Brixmor Property Group Inc (BRX) Receives $18.39 Consensus Price Target from Analysts

Brixmor Property Group Inc (NYSE:BRX) has been given a consensus rating of “Hold” by the fourteen brokerages that are currently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $18.50.

Several analysts recently commented on the company. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus boosted their price target on Brixmor Property Group from $17.50 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Barclays reaffirmed a “hold” rating and issued a $17.00 price target on shares of Brixmor Property Group in a research note on Wednesday, March 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $17.00 price target on shares of Brixmor Property Group in a research note on Monday, February 11th. Finally, ValuEngine raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th.

Shares of NYSE:BRX traded down $0.08 during trading on Thursday, hitting $18.12. 1,649,898 shares of the stock were exchanged, compared to its average volume of 2,252,726. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $5.40 billion, a PE ratio of 9.79, a PEG ratio of 2.13 and a beta of 0.75. Brixmor Property Group has a 1-year low of $14.11 and a 1-year high of $18.71.



Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.26). The company had revenue of $291.10 million during the quarter, compared to analyst estimates of $290.85 million. Brixmor Property Group had a net margin of 30.47% and a return on equity of 12.96%. Brixmor Property Group’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 EPS. On average, sell-side analysts predict that Brixmor Property Group will post 1.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, July 5th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date is Wednesday, July 3rd. Brixmor Property Group’s dividend payout ratio is currently 60.54%.

Institutional investors have recently bought and sold shares of the business. First Hawaiian Bank boosted its stake in Brixmor Property Group by 231.7% in the fourth quarter. First Hawaiian Bank now owns 6,900 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 4,820 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Brixmor Property Group by 246.3% in the first quarter. PNC Financial Services Group Inc. now owns 5,845 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 4,157 shares in the last quarter. Prudential PLC acquired a new position in Brixmor Property Group in the fourth quarter worth $154,000. Private Advisor Group LLC acquired a new position in Brixmor Property Group in the fourth quarter worth $184,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Brixmor Property Group in the fourth quarter worth $190,000. 98.75% of the stock is currently owned by institutional investors.

About Brixmor Property Group

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 425 retail centers comprise approximately 74 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.

See Also: What is a Real Estate Investment Trust (REIT)?

Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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