Brixmor Property Group (NYSE:BRX) Rating Increased to Outperform at Mizuho

Mizuho upgraded shares of Brixmor Property Group (NYSE:BRX - Free Report) from a neutral rating to an outperform rating in a research note released on Thursday, MarketBeat.com reports. The brokerage currently has $29.00 price objective on the real estate investment trust's stock.

Several other brokerages also recently commented on BRX. Wells Fargo & Company cut their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. UBS Group initiated coverage on Brixmor Property Group in a research report on Friday, May 30th. They set a "buy" rating and a $29.00 price objective on the stock. Scotiabank decreased their price target 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. Finally, The Goldman Sachs Group reduced their target price on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Brixmor Property Group currently has an average rating of "Moderate Buy" and a consensus price target of $30.30.

Brixmor Property Group Stock Performance

BRX traded down $0.21 during trading on Thursday, hitting $25.53. 2,290,273 shares of the company traded hands, compared to its average volume of 2,305,588. The stock's fifty day moving average is $25.65 and its 200 day moving average is $25.93. Brixmor Property Group has a one year low of $22.29 and a one year high of $30.67. The firm has a market cap of $7.81 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 2.65 and a beta of 1.23. 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 (NYSE:BRX - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.56 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 the consensus estimate of $329.81 million. Brixmor Property Group had a return on equity of 10.97% and a net margin of 24.58%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. As a group, equities analysts predict that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 2nd were issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend was Wednesday, July 2nd. Brixmor Property Group's dividend payout ratio (DPR) is presently 109.52%.

Institutional Investors Weigh In On Brixmor Property Group

Several hedge funds have recently added to or reduced their stakes in BRX. Securian Asset Management Inc. increased its holdings in Brixmor Property Group by 1.8% in the 1st quarter. Securian Asset Management Inc. now owns 23,235 shares of the real estate investment trust's stock worth $617,000 after acquiring an additional 400 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Brixmor Property Group by 4.7% during the 2nd quarter. Janney Montgomery Scott LLC now owns 10,073 shares of the real estate investment trust's stock valued at $262,000 after acquiring an additional 451 shares during the last quarter. US Bancorp DE grew its stake in shares of Brixmor Property Group by 6.0% in the 1st quarter. US Bancorp DE now owns 8,548 shares of the real estate investment trust's stock valued at $227,000 after buying an additional 484 shares during the period. Smartleaf Asset Management LLC increased its stake in Brixmor Property Group by 53.1% during the first quarter. Smartleaf Asset Management LLC now owns 1,436 shares of the real estate investment trust's stock worth $37,000 after acquiring an additional 498 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in Brixmor Property Group by 0.4% in the first quarter. Natixis Advisors LLC now owns 133,711 shares of the real estate investment trust's stock valued at $3,550,000 after buying an additional 519 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

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.