Brixmor Property Group Inc. (NYSE:BRX) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) have received an average rating of "Moderate Buy" from the thirteen analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $30.56.

A number of equities research analysts recently issued reports on BRX shares. Mizuho reduced their price target on Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Evercore ISI raised Brixmor Property Group from an "in-line" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Scotiabank dropped their price target on Brixmor Property Group from $32.00 to $30.00 and set a "sector outperform" rating for the company in a research note on Friday, February 28th. Wells Fargo & Company reduced their price objective on shares of Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Finally, Truist Financial boosted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a "buy" rating in a research report on Friday, November 15th.

Brixmor Property Group Stock Performance

BRX traded down $0.65 during trading on Monday, hitting $25.34. The stock had a trading volume of 1,191,534 shares, compared to its average volume of 2,128,676. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50 day moving average price of $26.77 and a 200-day moving average price of $27.66. Brixmor Property Group has a one year low of $20.80 and a one year high of $30.67. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 2.66 and a beta of 1.59.

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Brixmor Property Group (NYSE:BRX - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. As a group, research analysts predict that Brixmor Property Group will post 2.22 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date is Wednesday, April 2nd. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. Brixmor Property Group's payout ratio is 103.60%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Brixmor Property Group in the 4th quarter valued at about $18,767,000. Ascent Group LLC boosted its holdings in Brixmor Property Group by 6.0% in the fourth quarter. Ascent Group LLC now owns 9,155 shares of the real estate investment trust's stock valued at $255,000 after acquiring an additional 521 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Brixmor Property Group by 38.5% in the fourth quarter. Mackenzie Financial Corp now owns 875,964 shares of the real estate investment trust's stock valued at $24,387,000 after acquiring an additional 243,345 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Brixmor Property Group during the 4th quarter valued at approximately $152,000. Finally, Fourth Dimension Wealth LLC bought a new position in Brixmor Property Group during the 4th quarter worth approximately $71,000. 98.43% of the stock is owned by institutional investors.

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.