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

Brixmor Property Group Inc. (NYSE:BRX) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $30.40.

Several equities analysts recently issued reports on BRX shares. Scotiabank reduced their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a “sector outperform” rating on the stock in a research note on Monday, May 12th. Stifel Nicolaus decreased their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a report on Tuesday, February 11th. The Goldman Sachs Group decreased their price objective on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Tuesday, February 11th. Finally, Mizuho reduced their price target on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 25th.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $24.64 on Friday. The company has a 50-day simple moving average of $25.38 and a 200-day simple moving average of $26.86. Brixmor Property Group has a one year low of $21.32 and a one year high of $30.67. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $7.54 billion, a price-to-earnings ratio of 22.20, a PEG ratio of 2.66 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The business had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. During the same period in the previous year, the business posted $0.54 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that Brixmor Property Group will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd will be issued a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.67%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 109.52%.

Institutional Trading of Brixmor Property Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Securian Asset Management Inc. lifted its stake in Brixmor Property Group by 1.8% during the 1st quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust’s stock valued at $617,000 after acquiring an additional 400 shares in the last quarter. US Bancorp DE boosted its position in shares of Brixmor Property Group by 5.3% during the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 405 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Brixmor Property Group by 0.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 61,435 shares of the real estate investment trust’s stock valued at $1,710,000 after acquiring an additional 434 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Brixmor Property Group by 5.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock valued at $244,000 after acquiring an additional 441 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Brixmor Property Group by 53.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 498 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

About Brixmor Property Group

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.