Brixmor Property Group Inc. (NYSE:BRX) Receives $30.69 Average Price Target from Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $30.87.

Several analysts recently weighed in on the company. Truist Financial increased their target price on Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Scotiabank upped their price target 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. KeyCorp upped their price target on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Mizuho upped 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, Wells Fargo & Company cut their price target on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th.

Brixmor Property Group Stock Down 1.6 %

NYSE:BRX opened at $27.68 on Thursday. The firm has a market capitalization of $8.36 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.54 and a beta of 1.58. Brixmor Property Group has a 1-year low of $20.80 and a 1-year high of $30.67. 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 business’s fifty day moving average price is $27.08 and its 200 day moving average price is $27.50.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that Brixmor Property Group will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently declared 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 4.16%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 106.48%.

Insider Activity at Brixmor Property Group

In related 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 transaction of $738,500.00. Following the completion of the sale, the insider now directly owns 315,004 shares of the company’s stock, valued at $9,305,218.16. This trade represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Brixmor Property Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Voloridge Investment Management LLC increased its holdings in Brixmor Property Group by 5.3% during the 4th quarter. Voloridge Investment Management LLC now owns 1,004,303 shares of the real estate investment trust’s stock valued at $27,960,000 after purchasing an additional 50,804 shares in the last quarter. Sophron Capital Management L.P. bought a new position in Brixmor Property Group in the 4th quarter valued at $231,000. Twinbeech Capital LP bought a new position in Brixmor Property Group in the 4th quarter valued at $3,066,000. Two Sigma Advisers LP boosted its position in Brixmor Property Group by 50.4% in the 4th quarter. Two Sigma Advisers LP now owns 85,000 shares of the real estate investment trust’s stock valued at $2,366,000 after buying an additional 28,500 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in Brixmor Property Group by 587.0% in the 4th quarter. Two Sigma Investments LP now owns 441,218 shares of the real estate investment trust’s stock valued at $12,284,000 after buying an additional 376,995 shares during the last quarter. 98.43% of the stock is 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.