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

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $28.38.

A number of research firms have weighed in on BRX. StockNews.com downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their price objective on Brixmor Property Group from $26.00 to $28.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Mizuho raised their price objective on Brixmor Property Group from $23.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Compass Point raised their price objective on Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. Finally, Truist Financial raised their price objective on Brixmor Property Group from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, August 16th.

Insider Buying and Selling

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total transaction of $127,250.00. Following the transaction, the director now owns 46,291 shares in the company, valued at $1,178,105.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.76% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Brixmor Property Group

A number of hedge funds have recently added to or reduced their stakes in BRX. UMB Bank n.a. increased its stake in Brixmor Property Group by 328.6% during the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 723 shares during the period. Blue Trust Inc. increased its stake in shares of Brixmor Property Group by 258.9% in the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,007 shares during the last quarter. Quarry LP bought a new position in shares of Brixmor Property Group in the 4th quarter valued at $40,000. Larson Financial Group LLC bought a new position in shares of Brixmor Property Group in the 1st quarter valued at $47,000. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 775 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 2.1 %

BRX stock opened at $27.74 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. The business has a 50 day moving average price of $27.01 and a two-hundred day moving average price of $24.20. The company has a market cap of $8.36 billion, a price-to-earnings ratio of 29.83, a P/E/G ratio of 4.43 and a beta of 1.57. Brixmor Property Group has a twelve month low of $19.55 and a twelve month high of $28.45.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The company had revenue of $315.69 million during the quarter, compared to the consensus estimate of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 earnings per share. Analysts anticipate that Brixmor Property Group will post 2.13 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd were issued a dividend of $0.2725 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $1.09 annualized dividend and a yield of 3.93%. Brixmor Property Group’s payout ratio is currently 117.20%.

Brixmor Property Group Company Profile

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.