Brixmor Property Group (NYSE:BRX) Given New $31.00 Price Target at Truist Financial

Brixmor Property Group (NYSE:BRX) had its target price raised by Truist Financial from $28.00 to $31.00 in a report released on Friday,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

A number of other analysts have also weighed in on BRX. The Goldman Sachs Group upped their price target on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. 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 note on Wednesday, July 31st. KeyCorp raised their price target on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. StockNews.com downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Wells Fargo & Company increased their price target on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.13.

Brixmor Property Group Trading Up 1.5 %

Shares of BRX opened at $29.26 on Friday. Brixmor Property Group has a fifty-two week low of $20.80 and a fifty-two week high of $29.28. The stock has a fifty day moving average of $27.83 and a two-hundred day moving average of $25.29. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The company has a market capitalization of $8.84 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 3.93 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). The firm had revenue of $320.68 million during the quarter, compared to analysts’ expectations of $320.22 million. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 earnings per share. As a group, analysts forecast that Brixmor Property Group will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Friday, January 3rd. Brixmor Property Group’s payout ratio is presently 106.48%.

Institutional Trading of Brixmor Property Group

Large investors have recently made changes to their positions in the company. PGGM Investments grew its stake in shares of Brixmor Property Group by 167.2% in the second quarter. PGGM Investments now owns 3,761,248 shares of the real estate investment trust’s stock valued at $86,847,000 after buying an additional 2,353,582 shares in the last quarter. 1832 Asset Management L.P. bought a new position in shares of Brixmor Property Group in the 1st quarter valued at $16,964,000. Boston Partners boosted its stake in shares of Brixmor Property Group by 1,140.5% in the 1st quarter. Boston Partners now owns 545,367 shares of the real estate investment trust’s stock valued at $12,774,000 after purchasing an additional 501,403 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Brixmor Property Group during the first quarter worth $124,978,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Brixmor Property Group during the second quarter valued at about $494,000. Institutional investors own 98.43% of the company’s stock.

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.