Analysts Set Brixmor Property Group Inc. (NYSE:BRX) Target Price at $28.54

Shares of Brixmor Property Group Inc. (NYSE:BRX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve ratings firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $28.54.

BRX has been the subject of several recent analyst reports. Piper Sandler restated an "overweight" rating and issued a $33.00 price target (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. The Goldman Sachs Group upped their price target on Brixmor Property Group from $26.00 to $29.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Stifel Nicolaus upped their price target on Brixmor Property Group from $25.50 to $27.50 and gave the stock a "hold" rating in a research note on Tuesday, October 29th. Mizuho upped their price target on Brixmor Property Group from $23.00 to $27.00 and gave the stock a "neutral" rating in a research note on Monday, August 19th. Finally, KeyCorp increased their target price on Brixmor Property Group from $26.00 to $28.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th.

Brixmor Property Group Stock Performance

Shares of NYSE:BRX traded up $0.40 during mid-day trading on Tuesday, reaching $28.34. 2,634,563 shares of the company traded hands, compared to its average volume of 2,291,204. The company's 50 day moving average price is $27.58 and its 200-day moving average price is $24.86. The firm has a market cap of $8.56 billion, a PE ratio of 26.24, a PEG ratio of 4.42 and a beta of 1.57. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.38 and a quick ratio of 1.38. Brixmor Property Group has a 52 week low of $20.69 and a 52 week high of $28.45.

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

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, January 3rd will be issued a dividend of $0.287 per share. This represents a $1.15 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Brixmor Property Group's previous quarterly dividend of $0.27. Brixmor Property Group's dividend payout ratio is presently 106.48%.

Insider Activity at Brixmor Property Group

In other Brixmor Property Group news, Director Sheryl Maxwell Crosland sold 5,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $25.45, for a total value of $127,250.00. Following the sale, the director now owns 46,291 shares in the company, valued at $1,178,105.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.76% of the stock is currently owned by insiders.

Institutional Trading of Brixmor Property Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its stake in Brixmor Property Group by 328.6% in the third quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 723 shares during the period. Blue Trust Inc. increased its stake in shares of Brixmor Property Group by 258.9% during the second quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,007 shares during the period. Maryland Capital Advisors Inc. purchased a new position in shares of Brixmor Property Group during the third quarter valued at $46,000. Larson Financial Group LLC purchased a new position in shares of Brixmor Property Group during the first quarter valued at $47,000. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Brixmor Property Group by 50.7% during the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 775 shares during the period. Hedge funds and other 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.