Brokerages Set Brixmor Property Group Inc. (NYSE:BRX) PT at $30.48

Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) has been given an average rating of "Moderate Buy" by the thirteen analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $30.48.

Several analysts have recently commented on BRX shares. Evercore ISI upgraded 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. Mizuho decreased their price objective on shares of Brixmor Property Group from $31.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, February 25th. Stifel Nicolaus lowered their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a "hold" rating for the company in a research report on Tuesday, February 11th. Jefferies Financial Group upgraded shares of Brixmor Property Group from a "hold" rating to a "buy" rating and upped their target price for the stock from $28.00 to $33.00 in a research report on Friday, February 14th. Finally, Scotiabank lowered their price target on shares of 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.

Brixmor Property Group Price Performance

BRX stock traded down $0.65 during trading on Friday, hitting $22.95. 3,030,391 shares of the stock traded hands, compared to its average volume of 2,222,444. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 2.66 and a beta of 1.30. Brixmor Property Group has a one year low of $20.80 and a one year high of $30.67. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.79. The company has a 50 day simple moving average of $26.37 and a 200 day simple moving average of $27.38.

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Brixmor Property Group (NYSE:BRX - Get Free Report) last posted 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 net margin of 26.40% and a return on equity of 11.72%. Equities analysts expect that Brixmor Property Group will post 2.22 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.29. This represents a $1.15 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group's dividend payout ratio (DPR) is currently 103.60%.

Institutional Investors Weigh In On Brixmor Property Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in shares of Brixmor Property Group by 0.6% during the 1st quarter. Rhumbline Advisers now owns 880,829 shares of the real estate investment trust's stock worth $23,386,000 after buying an additional 5,071 shares during the period. GAMMA Investing LLC boosted its stake in Brixmor Property Group by 2,556.6% during the 1st quarter. GAMMA Investing LLC now owns 134,210 shares of the real estate investment trust's stock worth $3,563,000 after acquiring an additional 129,158 shares during the last quarter. Versant Capital Management Inc grew its holdings in Brixmor Property Group by 747.3% during the first quarter. Versant Capital Management Inc now owns 6,372 shares of the real estate investment trust's stock valued at $169,000 after purchasing an additional 5,620 shares during the period. Fairtree Asset Management Pty Ltd acquired a new position in Brixmor Property Group during the fourth quarter valued at approximately $555,000. Finally, 111 Capital bought a new stake in Brixmor Property Group in the fourth quarter valued at approximately $1,264,000. Institutional investors own 98.43% of the company's stock.

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.