UBS Group Begins Coverage on Brixmor Property Group (NYSE:BRX)

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

A number of other analysts have also issued reports on BRX. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Tuesday, February 11th. Jefferies Financial Group raised Brixmor Property Group from a "hold" rating to a "buy" rating and lifted their price target for the stock from $28.00 to $33.00 in a research note on Friday, February 14th. Scotiabank reduced their price objective on Brixmor Property Group from $30.00 to $29.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. The Goldman Sachs Group reduced their price objective on Brixmor Property Group from $33.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Stifel Nicolaus reduced their price objective on Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating on the stock in a research report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.30.

Brixmor Property Group Price Performance

BRX traded down $0.19 during trading on Friday, hitting $25.42. The company's stock had a trading volume of 2,572,349 shares, compared to its average volume of 2,235,675. 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 has a twelve month low of $22.02 and a twelve month high of $30.67. The business's fifty day simple moving average is $25.31 and its 200 day simple moving average is $26.72. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 2.66 and a beta of 1.25.

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

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 2nd will be given a $0.2875 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $1.15 dividend on an annualized basis and a yield of 4.52%. Brixmor Property Group's dividend payout ratio is currently 109.52%.

Institutional Investors Weigh In On Brixmor Property Group

Several institutional investors and hedge funds have recently modified their holdings of BRX. Janney Montgomery Scott LLC raised its holdings in shares of Brixmor Property Group by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust's stock valued at $244,000 after buying an additional 441 shares during the period. Blue Trust Inc. raised its holdings in shares of Brixmor Property Group by 29.5% in the 4th quarter. Blue Trust Inc. now owns 3,683 shares of the real estate investment trust's stock valued at $103,000 after buying an additional 839 shares during the period. KBC Group NV raised its holdings in shares of Brixmor Property Group by 51.7% in the 4th quarter. KBC Group NV now owns 10,859 shares of the real estate investment trust's stock valued at $302,000 after buying an additional 3,702 shares during the period. abrdn plc raised its holdings in shares of Brixmor Property Group by 18.7% in the 4th quarter. abrdn plc now owns 1,106,447 shares of the real estate investment trust's stock valued at $30,698,000 after buying an additional 174,155 shares during the period. Finally, Longboard Asset Management LP purchased a new stake in shares of Brixmor Property Group in the 4th quarter valued at $222,000. 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.