Analysts Set Brixmor Property Group Inc. (NYSE:BRX) Target Price at $30.69

Brixmor Property Group Inc. (NYSE:BRX) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $30.87.

A number of equities research analysts have weighed in on the company. Jefferies Financial Group raised Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $28.00 to $33.00 in a report on Friday, February 14th. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus cut their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Wells Fargo & Company reduced their target price on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Finally, KeyCorp upped their price target on shares of Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th.

Brixmor Property Group Stock Performance

NYSE:BRX opened at $27.34 on Thursday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 2.68 and a beta of 1.58. The firm’s fifty day moving average price is $27.01 and its 200 day moving average price is $27.52. Brixmor Property Group has a 1-year low of $20.80 and a 1-year high of $30.67.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. On average, sell-side analysts expect that Brixmor Property Group will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in Brixmor Property Group in the 4th quarter valued at approximately $110,205,000. Northern Trust Corp raised its holdings in shares of Brixmor Property Group by 96.2% in the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust’s stock worth $135,590,000 after acquiring an additional 2,388,264 shares during the last quarter. Invesco Ltd. lifted its position in shares of 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 acquiring an additional 2,180,541 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Brixmor Property Group during the third quarter valued at $46,695,000. Finally, Deutsche Bank AG boosted its stake in shares of Brixmor Property Group by 31.3% during the fourth quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust’s stock valued at $163,778,000 after acquiring an additional 1,404,034 shares during the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

About Brixmor Property Group

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.