Brixmor Property Group Inc. (NYSE:BRX) Receives $30.56 Consensus Target Price from Analysts

Brixmor Property Group Inc. (NYSE:BRX) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $30.56.

Several equities analysts have weighed in on the company. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $30.00 to $33.00 in a report on Friday, December 6th. Scotiabank reduced their price objective on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating for the company in a report on Friday, February 28th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Tuesday, February 11th. Stifel Nicolaus reduced their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a report on Tuesday, February 11th. Finally, Truist Financial increased their price objective on 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 Performance

BRX stock opened at $25.50 on Monday. The firm has a market cap of $7.80 billion, a PE ratio of 22.97, a P/E/G ratio of 2.66 and a beta of 1.59. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.79. The business has a 50 day moving average of $26.72 and a 200-day moving average of $27.65. Brixmor Property Group has a 12-month low of $20.80 and a 12-month high of $30.67.

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 the consensus estimate 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, sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Wednesday, April 2nd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio (DPR) is 103.60%.

Institutional Investors Weigh In On Brixmor Property Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Glenmede Trust Co. NA raised its position in shares of Brixmor Property Group by 222.1% in the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after buying an additional 26,000 shares in the last quarter. Vestcor Inc bought a new position in Brixmor Property Group in the third quarter valued at $776,000. Charles Schwab Investment Management Inc. increased its stake in Brixmor Property Group by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after acquiring an additional 159,388 shares during the last quarter. Park Avenue Securities LLC increased its stake in Brixmor Property Group by 95.0% in the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 12,593 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in Brixmor Property Group by 33.3% in the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after acquiring an additional 36,823 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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.