Brokerages Set Brixmor Property Group Inc. (NYSE:BRX) PT at $30.69

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) has received an average rating of "Moderate Buy" from the thirteen analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $30.87.

A number of research firms have recently commented on BRX. Truist Financial raised their price target on Brixmor Property Group from $28.00 to $31.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Wells Fargo & Company dropped their price target on Brixmor Property Group from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. BMO Capital Markets raised Brixmor Property Group from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. 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 report on Tuesday, November 12th. Finally, Scotiabank raised their price target on Brixmor Property Group from $29.00 to $32.00 and gave the stock a "sector outperform" rating in a research report on Monday, November 25th.

Insider Buying and Selling at Brixmor Property Group

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the transaction, the insider now directly owns 315,004 shares in the company, valued at $9,305,218.16. This trade 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. Corporate insiders own 0.76% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board grew its stake in 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. Invesco Ltd. boosted its stake in shares of Brixmor Property Group by 61.1% during the 4th 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 period. Geode Capital Management LLC boosted its stake in shares of Brixmor Property Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,925 shares of the real estate investment trust's stock worth $157,450,000 after acquiring an additional 38,911 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Brixmor Property Group by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust's stock worth $138,185,000 after acquiring an additional 159,388 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Brixmor Property Group by 96.2% during the 4th quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust's stock worth $135,590,000 after acquiring an additional 2,388,264 shares during the period. 98.43% of the stock is currently owned by institutional investors.

Brixmor Property Group Trading Down 1.6 %

NYSE:BRX traded down $0.45 during mid-day trading on Thursday, hitting $27.68. The company had a trading volume of 3,537,127 shares, compared to its average volume of 2,297,659. Brixmor Property Group has a fifty-two week low of $20.80 and a fifty-two week high of $30.67. The business's fifty day moving average is $27.12 and its two-hundred day moving average is $27.49. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $8.36 billion, a P/E ratio of 25.63, a P/E/G ratio of 2.54 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. As a group, research analysts expect that Brixmor Property Group will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be paid a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 4.16%. This is an increase from Brixmor Property Group's previous quarterly dividend of $0.29. The ex-dividend date is Wednesday, April 2nd. 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.