Brixmor Property Group (NYSE:BRX) PT Lowered to $24.00 at Wells Fargo & Company

Brixmor Property Group (NYSE:BRXFree Report) had its price objective trimmed by Wells Fargo & Company from $25.00 to $24.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an equal weight rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on BRX. The Goldman Sachs Group dropped their price target on Brixmor Property Group from $28.00 to $27.00 and set a buy rating on the stock in a research note on Wednesday, March 27th. JPMorgan Chase & Co. decreased their price target on Brixmor Property Group from $27.00 to $26.00 and set an overweight rating for the company in a research note on Monday, May 13th. Truist Financial reiterated a buy rating and set a $25.00 price objective on shares of Brixmor Property Group in a report on Monday, March 25th. Mizuho lowered their target price on Brixmor Property Group from $24.00 to $23.00 and set a neutral rating for the company in a report on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Brixmor Property Group in a research report on Tuesday, January 30th. They set a buy rating and a $27.00 target price on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $25.13.

Check Out Our Latest Stock Analysis on Brixmor Property Group

Brixmor Property Group Stock Up 1.4 %

BRX stock opened at $21.75 on Tuesday. Brixmor Property Group has a 1-year low of $19.46 and a 1-year high of $24.47. The business has a fifty day moving average price of $22.10 and a 200-day moving average price of $22.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market capitalization of $6.55 billion, a P/E ratio of 23.39, a P/E/G ratio of 2.62 and a beta of 1.53.

Brixmor Property Group (NYSE:BRXGet Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). The company had revenue of $320.24 million during the quarter, compared to the consensus estimate of $314.82 million. Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Equities analysts forecast that Brixmor Property Group will post 2.1 earnings per share for the current fiscal year.

Brixmor Property Group Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 5.01%. The ex-dividend date is Monday, July 1st. Brixmor Property Group’s payout ratio is currently 117.21%.

Insider Transactions at Brixmor Property Group

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BRX. Quarry LP acquired a new stake in Brixmor Property Group during the 4th quarter worth $40,000. GAMMA Investing LLC purchased a new stake in Brixmor Property Group during the 4th quarter valued at about $45,000. Larson Financial Group LLC acquired a new stake in shares of Brixmor Property Group in the first quarter valued at approximately $47,000. Mather Group LLC. purchased a new position in shares of Brixmor Property Group during the 1st quarter worth $165,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Brixmor Property Group in the 4th quarter valued at approximately $172,000. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Company Profile

(Get Free Report)

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.

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