Brixmor Property Group (NYSE:BRX) Rating Increased to Outperform at Evercore ISI

Evercore ISI upgraded shares of Brixmor Property Group (NYSE:BRX - Free Report) from an in-line rating to an outperform rating in a research note released on Tuesday morning, Marketbeat.com reports. Evercore ISI currently has $31.00 price target on the real estate investment trust's stock.

Other research analysts also recently issued reports about the company. Scotiabank raised their price objective on Brixmor Property Group from $29.00 to $32.00 and gave the company a "sector outperform" rating in a research note on Monday, November 25th. Mizuho raised their price objective on Brixmor Property Group from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Stifel Nicolaus raised their price objective on Brixmor Property Group from $25.50 to $27.50 and gave the company a "hold" rating in a research note on Tuesday, October 29th. KeyCorp raised their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the company an "overweight" rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company cut their price objective on 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. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $30.87.

Brixmor Property Group Stock Down 1.1 %

Shares of BRX traded down $0.32 during midday trading on Tuesday, reaching $27.81. 2,157,305 shares of the stock were exchanged, compared to its average volume of 2,589,738. Brixmor Property Group has a 12-month low of $20.80 and a 12-month high of $30.67. The firm has a 50 day simple moving average of $27.16 and a 200-day simple moving average of $27.45. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 25.78, a P/E/G ratio of 2.54 and a beta of 1.58.

Brixmor Property Group (NYSE:BRX - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. Research analysts forecast that Brixmor Property Group will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.14%. 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 dividend payout ratio (DPR) is presently 106.48%.

Insider Transactions at Brixmor Property Group

In other news, insider Steven F. Siegel sold 25,000 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total transaction of $738,500.00. Following the sale, the insider now owns 315,004 shares of the company's stock, valued at approximately $9,305,218.16. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.76% of the stock is owned by insiders.

Institutional Trading of Brixmor Property Group

Several institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $26,000. Headlands Technologies LLC bought a new position in shares of Brixmor Property Group during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its position in shares of Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust's stock worth $26,000 after buying an additional 521 shares during the period. UMB Bank n.a. lifted its position in shares of Brixmor Property Group by 328.6% during the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust's stock worth $26,000 after buying an additional 723 shares during the period. Finally, Quarry LP lifted its position in shares of Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust's stock worth $38,000 after buying an additional 364 shares during the period. Institutional investors and hedge funds 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.