Brixmor Property Group Inc. (NYSE:BRX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $25.38.

BRX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Brixmor Property Group in a report on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price target for the company. Mizuho reiterated a “neutral” rating and issued a $24.00 price target (up from $23.00) on shares of Brixmor Property Group in a report on Friday, February 23rd. Stifel Nicolaus boosted their price target on Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a report on Tuesday, February 13th. Truist Financial reiterated a “buy” rating and issued a $25.00 price target on shares of Brixmor Property Group in a report on Monday, March 25th. Finally, The Goldman Sachs Group lowered their price target on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 27th.

Brixmor Property Group Price Performance

BRX stock opened at $21.31 on Friday. 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 has a 52-week low of $19.40 and a 52-week high of $24.47. The stock’s 50 day moving average is $22.48 and its two-hundred day moving average is $22.10. The company has a market capitalization of $6.42 billion, a PE ratio of 21.10, a P/E/G ratio of 2.54 and a beta of 1.53.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.27). Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The business had revenue of $316.49 million for the quarter, compared to analysts’ expectations of $311.77 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Brixmor Property Group’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts predict 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 was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were given a dividend of $0.273 per share. The ex-dividend date was Monday, April 1st. This represents a $1.09 dividend on an annualized basis and a yield of 5.12%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s payout ratio is currently 107.92%.

Insider Activity at Brixmor Property Group

In related news, insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $23.00, for a total transaction of $172,500.00. Following the completion of the transaction, the insider now owns 225,051 shares in the company, valued at approximately $5,176,173. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Brixmor Property Group news, insider Brian T. Finnegan sold 7,500 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $23.00, for a total transaction of $172,500.00. Following the completion of the transaction, the insider now owns 225,051 shares in the company, valued at approximately $5,176,173. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael B. Berman sold 10,475 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the transaction, the director now owns 40,556 shares of the company’s stock, valued at approximately $925,487.92. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Institutional Trading of Brixmor Property Group

Institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new stake in shares of Brixmor Property Group in the first quarter valued at $43,000. Quarry LP acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at $40,000. Covestor Ltd lifted its holdings in shares of 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 valued at $47,000 after buying an additional 1,159 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of Brixmor Property Group by 42.9% in the first quarter. Belpointe Asset Management LLC now owns 1,931 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 580 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in shares of Brixmor Property Group in the fourth quarter valued at $45,000. Institutional investors and hedge funds 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.