Brokerages Set Brixmor Property Group Inc. (NYSE:BRX) Target Price at $30.19

Shares of Brixmor Property Group Inc. (NYSE:BRX) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $30.19.

A number of analysts recently weighed in on the stock. Mizuho increased their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $33.00 in a report on Friday, December 6th. Evercore ISI decreased their price target on shares of Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating for the company in a report on Tuesday, December 24th. Scotiabank raised their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Finally, Stifel Nicolaus boosted their target price on Brixmor Property Group from $25.50 to $27.50 and gave the company a “hold” rating in a research note on Tuesday, October 29th.

Insiders Place Their Bets

In related news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the transaction, the insider now owns 315,004 shares in the company, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Brixmor Property Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in BRX. UMB Bank n.a. increased its position in shares of Brixmor Property Group by 328.6% in the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 723 shares during the last quarter. Quarry LP grew its stake in Brixmor Property Group by 36.3% in the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 364 shares in the last quarter. Maryland Capital Advisors Inc. acquired a new position in shares of Brixmor Property Group during the 3rd quarter worth approximately $46,000. Blue Trust Inc. raised its stake in shares of Brixmor Property Group by 103.7% during the 3rd quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 1,448 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Brixmor Property Group by 53.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,421 shares of the real estate investment trust’s stock valued at $123,000 after buying an additional 1,533 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Price Performance

Shares of BRX stock opened at $26.46 on Friday. The firm’s 50 day moving average price is $28.09 and its two-hundred day moving average price is $27.23. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. Brixmor Property Group has a 52-week low of $20.80 and a 52-week high of $30.67. The stock has a market cap of $7.99 billion, a PE ratio of 24.50, a PEG ratio of 3.58 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The company had revenue of $320.68 million for the quarter, compared to analyst estimates of $320.22 million. During the same period last year, the firm earned $0.50 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts forecast that Brixmor Property Group will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Friday, January 3rd were given a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend was Friday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio (DPR) is currently 106.48%.

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.