Brixmor Property Group Inc. (NYSE:BRX) Receives $30.56 Average PT from Analysts

Shares of Brixmor Property Group Inc. (NYSE:BRX) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $30.56.

Several equities analysts have weighed in on BRX shares. Stifel Nicolaus lowered their target price on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Evercore ISI upgraded shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Tuesday, February 11th. BMO Capital Markets upgraded shares of Brixmor Property Group from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $33.00 in a research note on Friday, December 6th. Wells Fargo & Company decreased their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Truist Financial boosted their price target on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th.

Brixmor Property Group Stock Up 0.7 %

Shares of NYSE:BRX opened at $25.98 on Monday. The firm has a 50 day simple moving average of $26.81 and a 200 day simple moving average of $27.68. Brixmor Property Group has a 52 week low of $20.80 and a 52 week high of $30.67. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $7.95 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.66 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share (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%. As a group, research analysts expect that Brixmor Property Group will post 2.22 earnings per share 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. Stockholders of record on Wednesday, April 2nd will be issued a $0.2875 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Wednesday, April 2nd. Brixmor Property Group’s payout ratio is presently 103.60%.

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board increased its holdings in shares of Brixmor Property Group by 6.4% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,792,016 shares of the real estate investment trust’s stock valued at $216,930,000 after purchasing an additional 467,146 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Brixmor Property Group by 31.3% in the 4th quarter. Deutsche Bank AG now owns 5,882,828 shares of the real estate investment trust’s stock valued at $163,778,000 after buying an additional 1,404,034 shares during the period. Invesco Ltd. raised its position in shares of Brixmor Property Group by 61.1% during the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock worth $160,038,000 after acquiring an additional 2,180,541 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Brixmor Property Group by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust’s stock valued at $157,450,000 after acquiring an additional 38,911 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Brixmor Property Group by 7.8% during the fourth quarter. Ameriprise Financial Inc. now owns 5,453,599 shares of the real estate investment trust’s stock valued at $151,155,000 after acquiring an additional 393,317 shares during the period. 98.43% of the stock is owned by institutional investors.

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.