Brixmor Property Group Inc. (NYSE:BRX) Receives Consensus Rating of "Moderate Buy" from Analysts

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 covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $30.30.

A number of equities research analysts have issued reports on BRX shares. Wells Fargo & Company cut their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a research report 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 for the company in a research report on Tuesday, February 25th. UBS Group assumed coverage on shares of Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 price target on the stock. Scotiabank dropped 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 research note on Monday, May 12th. Finally, The Goldman Sachs Group dropped their price target on shares of Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BRX. V Square Quantitative Management LLC acquired a new position in Brixmor Property Group in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC grew its stake in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 521 shares during the last quarter. Headlands Technologies LLC acquired a new position in Brixmor Property Group in the 4th quarter valued at $26,000. Brooklyn Investment Group grew its stake in Brixmor Property Group by 146.4% in the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock valued at $43,000 after buying an additional 953 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Brixmor Property Group in the 1st quarter valued at $44,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Stock Up 0.8%

BRX stock traded up $0.20 during midday trading on Wednesday, reaching $25.99. The company had a trading volume of 4,350,280 shares, compared to its average volume of 2,254,561. Brixmor Property Group has a 1 year low of $22.22 and a 1 year high of $30.67. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $7.95 billion, a P/E ratio of 24.75, a PEG ratio of 2.70 and a beta of 1.25. The company has a 50 day moving average of $25.48 and a two-hundred day moving average of $26.29.

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

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 dividend on an annualized basis and a yield of 4.43%. Brixmor Property Group's payout ratio is presently 109.52%.

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.