Brokerages Set Brixmor Property Group Inc. (NYSE:BRX) Target Price at $25.13

Brixmor Property Group Inc. (NYSE:BRXGet Free Report) has earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.13.

Several equities research analysts recently weighed in on BRX shares. The Goldman Sachs Group cut their price objective on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, March 27th. JPMorgan Chase & Co. lowered their target price on Brixmor Property Group from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, May 13th. Wells Fargo & Company lowered their target price on Brixmor Property Group from $25.00 to $24.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 28th. Truist Financial reaffirmed a “buy” rating and set a $25.00 target price on shares of Brixmor Property Group in a research report on Monday, March 25th. Finally, Mizuho lowered their target price on Brixmor Property Group from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, May 23rd.

Read Our Latest Research Report on Brixmor Property Group

Brixmor Property Group Trading Down 0.2 %

NYSE BRX opened at $22.54 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.86. Brixmor Property Group has a twelve month low of $19.46 and a twelve month high of $24.47. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 3.95 and a beta of 1.57. The business’s fifty day moving average is $22.34 and its 200 day moving average is $22.47.

Brixmor Property Group (NYSE:BRXGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.22). Brixmor Property Group had a net margin of 22.47% and a return on equity of 9.84%. The firm had revenue of $320.24 million for the quarter, compared to analyst estimates of $314.82 million. During the same period last year, the business earned $0.50 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that Brixmor Property Group will post 2.11 EPS for the current fiscal year.

Brixmor Property Group Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, July 2nd will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Tuesday, July 2nd. Brixmor Property Group’s payout ratio is 117.20%.

Institutional Trading of Brixmor Property Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Brixmor Property Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 45,760,884 shares of the real estate investment trust’s stock valued at $950,911,000 after purchasing an additional 440,566 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Brixmor Property Group by 16.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 14,985,745 shares of the real estate investment trust’s stock valued at $348,718,000 after purchasing an additional 2,067,135 shares during the last quarter. Wellington Management Group LLP boosted its stake in Brixmor Property Group by 3.7% during the 4th quarter. Wellington Management Group LLP now owns 10,915,844 shares of the real estate investment trust’s stock valued at $254,012,000 after purchasing an additional 394,158 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in Brixmor Property Group by 13.6% during the 4th quarter. Centersquare Investment Management LLC now owns 8,467,936 shares of the real estate investment trust’s stock valued at $197,049,000 after purchasing an additional 1,016,209 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Brixmor Property Group during the 1st quarter valued at about $124,978,000. 98.43% of the stock is owned by institutional investors.

About Brixmor Property Group

(Get Free Report

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.

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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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