Brokerages Set Brixmor Property Group Inc. (NYSE:BRX) PT at $30.19

Shares of Brixmor Property Group Inc. (NYSE:BRX) have earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $30.19.

Several equities analysts recently issued reports on BRX shares. Stifel Nicolaus boosted their price target on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research note on Tuesday, October 29th. Mizuho boosted their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. 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 research note on Monday, November 25th. Truist Financial lifted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, KeyCorp increased their price objective on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th.

Brixmor Property Group Stock Performance

BRX opened at $26.46 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The stock’s 50 day moving average price is $28.09 and its two-hundred day moving average price is $27.23. The firm has a market capitalization of $7.99 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 3.58 and a beta of 1.59. Brixmor Property Group has a 12-month low of $20.80 and a 12-month high of $30.67.

Brixmor Property Group (NYSE:BRX) last released 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). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The company had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. Brixmor Property Group’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts forecast that Brixmor Property Group will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were issued a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.34%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 106.48%.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the transaction, the insider now directly owns 315,004 shares of the company’s stock, valued at $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Brixmor Property Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP grew its stake in shares of Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares during the last quarter. Creative Planning boosted its position in Brixmor Property Group by 2.8% in the 2nd quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock valued at $337,000 after buying an additional 396 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Brixmor Property Group by 5.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 8,761 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 441 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of Brixmor Property Group by 1.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock worth $895,000 after acquiring an additional 532 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Brixmor Property Group by 14.3% during the fourth quarter. GAMMA Investing LLC now owns 5,052 shares of the real estate investment trust’s stock valued at $141,000 after acquiring an additional 631 shares during the period. 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.