Brixmor Property Group (NYSE:BRX) Price Target Cut to $30.00 by Analysts at Scotiabank

Brixmor Property Group (NYSE:BRX) had its price target lowered by Scotiabank from $32.00 to $30.00 in a report published on Friday,Benzinga reports. The firm currently has a sector outperform rating on the real estate investment trust’s stock.

BRX has been the subject of a number of other reports. Wells Fargo & Company decreased their price objective on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Mizuho decreased their price objective on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday. Jefferies Financial Group upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. KeyCorp increased their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Finally, Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.56.

Brixmor Property Group Stock Up 1.2 %

Shares of BRX opened at $27.94 on Friday. Brixmor Property Group has a 52 week low of $20.80 and a 52 week high of $30.67. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.66 and a beta of 1.58. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a fifty 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 data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. As a group, sell-side analysts anticipate that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.12%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 103.60%.

Institutional Trading of Brixmor Property Group

Several large investors have recently made changes to their positions in BRX. Norges Bank acquired a new stake in shares of Brixmor Property Group in the 4th quarter valued at about $110,205,000. Northern Trust Corp grew its stake in shares of Brixmor Property Group by 96.2% in the 4th quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust’s stock valued at $135,590,000 after buying an additional 2,388,264 shares during the period. Invesco Ltd. grew its stake in shares of Brixmor Property Group by 61.1% in the 4th quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock valued at $160,038,000 after buying an additional 2,180,541 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Brixmor Property Group in the 3rd quarter valued at about $46,695,000. Finally, Deutsche Bank AG grew its stake in shares of Brixmor Property Group by 31.3% in the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust’s stock valued at $163,778,000 after buying an additional 1,404,034 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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.