Brixmor Property Group Inc. (NYSE:BRX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX) have earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $30.19.

A number of equities analysts have recently weighed in on the company. Scotiabank upped their target price on Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Compass Point increased their target price on shares of Brixmor Property Group from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Evercore ISI lowered their price target on shares of Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating on the stock in a report on Tuesday, December 24th. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Finally, Mizuho boosted their target price on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th.

Insider Activity at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.76% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. grew its stake in shares of Brixmor Property Group by 328.6% in the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 723 shares during the last quarter. Quarry LP increased its holdings in shares of Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 364 shares during the period. Maryland Capital Advisors Inc. bought a new position in shares of Brixmor Property Group during the 3rd quarter worth about $46,000. Fifth Third Bancorp raised its position in shares of Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 431 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Brixmor Property Group by 103.7% in the third quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 1,448 shares during the period. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Stock Down 0.6 %

Shares of NYSE:BRX opened at $27.57 on Wednesday. The firm has a 50 day simple moving average of $28.67 and a 200 day simple moving average of $26.66. Brixmor Property Group has a 52 week low of $20.80 and a 52 week high of $30.67. 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 cap of $8.33 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 3.96 and a beta of 1.58.

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

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a dividend of $0.287 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Friday, January 3rd. Brixmor Property Group’s dividend payout ratio is currently 106.48%.

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.