Brokerages Set Brixmor Property Group Inc. (NYSE:BRX) PT at $30.19

Shares of Brixmor Property Group Inc. (NYSE:BRX) have earned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $30.19.

A number of equities analysts recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Brixmor Property Group from $32.00 to $31.00 and set an “in-line” rating for the company in a research report on Tuesday. 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. Stifel Nicolaus lifted 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. Scotiabank increased their target price on Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research note on Monday, November 25th. Finally, KeyCorp lifted their target price on Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th.

Insider Activity

In other Brixmor Property Group news, insider Steven F. Siegel sold 25,000 shares of the stock in a transaction 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 owns 315,004 shares in the company, valued at approximately $9,305,218.16. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Brixmor Property Group

Several institutional investors have recently made changes to their positions in BRX. Glenmede Trust Co. NA lifted its stake in shares of Brixmor Property Group by 222.1% in the third quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock valued at $1,050,000 after purchasing an additional 26,000 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 valued at $138,185,000 after acquiring an additional 159,388 shares during the period. Vestcor Inc purchased a new stake in shares of Brixmor Property Group during the 3rd quarter worth approximately $776,000. Wolverine Asset Management LLC acquired a new stake in shares of Brixmor Property Group in the 2nd quarter worth approximately $494,000. Finally, Natixis Advisors LLC increased its stake in Brixmor Property Group by 33.3% in the 3rd quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after purchasing an additional 36,823 shares in the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

Brixmor Property Group Price Performance

BRX stock opened at $27.57 on Wednesday. Brixmor Property Group has a 52-week low of $20.80 and a 52-week high of $30.67. 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 stock has a market cap of $8.33 billion, a price-to-earnings ratio of 25.53, a price-to-earnings-growth ratio of 3.96 and a beta of 1.58. The business has a fifty day moving average of $28.68 and a two-hundred day moving average of $26.59.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. The business had revenue of $320.68 million for the quarter, compared to analysts’ expectations of $320.22 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, research analysts anticipate that Brixmor Property Group will post 2.14 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.287 per share. The ex-dividend date is Friday, January 3rd. 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 $0.27. Brixmor Property Group’s dividend payout ratio is presently 106.48%.

About Brixmor Property Group

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.