Brixmor Property Group Inc. (NYSE:BRX) Receives $24.42 Consensus PT from Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX – Get Rating) have been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $24.42.

BRX has been the subject of a number of research reports. Barclays lifted their target price on Brixmor Property Group from $26.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, December 6th. Wolfe Research raised Brixmor Property Group from a “peer perform” rating to an “outperform” rating and set a $29.00 target price for the company in a report on Thursday, December 15th. Finally, StockNews.com initiated coverage on Brixmor Property Group in a report on Thursday. They set a “hold” rating for the company.

Institutional Trading of Brixmor Property Group

Several institutional investors have recently added to or reduced their stakes in BRX. Cambridge Investment Research Advisors Inc. bought a new stake in Brixmor Property Group in the first quarter valued at approximately $407,000. AlphaCrest Capital Management LLC raised its position in shares of Brixmor Property Group by 44.2% during the first quarter. AlphaCrest Capital Management LLC now owns 14,689 shares of the real estate investment trust’s stock worth $379,000 after purchasing an additional 4,504 shares during the period. APG Asset Management N.V. acquired a new position in shares of Brixmor Property Group during the first quarter worth approximately $371,000. Great West Life Assurance Co. Can raised its position in shares of Brixmor Property Group by 5.5% during the first quarter. Great West Life Assurance Co. Can now owns 406,368 shares of the real estate investment trust’s stock worth $10,834,000 after purchasing an additional 21,179 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Brixmor Property Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 45,190,584 shares of the real estate investment trust’s stock worth $1,166,369,000 after purchasing an additional 369,401 shares during the period. 95.59% of the stock is currently owned by institutional investors.

Brixmor Property Group Trading Down 3.0 %

Shares of Brixmor Property Group stock opened at $20.01 on Thursday. The business has a fifty day simple moving average of $22.58 and a two-hundred day simple moving average of $21.77. Brixmor Property Group has a 1 year low of $17.62 and a 1 year high of $27.19. The company has a market capitalization of $6.01 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.69 and a beta of 1.60. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.57 and a quick ratio of 0.57.

Brixmor Property Group (NYSE:BRX – Get Rating) last announced its quarterly earnings results on Tuesday, February 14th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.14). Brixmor Property Group had a net margin of 29.08% and a return on equity of 12.57%. The business had revenue of $308.57 million for the quarter, compared to analyst estimates of $310.70 million. During the same period in the prior year, the business earned $0.46 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Research analysts forecast that Brixmor Property Group will post 2 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Tuesday, April 4th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Monday, April 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 89.66%.

About Brixmor Property Group

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Brixmor Property Group, Inc operates as a real estate investment trust. It owns and operates a wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.