Brixmor Property Group Inc. (NYSE:BRX) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $30.30.

Several brokerages recently weighed in on BRX. Scotiabank cut their price target on shares of Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. The Goldman Sachs Group reduced 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 research report on Thursday, May 1st. Mizuho decreased their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. UBS Group started coverage on Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 price objective on the stock. Finally, Wells Fargo & Company lowered 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.

Institutional Investors Weigh In On Brixmor Property Group

A number of institutional investors have recently added to or reduced their stakes in BRX. Nicola Wealth Management LTD. purchased a new position in Brixmor Property Group in the first quarter worth $836,000. Strs Ohio acquired a new position in shares of Brixmor Property Group in the first quarter valued at approximately $31,061,000. Acadian Asset Management LLC acquired a new stake in shares of Brixmor Property Group during the first quarter worth $1,149,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Brixmor Property Group by 5.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,314,011 shares of the real estate investment trust's stock worth $61,437,000 after purchasing an additional 114,069 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its position in shares of Brixmor Property Group by 8.8% in the 1st quarter. Great Lakes Advisors LLC now owns 156,424 shares of the real estate investment trust's stock worth $4,153,000 after buying an additional 12,608 shares during the period. Hedge funds and other institutional investors own 98.43% of the company's stock.

Brixmor Property Group Trading Down 0.3%

BRX opened at $25.45 on Wednesday. Brixmor Property Group has a 52 week low of $22.09 and a 52 week high of $30.67. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.73. The stock's fifty day moving average is $25.39 and its two-hundred day moving average is $26.37. The company has a market capitalization of $7.79 billion, a P/E ratio of 24.24, a PEG ratio of 2.65 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The company had revenue of $337.51 million for the quarter, compared to the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Analysts forecast that Brixmor Property Group will post 2.22 earnings per share for the current year.

Brixmor Property Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is presently 109.52%.

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.

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