Brixmor Property Group Inc. (NYSE:BRX) Receives $25.38 Consensus Price Target from Brokerages

Brixmor Property Group Inc. (NYSE:BRX) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $25.38.

A number of research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Brixmor Property Group from $22.75 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brixmor Property Group in a research note on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price target for the company. The Goldman Sachs Group decreased their price target on shares of Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, March 27th. Truist Financial reissued a “buy” rating and set a $25.00 price objective on shares of Brixmor Property Group in a report on Monday, March 25th. Finally, Mizuho reissued a “neutral” rating and set a $24.00 price objective (up previously from $23.00) on shares of Brixmor Property Group in a report on Friday, February 23rd.

Brixmor Property Group Trading Up 0.8 %

NYSE BRX opened at $21.47 on Friday. The firm has a 50 day simple moving average of $22.46 and a 200-day simple moving average of $22.14. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58. Brixmor Property Group has a one year low of $19.40 and a one year high of $24.47. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.59 and a beta of 1.53.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.27). Brixmor Property Group had a return on equity of 10.63% and a net margin of 24.50%. The firm had revenue of $316.49 million during the quarter, compared to analysts’ expectations of $311.77 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Brixmor Property Group will post 2.08 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were issued a $0.273 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 5.09%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, April 1st. Brixmor Property Group’s payout ratio is presently 107.92%.

Insider Activity

In other news, Director Michael B. Berman sold 10,475 shares of Brixmor Property Group stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total value of $239,039.50. Following the transaction, the director now directly owns 40,556 shares of the company’s stock, valued at approximately $925,487.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Michael B. Berman sold 10,475 shares of Brixmor Property Group stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total value of $239,039.50. Following the transaction, the director now directly owns 40,556 shares of the company’s stock, valued at approximately $925,487.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian T. Finnegan sold 7,500 shares of Brixmor Property Group stock in a transaction on Friday, March 8th. The shares were sold at an average price of $23.00, for a total transaction of $172,500.00. Following the completion of the transaction, the insider now directly owns 225,051 shares in the company, valued at $5,176,173. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Brixmor Property Group

Several institutional investors have recently bought and sold shares of the company. Norden Group LLC acquired a new position in Brixmor Property Group in the 1st quarter valued at $640,000. State of Alaska Department of Revenue increased its stake in Brixmor Property Group by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 175,386 shares of the real estate investment trust’s stock valued at $4,111,000 after buying an additional 1,063 shares during the period. State of Michigan Retirement System increased its stake in Brixmor Property Group by 2.4% in the 1st quarter. State of Michigan Retirement System now owns 73,807 shares of the real estate investment trust’s stock valued at $1,731,000 after buying an additional 1,700 shares during the period. tru Independence LLC increased its stake in Brixmor Property Group by 1.3% in the 1st quarter. tru Independence LLC now owns 124,760 shares of the real estate investment trust’s stock valued at $2,926,000 after buying an additional 1,650 shares during the period. Finally, Oliver Luxxe Assets LLC increased its stake in Brixmor Property Group by 39.5% in the 1st quarter. Oliver Luxxe Assets LLC now owns 51,023 shares of the real estate investment trust’s stock valued at $1,196,000 after buying an additional 14,458 shares during the period. 98.43% of the stock is owned by institutional investors and hedge funds.

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.