Royal Bank Of Canada reaffirmed their hold rating on shares of Brixmor Property Group Inc. (NYSE:BRX) in a research note issued to investors on Thursday. Royal Bank Of Canada currently has a $22.00 price objective on the real estate investment trust’s stock.

BRX has been the subject of several other research reports. ValuEngine upgraded Brixmor Property Group from a hold rating to a buy rating in a research report on Monday, October 2nd. Citigroup Inc. raised their target price on Brixmor Property Group from $19.00 to $20.00 and gave the stock a neutral rating in a research report on Monday, August 7th. Zacks Investment Research downgraded Brixmor Property Group from a hold rating to a sell rating in a research report on Tuesday, July 18th. Mizuho upgraded Brixmor Property Group from a neutral rating to a buy rating and set a $22.00 price objective for the company in a research report on Monday, August 14th. Finally, Barclays PLC cut their price objective on Brixmor Property Group from $22.00 to $21.00 and set an equal weight rating for the company in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. Brixmor Property Group presently has a consensus rating of Hold and an average target price of $23.39.

Brixmor Property Group (NYSE:BRX) traded down $0.84 during trading on Thursday, hitting $17.50. The company had a trading volume of 3,328,842 shares, compared to its average volume of 3,073,099. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.67 and a current ratio of 0.70. The firm has a market cap of $5,336.40, a P/E ratio of 8.29, a P/E/G ratio of 1.63 and a beta of 0.51.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.24). The company had revenue of $314.50 million for the quarter, compared to the consensus estimate of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. Brixmor Property Group’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 EPS. sell-side analysts anticipate that Brixmor Property Group will post 2.09 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be given a $0.275 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, January 3rd. This represents a $1.10 annualized dividend and a yield of 6.29%. Brixmor Property Group’s payout ratio is presently 98.11%.

In other news, insider James M. Taylor, Jr. bought 15,600 shares of the stock in a transaction dated Thursday, August 17th. The stock was bought at an average cost of $19.24 per share, with a total value of $300,144.00. Following the purchase, the insider now owns 224,793 shares of the company’s stock, valued at $4,325,017.32. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John Schreiber bought 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average cost of $18.72 per share, with a total value of $187,200.00. Following the completion of the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $374,400. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its stake in shares of Brixmor Property Group by 3.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,183,228 shares of the real estate investment trust’s stock valued at $39,037,000 after buying an additional 79,331 shares during the period. Rhumbline Advisers increased its stake in shares of Brixmor Property Group by 31.6% in the 2nd quarter. Rhumbline Advisers now owns 331,323 shares of the real estate investment trust’s stock valued at $5,924,000 after buying an additional 79,600 shares during the period. BlackRock Inc. increased its stake in shares of Brixmor Property Group by 35.0% in the 2nd quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock valued at $519,713,000 after buying an additional 7,543,528 shares during the period. SG Americas Securities LLC increased its stake in shares of Brixmor Property Group by 659.1% in the 2nd quarter. SG Americas Securities LLC now owns 87,764 shares of the real estate investment trust’s stock valued at $1,569,000 after buying an additional 76,202 shares during the period. Finally, LSV Asset Management increased its stake in shares of Brixmor Property Group by 16.6% in the 2nd quarter. LSV Asset Management now owns 609,797 shares of the real estate investment trust’s stock valued at $10,903,000 after buying an additional 86,800 shares during the period.

Brixmor Property Group Company Profile

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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