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

Brixmor Property Group Inc. (NYSE:BRX – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and seven 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 $24.42.

BRX has been the topic of several recent analyst reports. Barclays increased their price target on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, December 6th. Wolfe Research upgraded Brixmor Property Group from a “peer perform” rating to an “outperform” rating and set a $29.00 price target on the stock in a report on Thursday, December 15th. Finally, StockNews.com initiated coverage on Brixmor Property Group in a report on Thursday. They issued a “hold” rating on the stock.

Brixmor Property Group Price Performance

NYSE:BRX opened at $21.08 on Thursday. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.70 and a beta of 1.60. Brixmor Property Group has a 1 year low of $17.62 and a 1 year high of $27.19. The business has a 50 day simple moving average of $22.68 and a 200-day simple moving average of $21.79. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.57 and a quick ratio of 0.57.

Brixmor Property Group (NYSE:BRX – Get Rating) last posted its quarterly earnings data on Tuesday, February 14th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.14). The company had revenue of $308.57 million during the quarter, compared to the consensus estimate of $310.70 million. Brixmor Property Group had a net margin of 29.08% and a return on equity of 12.57%. Brixmor Property Group’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. Equities analysts forecast that Brixmor Property Group will post 2 EPS for the current year.

Brixmor Property Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Tuesday, April 4th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, April 3rd. This represents a $1.04 annualized dividend and a yield of 4.93%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 89.66%.

Institutional Trading of Brixmor Property Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in shares of Brixmor Property Group by 99.4% in the 1st quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust’s stock worth $519,296,000 after purchasing an additional 10,028,534 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Brixmor Property Group by 177.5% in the 4th quarter. Franklin Resources Inc. now owns 10,665,251 shares of the real estate investment trust’s stock worth $241,781,000 after purchasing an additional 6,822,358 shares in the last quarter. Norges Bank acquired a new stake in shares of Brixmor Property Group in the 4th quarter worth $67,125,000. Waterfront Capital Partners LLC acquired a new stake in shares of Brixmor Property Group in the 2nd quarter worth $40,537,000. Finally, State Street Corp boosted its position in shares of Brixmor Property Group by 13.6% in the 1st quarter. State Street Corp now owns 16,686,118 shares of the real estate investment trust’s stock worth $430,669,000 after purchasing an additional 2,001,159 shares in the last quarter. Institutional investors own 95.59% of the company’s stock.

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.