Brixmor Property Group Inc. (NYSE:BRX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Brixmor Property Group Inc. (NYSE:BRX – Get Rating) has received an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $24.42.

Several brokerages have recently weighed in on BRX. Credit Suisse Group raised their price objective on Brixmor Property Group to $24.00 in a report on Friday, November 4th. Barclays raised their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 6th. Piper Sandler cut their price objective on shares of Brixmor Property Group from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, October 7th. Evercore ISI dropped their price target on shares of Brixmor Property Group from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Tuesday, September 27th. Finally, Wolfe Research upgraded shares of Brixmor Property Group from a “peer perform” rating to an “outperform” rating and set a $29.00 price target for the company in a research report on Thursday, December 15th.

Insiders Place Their Bets

In other news, Director Michael B. Berman sold 15,000 shares of the stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $22.96, for a total value of $344,400.00. Following the sale, the director now owns 45,146 shares of the company’s stock, valued at $1,036,552.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Brixmor Property Group

Institutional investors have recently made changes to their positions in the company. Dupont Capital Management Corp acquired a new position in shares of Brixmor Property Group during the 3rd quarter valued at about $505,000. State of Alaska Department of Revenue increased its stake in shares of Brixmor Property Group by 1.1% during the third quarter. State of Alaska Department of Revenue now owns 191,179 shares of the real estate investment trust’s stock worth $3,530,000 after buying an additional 2,088 shares during the period. Van ECK Associates Corp increased its stake in shares of Brixmor Property Group by 2.0% during the second quarter. Van ECK Associates Corp now owns 27,216 shares of the real estate investment trust’s stock worth $550,000 after buying an additional 534 shares during the period. Bank of Montreal Can boosted its holdings in Brixmor Property Group by 68.7% in the second quarter. Bank of Montreal Can now owns 63,942 shares of the real estate investment trust’s stock valued at $1,354,000 after purchasing an additional 26,035 shares in the last quarter. Finally, Great West Life Assurance Co. Can acquired a new stake in shares of Brixmor Property Group during the third quarter worth $8,577,000. 95.59% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

BRX stock opened at $22.73 on Wednesday. The stock has a 50-day moving average price of $22.59 and a two-hundred day moving average price of $21.68. The stock has a market cap of $6.82 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.55. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 1.81. Brixmor Property Group has a 1 year low of $17.62 and a 1 year high of $27.19.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Wednesday, January 4th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.58%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, January 3rd. Brixmor Property Group’s payout ratio is presently 96.30%.

Brixmor Property Group Company Profile

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Brixmor Property Group, Inc operates as a real estate investment trust. It owns and operates a wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.