Brixmor Property Group (NYSE:BRX) PT Raised to $25.50

Brixmor Property Group (NYSE:BRX) had its price objective lifted by Stifel Nicolaus from $24.00 to $25.50 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company decreased their price target on shares of Brixmor Property Group from $25.00 to $24.00 and set an equal weight rating on the stock in a research note on Tuesday, May 28th. StockNews.com downgraded shares of Brixmor Property Group from a buy rating to a hold rating in a research note on Monday, July 29th. JPMorgan Chase & Co. decreased their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an overweight rating on the stock in a research note on Monday, May 13th. Finally, Mizuho decreased their price target on shares of Brixmor Property Group from $24.00 to $23.00 and set a neutral rating on the stock in a research note on Thursday, May 23rd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Brixmor Property Group presently has a consensus rating of Moderate Buy and a consensus price target of $26.75.

Brixmor Property Group Trading Down 0.7 %

Shares of BRX stock opened at $25.37 on Tuesday. Brixmor Property Group has a 1 year low of $19.46 and a 1 year high of $26.41. The firm’s fifty day simple moving average is $23.10 and its 200 day simple moving average is $22.64. The firm has a market capitalization of $7.64 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 4.41 and a beta of 1.57. The company has a current ratio of 1.50, a quick ratio of 1.45 and a debt-to-equity ratio of 1.88.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The company had revenue of $315.69 million for the quarter, compared to the consensus estimate of $317.75 million. During the same period last year, the firm posted $0.52 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts predict that Brixmor Property Group will post 2.13 EPS for the current year.

Brixmor Property Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.2725 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This represents a $1.09 annualized dividend and a yield of 4.30%. Brixmor Property Group’s dividend payout ratio (DPR) is 117.20%.

Insider Buying and Selling

In related news, insider Steven F. Siegel sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the insider now owns 360,004 shares in the company, valued at approximately $8,640,096. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.76% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BRX. Vanguard Group Inc. raised its holdings in Brixmor Property Group by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 45,662,863 shares of the real estate investment trust’s stock worth $1,070,794,000 after purchasing an additional 165,572 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Brixmor Property Group by 16.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,985,745 shares of the real estate investment trust’s stock worth $348,718,000 after purchasing an additional 2,067,135 shares during the last quarter. Wellington Management Group LLP raised its holdings in Brixmor Property Group by 3.7% during the 4th quarter. Wellington Management Group LLP now owns 10,915,844 shares of the real estate investment trust’s stock worth $254,012,000 after purchasing an additional 394,158 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in Brixmor Property Group by 13.6% during the 4th quarter. Centersquare Investment Management LLC now owns 8,467,936 shares of the real estate investment trust’s stock worth $197,049,000 after purchasing an additional 1,016,209 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Brixmor Property Group during the 1st quarter worth about $124,978,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

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.