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

Brixmor Property Group Inc. (NYSE:BRX) has earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $30.19.

Several equities analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective 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. Truist Financial increased their price objective on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $30.00 to $33.00 in a report on Friday, December 6th. Mizuho increased their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, Evercore ISI reduced their price objective on Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 24th.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the sale, the insider now directly owns 315,004 shares in the company, valued at approximately $9,305,218.16. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.76% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP boosted its position 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 worth $38,000 after buying an additional 364 shares during the period. Creative Planning lifted its holdings in Brixmor Property Group by 2.8% in the second quarter. Creative Planning now owns 14,615 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 396 shares during the period. Janney Montgomery Scott LLC increased its stake in Brixmor Property Group by 5.3% during 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. boosted its holdings in shares of Brixmor Property Group by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 32,142 shares of the real estate investment trust’s stock valued at $895,000 after acquiring an additional 532 shares in the last quarter. Finally, GAMMA Investing LLC increased 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. 98.43% of the stock is owned by institutional investors and hedge funds.

Brixmor Property Group Stock Up 1.4 %

BRX opened at $26.28 on Friday. Brixmor Property Group has a 12 month low of $20.80 and a 12 month high of $30.67. The business has a 50-day moving average of $28.14 and a two-hundred day moving average of $27.17. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 3.63 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). The company had revenue of $320.68 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. On average, 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 declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were given a dividend of $0.287 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Friday, January 3rd. Brixmor Property Group’s dividend payout ratio is currently 106.48%.

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 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.