Stifel Nicolaus Cuts Brixmor Property Group (NYSE:BRX) Price Target to $31.25

Brixmor Property Group (NYSE:BRX) had its target price cut by Stifel Nicolaus from $31.75 to $31.25 in a report published on Tuesday,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

A number of other research analysts have also recently commented on the company. Truist Financial boosted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective on the stock in a research note on Tuesday. KeyCorp boosted their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Finally, Mizuho boosted their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and an average target price of $30.69.

Brixmor Property Group Price Performance

BRX stock opened at $28.12 on Tuesday. The stock has a 50-day moving average price of $27.16 and a two-hundred day moving average price of $27.45. Brixmor Property Group has a 12-month low of $20.80 and a 12-month high of $30.67. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. The company has a market cap of $8.49 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 2.54 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. As a group, research analysts predict that Brixmor Property Group will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.09%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is presently 106.48%.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now owns 315,004 shares in the company, valued at $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.76% of the stock is currently owned by insiders.

Institutional Trading of Brixmor Property Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning grew its holdings in shares of Brixmor Property Group by 2.8% during the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 396 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Brixmor Property Group by 328.6% during the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 723 shares during the last quarter. Hummer Financial Advisory Services Inc bought a new position in shares of Brixmor Property Group during the third quarter valued at approximately $240,000. Harbour Capital Advisors LLC bought a new position in shares of Brixmor Property Group during the third quarter valued at approximately $696,000. Finally, Vert Asset Management LLC grew its holdings in shares of Brixmor Property Group by 2.8% during the third quarter. Vert Asset Management LLC now owns 119,534 shares of the real estate investment trust’s stock valued at $3,330,000 after purchasing an additional 3,250 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.