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

Key Points

• Brixmor Property Group Inc. has received a **consensus rating of "Moderate Buy"** from analysts, with two holds and ten buy recommendations.
• The company recently declared a **quarterly dividend** of $0.2875, offering a yield of **4.3%**; the dividend payout ratio stands at **104.55%**.
• Brixmor reported a **7.5% year-over-year revenue increase**, with earnings per share of $0.56, surpassing estimates of $0.55, in its latest quarterly earnings.

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $30.0833.

A number of equities research analysts have commented on BRX shares. Stifel Nicolaus dropped their price objective on shares of Brixmor Property Group from $29.50 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday, July 29th. Scotiabank dropped their target price on 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 cut their price target on 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. UBS Group began coverage on Brixmor Property Group in a report on Friday, May 30th. They set a "buy" rating and a $29.00 price target for the company. Finally, Mizuho upgraded Brixmor Property Group from a "neutral" rating to an "outperform" rating and set a $29.00 price objective on the stock in a report on Thursday, July 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC boosted its stake in shares of Brixmor Property Group by 83.8% during the fourth quarter. LPL Financial LLC now owns 73,673 shares of the real estate investment trust's stock worth $2,051,000 after buying an additional 33,580 shares during the period. Headlands Technologies LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at approximately $26,000. Resona Asset Management Co. Ltd. purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at approximately $3,320,000. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Brixmor Property Group in the fourth quarter valued at approximately $383,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Brixmor Property Group by 17.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 396,408 shares of the real estate investment trust's stock worth $11,036,000 after purchasing an additional 58,275 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Trading Up 0.5%

BRX opened at $26.52 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 2.73 and a beta of 1.29. The business has a fifty day moving average price of $25.77 and a 200 day moving average price of $25.90. Brixmor Property Group has a 12 month low of $22.28 and a 12 month high of $30.67.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $339.40 million during the quarter, compared to the consensus estimate of $332.59 million. Brixmor Property Group had a return on equity of 11.39% and a net margin of 25.27%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. Sell-side analysts expect that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Thursday, October 2nd will be given a $0.2875 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.15 annualized dividend and a yield of 4.3%. Brixmor Property Group's dividend payout ratio is 104.55%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.