Brixmor Property Group Inc. (NYSE:BRX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Brixmor Property Group Inc. (NYSE:BRX) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $30.56.

BRX has been the topic of several recent analyst reports. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Tuesday, February 11th. Mizuho cut their price objective on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, February 25th. Scotiabank cut their price objective on 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. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Finally, Wells Fargo & Company cut their target price on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th.

Brixmor Property Group Price Performance

Brixmor Property Group stock opened at $25.50 on Monday. The firm has a market capitalization of $7.80 billion, a P/E ratio of 22.97, a PEG ratio of 2.66 and a beta of 1.59. Brixmor Property Group has a 1 year low of $20.80 and a 1 year high of $30.67. The business has a 50-day moving average of $26.68 and a 200-day moving average of $27.64. 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) last released its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. On average, equities analysts anticipate that Brixmor Property Group will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a dividend yield of 4.51%. Brixmor Property Group’s payout ratio is 103.60%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BRX. Farther Finance Advisors LLC increased its holdings in shares of Brixmor Property Group by 38.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,572 shares of the real estate investment trust’s stock worth $155,000 after acquiring an additional 1,557 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Brixmor Property Group by 12.2% during the 3rd quarter. Van ECK Associates Corp now owns 135,479 shares of the real estate investment trust’s stock worth $3,784,000 after acquiring an additional 14,715 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Brixmor Property Group by 22.9% during the 3rd quarter. QRG Capital Management Inc. now owns 13,763 shares of the real estate investment trust’s stock worth $383,000 after acquiring an additional 2,567 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Brixmor Property Group by 5.4% during the 3rd quarter. Assetmark Inc. now owns 28,312 shares of the real estate investment trust’s stock worth $789,000 after acquiring an additional 1,456 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Brixmor Property Group by 6.7% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 310,899 shares of the real estate investment trust’s stock worth $8,662,000 after acquiring an additional 19,413 shares during the last quarter. 98.43% of the stock is owned by institutional investors and hedge funds.

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.