Brixmor Property Group Inc. (NYSE:BRX) Given Consensus Rating of "Moderate Buy" by Analysts

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the thirteen brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $30.19.

BRX has been the subject of a number of research analyst reports. KeyCorp raised their price target on Brixmor Property Group from $28.00 to $32.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. Truist Financial lifted their price target on Brixmor Property Group from $28.00 to $31.00 and gave the company a "buy" rating in a research note on Friday, November 15th. BMO Capital Markets raised shares of Brixmor Property Group from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $30.00 to $33.00 in a research note on Friday, December 6th. Evercore ISI reduced their target price on shares of Brixmor Property Group from $32.00 to $31.00 and set an "in-line" rating on the stock in a report on Tuesday, December 24th. Finally, Mizuho lifted their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th.

Brixmor Property Group Stock Performance

Shares of BRX stock traded down $0.24 during trading hours on Friday, hitting $26.29. 1,932,927 shares of the company were exchanged, compared to its average volume of 1,937,522. The firm has a fifty day simple moving average of $28.35 and a 200 day simple moving average of $27.11. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a 52-week low of $20.80 and a 52-week high of $30.67. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 24.35, a P/E/G ratio of 3.39 and a beta of 1.59.

Brixmor Property Group (NYSE:BRX - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.21). The company had revenue of $320.68 million for the quarter, compared to the consensus estimate of $320.22 million. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. Brixmor Property Group's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. Research analysts predict that Brixmor Property Group will post 2.14 earnings per share for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.287 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Friday, January 3rd. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.27. Brixmor Property Group's payout ratio is 106.48%.

Insiders Place Their Bets

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the company's stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now directly owns 315,004 shares of the company's stock, valued at $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.76% of the company's stock.

Institutional Trading of Brixmor Property Group

A number of hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. increased its position in shares of Brixmor Property Group by 3.3% during the second quarter. Federated Hermes Inc. now owns 32,955 shares of the real estate investment trust's stock valued at $761,000 after buying an additional 1,058 shares during the period. Envestnet Asset Management Inc. increased its holdings in Brixmor Property Group by 10.0% during the second quarter. Envestnet Asset Management Inc. now owns 283,351 shares of the real estate investment trust's stock valued at $6,543,000 after buying an additional 25,684 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Brixmor Property Group by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,804,746 shares of the real estate investment trust's stock valued at $110,940,000 after purchasing an additional 396,242 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Brixmor Property Group by 23.7% during the second quarter. Hsbc Holdings PLC now owns 582,055 shares of the real estate investment trust's stock valued at $13,363,000 after buying an additional 111,399 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Brixmor Property Group in the second quarter worth $1,949,000. Institutional investors own 98.43% of the company's stock.

Brixmor Property Group Company Profile

Brixmor NYSE: BRX is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 362 retail centers comprise approximately 64 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision to be the center of the communities we serve and are home to a diverse mix of thriving national, regional and local retailers.