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

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) has received an average rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $30.30.

Several research analysts have weighed in on the company. UBS Group assumed coverage on Brixmor Property Group in a report on Friday, May 30th. They issued a "buy" rating and a $29.00 price target for the company. Scotiabank cut their price target on 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. Wells Fargo & Company cut their price target on Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, The Goldman Sachs Group cut their price target on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 1st.

Institutional Trading of Brixmor Property Group

A number of institutional investors have recently added to or reduced their stakes in the business. Securian Asset Management Inc. boosted its position in Brixmor Property Group by 1.8% during the 1st quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust's stock worth $617,000 after purchasing an additional 400 shares during the period. US Bancorp DE boosted its position in Brixmor Property Group by 5.3% during the 4th quarter. US Bancorp DE now owns 8,064 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 405 shares during the period. Smartleaf Asset Management LLC boosted its position in Brixmor Property Group by 53.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock worth $37,000 after purchasing an additional 498 shares during the period. Natixis Advisors LLC boosted its position in Brixmor Property Group by 0.4% during the 1st quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust's stock worth $3,550,000 after purchasing an additional 519 shares during the period. Finally, Ascent Group LLC boosted its position in Brixmor Property Group by 6.0% during the 4th quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock worth $255,000 after purchasing an additional 521 shares during the period. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Trading Up 0.9%

Shares of Brixmor Property Group stock opened at $25.84 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.75 and a quick ratio of 0.75. Brixmor Property Group has a 1 year low of $22.29 and a 1 year high of $30.67. The company has a market capitalization of $7.91 billion, a P/E ratio of 24.61, a P/E/G ratio of 2.68 and a beta of 1.23. The business has a 50 day moving average price of $25.61 and a 200 day moving average price of $26.02.

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 (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The firm had revenue of $337.51 million during the quarter, compared to the consensus estimate of $329.81 million. During the same period in the previous year, the firm posted $0.54 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.45%. Brixmor Property Group's dividend payout ratio (DPR) is 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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