Brixmor Property Group (NYSE:BRX) Now Covered by Analysts at UBS Group

UBS Group initiated coverage on shares of Brixmor Property Group (NYSE:BRX - Free Report) in a research report report published on Friday, MarketBeat reports. The firm issued a buy rating and a $29.00 target price on the real estate investment trust's stock.

Several other brokerages have also commented on BRX. Stifel Nicolaus dropped their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group raised shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their target price for the company from $28.00 to $33.00 in a report on Friday, February 14th. Mizuho reduced their price objective on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, February 25th. 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. Finally, The Goldman Sachs Group dropped their price objective on shares of 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. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.30.

Brixmor Property Group Stock Up 0.6%

Brixmor Property Group stock traded up $0.15 during mid-day trading on Friday, reaching $25.34. 483,889 shares of the company's stock were exchanged, compared to its average volume of 2,232,146. Brixmor Property Group has a twelve month low of $22.02 and a twelve month high of $30.67. The company has a fifty day moving average of $25.28 and a 200-day moving average of $26.68. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a market cap of $7.76 billion, a P/E ratio of 22.83, a P/E/G ratio of 2.66 and a beta of 1.25.

Brixmor Property Group (NYSE:BRX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.01. The business had revenue of $337.51 million for the quarter, compared to analyst estimates of $329.81 million. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The company's revenue was up 5.4% on a year-over-year basis. During the same period last year, the business earned $0.54 EPS. Sell-side analysts expect that Brixmor Property Group will post 2.22 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brixmor Property Group's payout ratio is currently 109.52%.

Institutional Trading of Brixmor Property Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new stake in shares of Brixmor Property Group during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC boosted its holdings in shares of Brixmor Property Group by 124.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 521 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Brixmor Property Group in the fourth quarter valued at $26,000. Brooklyn Investment Group grew its position in shares of Brixmor Property Group by 146.4% in the first quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust's stock valued at $43,000 after purchasing an additional 953 shares during the period. Finally, SVB Wealth LLC acquired a new position in Brixmor Property Group in the first quarter valued at $44,000. Hedge funds and other 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.