Brixmor Property Group Inc. (NYSE:BRX) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been given an average rating of “Moderate Buy” by the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $30.56.

A number of research firms have recently weighed in on BRX. BMO Capital Markets upgraded Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their target price for the company from $30.00 to $33.00 in a research report on Friday, December 6th. Scotiabank dropped their price objective on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a research report on Friday, February 28th. Stifel Nicolaus dropped their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research report on Tuesday, February 11th. Wells Fargo & Company dropped their target price on Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, Mizuho dropped their target price on Brixmor Property Group from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $25.50 on Monday. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s fifty day moving average price is $26.68 and its two-hundred day moving average price is $27.64. Brixmor Property Group has a one year low of $20.80 and a one year high of $30.67. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. On average, equities analysts forecast that Brixmor Property Group will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be paid a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 annualized dividend and a yield of 4.51%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is currently 103.60%.

Institutional Investors Weigh In On Brixmor Property Group

Large investors have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA grew its stake in Brixmor Property Group by 222.1% during the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after purchasing an additional 26,000 shares during the period. Vestcor Inc acquired a new stake in Brixmor Property Group during the third quarter worth approximately $776,000. Charles Schwab Investment Management Inc. grew its stake in Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock worth $138,185,000 after purchasing an additional 159,388 shares during the period. Park Avenue Securities LLC boosted its holdings in Brixmor Property Group by 95.0% in the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock worth $720,000 after acquiring an additional 12,593 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Brixmor Property Group in the fourth quarter worth approximately $620,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

About Brixmor Property Group

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.