Brixmor Property Group during the fourth quarter valued at approximately $823,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $4,445,000. Wellington Management Group LLP boosted its holdings in shares of Brixmor Property Group by 3.7% in the fourth quarter. Wellington Management Group LLP now owns 10,915,844 shares of the real estate investment trust’s stock valued at $254,012,000 after purchasing an additional 394,158 shares during the period. Quarry LP purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at approximately $40,000. Finally, FIL Ltd boosted its holdings in shares of Brixmor Property Group by 1.4% in the fourth quarter. FIL Ltd now owns 182,481 shares of the real estate investment trust’s stock valued at $4,246,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 94.98% of the company’s stock.

Brixmor Property Group Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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