Brixmor Property Group (NYSE:BRX) Given New $29.00 Price Target at Mizuho

Brixmor Property Group (NYSE:BRX) had its price objective cut by Mizuho from $31.00 to $29.00 in a report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

BRX has been the topic of a number of other reports. Truist Financial boosted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus reduced their target price 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. Wells Fargo & Company dropped their price target on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Scotiabank increased their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Brixmor Property Group has an average rating of “Moderate Buy” and a consensus target price of $30.71.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $27.59 on Tuesday. Brixmor Property Group has a fifty-two week low of $20.80 and a fifty-two week 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 company has a 50 day moving average price of $26.90 and a 200 day moving average price of $27.60. The stock has a market capitalization of $8.44 billion, a P/E ratio of 24.85, a PEG ratio of 2.66 and a beta of 1.58.

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

Brixmor Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio is currently 103.60%.

Institutional Investors Weigh In On Brixmor Property Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Canada Pension Plan Investment Board boosted its holdings in Brixmor Property Group by 6.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust’s stock valued at $216,930,000 after purchasing an additional 467,146 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Brixmor Property Group by 31.3% in the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust’s stock valued at $163,778,000 after buying an additional 1,404,034 shares in the last quarter. Invesco Ltd. grew its position in shares of Brixmor Property Group by 61.1% in the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock valued at $160,038,000 after buying an additional 2,180,541 shares during the last quarter. Geode Capital Management LLC raised its stake in Brixmor Property Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock worth $157,450,000 after acquiring an additional 38,911 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Brixmor Property Group by 7.8% in the fourth quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust’s stock valued at $151,155,000 after acquiring an additional 393,317 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.