Scotiabank Issues Pessimistic Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its target price reduced by Scotiabank from $30.00 to $29.00 in a research note published on Monday morning,Benzinga reports. They currently have a sector outperform rating on the real estate investment trust’s stock.

A number of other equities research analysts have also issued reports on the stock. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $28.00 to $33.00 in a research note on Friday, February 14th. Evercore ISI raised shares of Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Tuesday, February 11th. Wells Fargo & Company decreased their target price on shares of Brixmor Property Group from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Stifel Nicolaus decreased their target price on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group decreased their target price on shares of Brixmor Property Group from $33.00 to $29.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.40.

Brixmor Property Group Trading Down 1.8%

NYSE BRX opened at $25.56 on Monday. Brixmor Property Group has a twelve month low of $21.32 and a twelve month high of $30.67. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.66 and a beta of 1.25. The firm’s 50 day moving average price is $25.42 and its two-hundred day moving average price is $26.96.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. Brixmor Property Group had a net margin of 26.40% and a return on equity of 11.72%. The firm had revenue of $337.51 million for the quarter, compared to analysts’ expectations of $329.81 million. During the same period in the previous year, the company posted $0.54 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that Brixmor Property Group will post 2.22 EPS for the current year.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 2nd will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $1.15 annualized dividend and a yield of 4.50%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 109.52%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Brixmor Property Group in the 4th quarter worth $26,000. Headlands Technologies LLC bought a new position in Brixmor Property Group in the 4th quarter worth $26,000. Smartleaf Asset Management LLC raised its holdings in Brixmor Property Group by 124.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 521 shares during the period. Brooklyn Investment Group raised its holdings in Brixmor Property Group by 146.4% in the 1st quarter. Brooklyn Investment Group now owns 1,604 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 953 shares during the period. Finally, UMB Bank n.a. raised its holdings in Brixmor Property Group by 73.5% in the 4th quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 693 shares during the period. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

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.