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

Brixmor Property Group Inc. (NYSE:BRX) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $30.87.

Several research firms recently commented on BRX. Scotiabank boosted their target price on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Tuesday, February 11th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Stifel Nicolaus decreased their price target on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Finally, Mizuho increased their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its position in shares of Brixmor Property Group by 6.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust’s stock worth $216,930,000 after acquiring an additional 467,146 shares during the last quarter. Deutsche Bank AG grew its position in Brixmor Property Group by 31.3% during the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust’s stock worth $163,778,000 after purchasing an additional 1,404,034 shares during the last quarter. Invesco Ltd. increased its stake in Brixmor Property Group by 61.1% in the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock valued at $160,038,000 after purchasing an additional 2,180,541 shares during the period. Geode Capital Management LLC increased its stake in Brixmor Property Group by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock valued at $157,450,000 after purchasing an additional 38,911 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Brixmor Property Group by 7.8% during the fourth quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust’s stock worth $151,155,000 after buying an additional 393,317 shares during the period. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Stock Down 0.8 %

Shares of BRX opened at $27.34 on Thursday. The company’s 50-day simple moving average is $27.01 and its 200-day simple moving average is $27.52. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. Brixmor Property Group has a 1 year low of $20.80 and a 1 year high of $30.67. The stock has a market capitalization of $8.36 billion, a PE ratio of 24.63, a P/E/G ratio of 2.68 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. Analysts forecast that Brixmor Property Group will post 2.22 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s payout ratio is presently 103.60%.

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.