Brixmor Property Group (NYSE:BRX) Sets New 52-Week Low at $19.09

Shares of Brixmor Property Group Inc. (NYSE:BRXGet Rating) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $19.09 and last traded at $19.20, with a volume of 26269 shares changing hands. The stock had previously closed at $19.55.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BRX shares. Jefferies Financial Group cut shares of Brixmor Property Group from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $29.00 to $20.00 in a research note on Thursday, June 30th. Barclays reduced their price objective on shares of Brixmor Property Group from $32.00 to $29.00 and set an “overweight” rating on the stock in a research note on Friday, July 15th. Truist Financial reduced their price objective on shares of Brixmor Property Group from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, June 21st. Piper Sandler reduced their price target on shares of Brixmor Property Group to $26.00 in a research report on Monday, July 4th. Finally, Stifel Nicolaus reduced their price target on shares of Brixmor Property Group from $27.00 to $22.50 in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.97.

Brixmor Property Group Price Performance

The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.43 and a beta of 1.55. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.57 and a current ratio of 0.57. The company has a fifty day simple moving average of $22.19 and a two-hundred day simple moving average of $23.12.

Brixmor Property Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Tuesday, October 4th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 5.08%. Brixmor Property Group’s dividend payout ratio is currently 98.97%.

Institutional Investors Weigh In On Brixmor Property Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ronald Blue Trust Inc. bought a new stake in Brixmor Property Group during the 2nd quarter worth $26,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Brixmor Property Group in the first quarter valued at about $43,000. Prospera Financial Services Inc bought a new position in shares of Brixmor Property Group during the first quarter worth about $43,000. Covestor Ltd lifted its stake in shares of Brixmor Property Group by 170.2% in the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,159 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in Brixmor Property Group by 47,125.0% in the first quarter. Meeder Asset Management Inc. now owns 1,889 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,885 shares during the last quarter. Institutional investors own 97.35% of the company’s stock.

Brixmor Property Group Company Profile

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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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