Brixmor Property Group Inc. (NYSE:BRX) Receives $30.48 Average Target Price from Analysts

Brixmor Property Group Inc. (NYSE:BRX) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $30.48.

Several brokerages have recently weighed in on BRX. Stifel Nicolaus cut their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a report on Tuesday, February 11th. 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 research report on Tuesday, February 11th. Wells Fargo & Company cut their price target on Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Mizuho cut their target price on shares of Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 25th. Finally, Jefferies Financial Group upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $28.00 to $33.00 in a research note on Friday, February 14th.

Institutional Investors Weigh In On Brixmor Property Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Brixmor Property Group in the fourth quarter worth approximately $110,205,000. Northern Trust Corp increased its holdings in shares of Brixmor Property Group by 96.2% during the 4th quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust’s stock valued at $135,590,000 after acquiring an additional 2,388,264 shares during the last quarter. Invesco Ltd. lifted its position in Brixmor Property Group by 61.1% during the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock worth $160,038,000 after acquiring an additional 2,180,541 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Brixmor Property Group by 31.3% in the fourth quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust’s stock worth $163,778,000 after acquiring an additional 1,404,034 shares during the last quarter. Finally, Brookfield Corp ON bought a new stake in shares of Brixmor Property Group in the 3rd quarter worth approximately $38,051,000. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 4.1 %

Brixmor Property Group stock opened at $23.96 on Friday. 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’s fifty day moving average is $26.57 and its two-hundred day moving average is $27.47. Brixmor Property Group has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. Analysts predict that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, April 2nd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

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.