Brixmor Property Group Inc. (NYSE:BRX) Receives $30.30 Average Price Target from Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to 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 analysts have issued reports on the company. Scotiabank cut their target price on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. The Goldman Sachs Group dropped their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company dropped their price objective on 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. Finally, UBS Group initiated coverage on Brixmor Property Group in a research note on Friday, May 30th. They set a "buy" rating and a $29.00 price objective for the company.

Brixmor Property Group Price Performance

Shares of BRX stock traded up $0.26 during trading on Friday, hitting $25.53. The company had a trading volume of 2,643,869 shares, compared to its average volume of 2,291,001. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 2.69 and a beta of 1.23. The stock's 50-day moving average is $25.63 and its two-hundred day moving average is $25.99. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.73. Brixmor Property Group has a 52 week low of $22.29 and a 52 week high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its earnings results 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. The business had revenue of $337.51 million during the quarter, compared to analyst estimates of $329.81 million. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. Brixmor Property Group's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, analysts predict that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd were given a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend was Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio is currently 109.52%.

Hedge Funds Weigh In On Brixmor Property Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter worth about $26,000. Smartleaf Asset Management LLC raised its position in shares of Brixmor Property Group by 53.1% in 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 last quarter. Brooklyn Investment Group raised its position in shares of 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 worth $43,000 after purchasing an additional 953 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Brixmor Property Group in the 1st quarter worth about $44,000. Finally, Quarry LP raised its position in shares of Brixmor Property Group by 39.0% in the 4th quarter. Quarry LP now owns 1,901 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 533 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company's stock.

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.