Brixmor Property Group (NYSE:BRX) Price Target Cut to $31.25 by Analysts at Stifel Nicolaus

Brixmor Property Group (NYSE:BRX) had its target price decreased by Stifel Nicolaus from $31.75 to $31.25 in a research note released on Tuesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the real estate investment trust’s stock.

Several other research analysts have also commented on the company. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Truist Financial lifted their target price 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. KeyCorp increased their price target 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. Mizuho lifted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Scotiabank increased their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brixmor Property Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.69.

Brixmor Property Group Stock Up 4.2 %

Shares of NYSE BRX opened at $27.27 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. The company has a 50-day moving average of $27.23 and a 200 day moving average of $27.44. Brixmor Property Group has a 12-month low of $20.80 and a 12-month high of $30.67. The stock has a market cap of $8.24 billion, a PE ratio of 25.25, a P/E/G ratio of 2.54 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. As a group, sell-side analysts predict that Brixmor Property Group will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a yield of 4.22%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 106.48%.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were 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 owns 315,004 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through the SEC website. 0.76% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brixmor Property Group

A number of hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors purchased a new stake in shares of Brixmor Property Group during the third quarter worth $46,695,000. Brookfield Corp ON acquired a new position in Brixmor Property Group during the 3rd quarter worth $38,051,000. Zurich Insurance Group Ltd FI grew its stake in Brixmor Property Group by 44.7% during the 3rd quarter. Zurich Insurance Group Ltd FI now owns 3,104,772 shares of the real estate investment trust’s stock worth $86,499,000 after purchasing an additional 959,000 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in Brixmor Property Group during the 3rd quarter worth about $25,492,000. Finally, FMR LLC raised its position in Brixmor Property Group by 136.8% in the 3rd quarter. FMR LLC now owns 1,068,666 shares of the real estate investment trust’s stock valued at $29,773,000 after purchasing an additional 617,341 shares in the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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.