Brixmor Property Group (NYSE:BRX) PT Raised to $30.00

Brixmor Property Group (NYSE:BRX) had its price objective hoisted by Compass Point from $28.00 to $30.00 in a report issued on Tuesday, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on the company. Mizuho increased their price objective on Brixmor Property Group from $23.00 to $27.00 and gave the stock a neutral rating in a report on Monday, August 19th. Scotiabank increased their price target on shares of Brixmor Property Group from $25.00 to $29.00 and gave the stock a sector outperform rating in a research note on Monday, August 26th. The Goldman Sachs Group boosted their price objective on shares of Brixmor Property Group from $26.00 to $29.00 and gave the stock a buy rating in a research note on Thursday, August 1st. Piper Sandler reiterated an overweight rating and set a $33.00 target price (up from $30.00) on shares of Brixmor Property Group in a report on Wednesday, July 31st. Finally, StockNews.com downgraded Brixmor Property Group from a buy rating to a hold rating in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Brixmor Property Group presently has an average rating of Moderate Buy and an average price target of $28.29.

Brixmor Property Group Stock Down 0.4 %

Shares of NYSE BRX opened at $27.27 on Tuesday. The firm has a fifty day simple moving average of $25.36 and a two-hundred day simple moving average of $23.37. The firm has a market capitalization of $8.22 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 4.76 and a beta of 1.57. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.88. Brixmor Property Group has a 12 month low of $19.46 and a 12 month high of $27.70.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The company had revenue of $315.69 million during the quarter, compared to analysts’ expectations of $317.75 million. During the same quarter last year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts expect that Brixmor Property Group will post 2.13 earnings per share for the current year.

Brixmor Property Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio is currently 117.21%.

Insider Activity

In related news, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the completion of the sale, the insider now directly owns 360,004 shares in the company, valued at approximately $8,640,096. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Sheryl Maxwell Crosland sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven F. Siegel sold 10,000 shares of Brixmor Property Group stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the sale, the insider now directly owns 360,004 shares of the company’s stock, valued at approximately $8,640,096. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. increased its position in 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 acquiring an additional 1,007 shares during the last quarter. Quarry LP bought a new stake in shares of Brixmor Property Group during the 4th quarter valued at about $40,000. Larson Financial Group LLC purchased a new stake in shares of Brixmor Property Group during the 1st quarter valued at about $47,000. Abich Financial Wealth Management LLC lifted its stake in shares of Brixmor Property Group by 50.7% in the 1st quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 775 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of Brixmor Property Group by 19.1% in the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 431 shares during the last quarter. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

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.