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

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $30.48.

Several equities research analysts have issued reports on BRX shares. Evercore ISI raised shares of Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Tuesday, February 11th. Scotiabank lowered their price target on shares of Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating on the stock in a report on Friday, February 28th. Wells Fargo & Company lowered their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Mizuho lowered their target price 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. Finally, Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their target price for the stock from $28.00 to $33.00 in a report on Friday, February 14th.

Brixmor Property Group Trading Up 0.9 %

Shares of BRX stock opened at $26.02 on Tuesday. Brixmor Property Group has a 1 year low of $21.32 and a 1 year high of $30.67. The firm's fifty day simple moving average is $25.89 and its 200 day simple moving average is $27.15. The firm has a market capitalization of $7.96 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 2.66 and a beta of 1.30. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. As a group, sell-side analysts predict that Brixmor Property Group will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd were given a $0.2875 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.42%. This is a boost from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's dividend payout ratio is currently 103.60%.

Institutional Trading of Brixmor Property Group

A number of large investors have recently made changes to their positions in BRX. V Square Quantitative Management LLC bought a new stake in shares of Brixmor Property Group in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC increased its position in shares of 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 in the last quarter. Headlands Technologies LLC acquired a new position in Brixmor Property Group in the 4th quarter worth $26,000. UMB Bank n.a. boosted its stake in Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 693 shares during the period. Finally, Quarry LP boosted its stake in 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 period. Institutional investors own 98.43% of the company's stock.

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.

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