Brixmor Property Group (NYSE:BRX) PT Lowered to $26.00 at Truist Financial

Brixmor Property Group (NYSE:BRXGet Rating) had its price target reduced by Truist Financial from $29.00 to $26.00 in a research note released on Tuesday, The Fly reports. They currently have a buy rating on the real estate investment trust’s stock.

A number of other equities research analysts have also weighed in on BRX. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Brixmor Property Group from $27.00 to $28.00 and gave the stock a hold rating in a report on Thursday, March 31st. Piper Sandler reduced their target price on shares of Brixmor Property Group to $28.00 in a report on Friday, May 20th. Wells Fargo & Company boosted their target price on shares of Brixmor Property Group from $24.00 to $26.00 and gave the stock an equal weight rating in a report on Thursday, April 7th. TheStreet lowered shares of Brixmor Property Group from a b- rating to a c+ rating in a research note on Monday, May 23rd. Finally, StockNews.com started coverage on shares of Brixmor Property Group in a research note on Thursday, March 31st. They issued a hold rating on the stock. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $26.57.

Shares of Brixmor Property Group stock opened at $20.36 on Tuesday. The firm has a market capitalization of $6.10 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 1.39 and a beta of 1.52. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.81. The firm’s 50 day moving average is $23.56 and its 200 day moving average is $24.56. Brixmor Property Group has a 1 year low of $19.42 and a 1 year high of $27.19.

Brixmor Property Group (NYSE:BRXGet Rating) last announced its quarterly earnings results on Monday, May 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. Brixmor Property Group had a net margin of 25.39% and a return on equity of 10.92%. During the same quarter last year, the firm posted $0.44 EPS. As a group, research analysts anticipate that Brixmor Property Group will post 1.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Tuesday, July 5th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, July 1st. This represents a $0.96 annualized dividend and a yield of 4.72%. Brixmor Property Group’s payout ratio is 97.96%.

In other news, insider Brian T. Finnegan sold 5,000 shares of the company’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $25.84, for a total value of $129,200.00. Following the completion of the sale, the insider now owns 150,682 shares in the company, valued at approximately $3,893,622.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James M. Taylor, Jr. sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $26.50, for a total transaction of $530,000.00. Following the completion of the sale, the chief executive officer now owns 506,661 shares of the company’s stock, valued at approximately $13,426,516.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,000 shares of company stock worth $1,304,900. Corporate insiders own 0.64% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP grew its position in Brixmor Property Group by 123.0% during the fourth quarter. Allworth Financial LP now owns 1,155 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 637 shares during the period. Prospera Financial Services Inc bought a new position in Brixmor Property Group during the first quarter valued at about $43,000. Brown Brothers Harriman & Co. bought a new position in Brixmor Property Group during the first quarter valued at about $43,000. Covestor Ltd grew its position in Brixmor Property Group by 170.2% during the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,159 shares during the period. Finally, Ellevest Inc. grew its position in Brixmor Property Group by 205.5% during the first quarter. Ellevest Inc. now owns 1,894 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,274 shares during the period. Institutional investors own 98.35% of the company’s stock.

Brixmor Property Group Company Profile (Get Rating)

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 395 retail centers comprise approximately 69 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.

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