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

Brixmor Property Group Inc. (NYSE:BRX) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $25.38.

BRX has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a research report on Tuesday, February 13th. Truist Financial reissued a “buy” rating and set a $25.00 target price on shares of Brixmor Property Group in a research report on Monday, March 25th. The Goldman Sachs Group cut their target price on shares of Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Brixmor Property Group in a report on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Mizuho restated 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.

Brixmor Property Group Trading Up 1.4 %

NYSE BRX opened at $21.31 on Friday. The company’s 50-day moving average price is $22.48 and its 200-day moving average price is $22.10. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.73. The stock has a market cap of $6.42 billion, a PE ratio of 21.10, a PEG ratio of 2.54 and a beta of 1.53. Brixmor Property Group has a 12 month low of $19.40 and a 12 month high of $24.47.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.27). The company had revenue of $316.49 million during the quarter, compared to the consensus estimate of $311.77 million. Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. Equities research analysts forecast that Brixmor Property Group will post 2.08 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were paid a $0.273 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.09 dividend on an annualized basis and a yield of 5.12%. Brixmor Property Group’s dividend payout ratio (DPR) is 107.92%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Brixmor Property Group

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Brixmor Property Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 45,760,884 shares of the real estate investment trust’s stock valued at $950,911,000 after purchasing an additional 440,566 shares in the last quarter. BlackRock Inc. increased its holdings in Brixmor Property Group by 0.4% in the 1st quarter. BlackRock Inc. now owns 36,400,269 shares of the real estate investment trust’s stock worth $783,334,000 after acquiring an additional 149,259 shares in the last quarter. Wellington Management Group LLP increased its holdings in Brixmor Property Group by 99.4% in the 1st quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust’s stock worth $519,296,000 after acquiring an additional 10,028,534 shares in the last quarter. State Street Corp increased its holdings in Brixmor Property Group by 13.6% in the 1st quarter. State Street Corp now owns 16,686,118 shares of the real estate investment trust’s stock worth $430,669,000 after acquiring an additional 2,001,159 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Brixmor Property Group by 16.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,985,745 shares of the real estate investment trust’s stock worth $348,718,000 after acquiring an additional 2,067,135 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

About Brixmor Property Group

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.