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

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $25.38.

Several analysts have issued reports on BRX shares. Mizuho restated a “neutral” rating and issued a $24.00 target price (up from $23.00) on shares of Brixmor Property Group in a report on Friday, February 23rd. The Goldman Sachs Group dropped their target price on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Deutsche Bank Aktiengesellschaft initiated coverage on Brixmor Property Group in a report on Tuesday, January 30th. They issued a “buy” rating and a $27.00 target price for the company. Stifel Nicolaus increased their price target on Brixmor Property Group from $22.75 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, February 13th. Finally, Truist Financial reiterated a “buy” rating and set a $25.00 price target on shares of Brixmor Property Group in a report on Monday, March 25th.

Insider Buying and Selling

In related news, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $23.00, for a total transaction of $172,500.00. Following the transaction, the insider now owns 225,051 shares of the company’s stock, valued at approximately $5,176,173. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Brixmor Property Group news, insider Brian T. Finnegan sold 7,500 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the sale, the insider now owns 225,051 shares of the company’s stock, valued at approximately $5,176,173. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael B. Berman sold 10,475 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total value of $239,039.50. Following the completion of the sale, the director now directly owns 40,556 shares in the company, valued at approximately $925,487.92. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Brixmor Property Group

Hedge funds have recently bought and sold shares of the stock. Jump Financial LLC acquired a new stake in Brixmor Property Group in the 3rd quarter valued at about $1,630,000. Chilton Capital Management LLC acquired a new stake in shares of Brixmor Property Group during the 4th quarter worth about $7,510,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Brixmor Property Group by 28.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 185,880 shares of the real estate investment trust’s stock worth $4,325,000 after acquiring an additional 40,675 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Brixmor Property Group by 3.9% during the 4th quarter. New York State Teachers Retirement System now owns 342,436 shares of the real estate investment trust’s stock worth $7,968,000 after acquiring an additional 12,777 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Brixmor Property Group by 1,073.3% during the 3rd quarter. Deutsche Bank AG now owns 3,019,909 shares of the real estate investment trust’s stock worth $62,754,000 after acquiring an additional 2,762,529 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Up 0.0 %

Shares of BRX opened at $21.77 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.58 and a current ratio of 0.58. Brixmor Property Group has a one year low of $19.40 and a one year high of $24.47. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.63 and a beta of 1.53. The stock has a 50 day moving average price of $22.41 and a 200 day moving average price of $22.17.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.27). The company had revenue of $316.49 million during the quarter, compared to analysts’ expectations of $311.77 million. Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 earnings per share. Equities research analysts forecast that Brixmor Property Group will post 2.08 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.273 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, April 1st. This represents a $1.09 annualized dividend and a yield of 5.02%. Brixmor Property Group’s dividend payout ratio is presently 107.92%.

About Brixmor Property Group

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.