Analysts Set Brixmor Property Group Inc. (NYSE:BRX) Target Price at $30.40

Shares of Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $30.40.

Several equities analysts recently issued reports on the company. Evercore ISI raised 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. Wells Fargo & Company lowered their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Scotiabank dropped their price objective on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. The Goldman Sachs Group reduced their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Stifel Nicolaus decreased their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research report on Tuesday, February 11th.

Brixmor Property Group Price Performance

Shares of Brixmor Property Group stock traded up $0.53 on Friday, hitting $25.17. 2,403,382 shares of the company were exchanged, compared to its average volume of 2,229,418. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a 50-day moving average price of $25.35 and a 200 day moving average price of $26.81. The stock has a market capitalization of $7.70 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 2.66 and a beta of 1.25. Brixmor Property Group has a 1-year low of $21.32 and a 1-year high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Brixmor Property Group's quarterly revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts predict that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be paid a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.57%. Brixmor Property Group's payout ratio is currently 109.52%.

Hedge Funds Weigh In On Brixmor Property Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in Brixmor Property Group in the 4th quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in shares of Brixmor Property Group in the fourth quarter worth $26,000. Smartleaf Asset Management LLC increased its holdings in shares of Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 521 shares during the period. Brooklyn Investment Group raised its stake in shares of Brixmor Property Group by 146.4% during the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 953 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Brixmor Property Group by 73.5% during the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock valued at $46,000 after purchasing an additional 693 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Company Profile

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.