Brixmor Property Group (NYSE:BRX) Price Target Lowered to $29.00 at Mizuho

Brixmor Property Group (NYSE:BRX) had its price target decreased by Mizuho from $31.00 to $29.00 in a research note published on Tuesday morning,Benzinga reports. Mizuho currently has a neutral rating on the real estate investment trust’s stock.

Several other research firms also recently issued reports on BRX. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a research report on Tuesday, February 11th. Wells Fargo & Company dropped their price objective 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. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $28.00 to $33.00 in a research note on Friday, February 14th. KeyCorp lifted their target price on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $30.71.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $27.52 on Tuesday. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 24.79, a price-to-earnings-growth ratio of 2.66 and a beta of 1.58. Brixmor Property Group has a 52 week low of $20.80 and a 52 week high of $30.67. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The firm has a 50 day moving average of $26.90 and a 200-day moving average of $27.60.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. On average, equities analysts forecast that Brixmor Property Group will post 2.22 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.18%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

Institutional Investors Weigh In On Brixmor Property Group

Several large investors have recently added to or reduced their stakes in BRX. Creative Planning increased its holdings in Brixmor Property Group by 6.0% in the 3rd quarter. Creative Planning now owns 15,491 shares of the real estate investment trust’s stock worth $432,000 after acquiring an additional 876 shares during the last quarter. Blue Trust Inc. grew its holdings in Brixmor Property Group by 103.7% during the 3rd quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 1,448 shares in the last quarter. Raymond James & Associates grew its holdings in Brixmor Property Group by 633.0% during the 3rd quarter. Raymond James & Associates now owns 97,728 shares of the real estate investment trust’s stock valued at $2,723,000 after buying an additional 84,395 shares in the last quarter. Ballentine Partners LLC grew its holdings in Brixmor Property Group by 13.5% during the 3rd quarter. Ballentine Partners LLC now owns 11,013 shares of the real estate investment trust’s stock valued at $307,000 after buying an additional 1,311 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in Brixmor Property Group by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,695 shares of the real estate investment trust’s stock valued at $320,000 after buying an additional 3,017 shares in the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

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.