Brixmor Property Group Inc. (NYSE:BRX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Brixmor Property Group Inc. (NYSE:BRX) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $28.13.

A number of brokerages have issued reports on BRX. Compass Point raised their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Evercore ISI lifted their price target on shares of Brixmor Property Group from $26.00 to $27.00 and gave the stock an “in-line” rating in a research report on Wednesday. StockNews.com cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Truist Financial lifted their price target on shares of Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, August 16th.

Insider Buying and Selling

In related news, insider Steven F. Siegel sold 10,000 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the insider now directly owns 360,004 shares of the company’s stock, valued at $8,640,096. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $25.45, for a total transaction of $127,250.00. Following the transaction, the director now owns 46,291 shares in the company, valued at $1,178,105.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the insider now owns 360,004 shares in the company, valued at approximately $8,640,096. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.

Institutional Trading of Brixmor Property Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning raised its holdings in shares of Brixmor Property Group by 2.8% in the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 396 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Brixmor Property Group by 19.1% in the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 431 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Brixmor Property Group by 5.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 481 shares during the last quarter. Truist Financial Corp increased its holdings in Brixmor Property Group by 0.8% during the second quarter. Truist Financial Corp now owns 84,381 shares of the real estate investment trust’s stock worth $1,948,000 after buying an additional 659 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its holdings in Brixmor Property Group by 50.7% during the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 775 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $27.50 on Thursday. Brixmor Property Group has a 52-week low of $19.46 and a 52-week high of $27.60. The stock has a market cap of $8.28 billion, a PE ratio of 29.56, a PEG ratio of 4.43 and a beta of 1.57. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.45 and a current ratio of 1.50. The firm’s 50 day moving average price is $24.53 and its two-hundred day moving average price is $23.09.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business had revenue of $315.69 million during the quarter, compared to the consensus estimate of $317.75 million. During the same period in the previous year, the business posted $0.52 earnings per share. Brixmor Property Group’s revenue was up 1.9% compared to the same quarter last year. As a group, analysts forecast that Brixmor Property Group will post 2.12 EPS for the current year.

Brixmor Property Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 3.96%. The ex-dividend date is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio is presently 117.20%.

About Brixmor Property Group

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.