Brixmor Property Group Inc. (NYSE:BRX) Stock Has Average Price Target of $33.14 According to Analysts

Brixmor Property Group Inc. (NYSE:BRX) has received an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $32.95.

BRX has been the topic of several research reports. UBS Group reduced their target price on Brixmor Property Group from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Citigroup dropped their price target on Brixmor Property Group from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday. Stifel Nicolaus cut their price target on Brixmor Property Group from $32.00 to $30.50 and set a “hold” rating for the company in a report on Tuesday, October 27th. KeyCorp reaffirmed an “overweight” rating and issued a $34.00 price objective on shares of Brixmor Property Group in a research note on Wednesday, October 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brixmor Property Group in a research note on Thursday.

Institutional Investors Weigh In On Brixmor Property Group

Large investors have recently bought and sold shares of the business. Heritage Family Offices LLP purchased a new stake in Brixmor Property Group during the third quarter valued at approximately $52,000. Chicago Partners Investment Group LLC lifted its stake in shares of Brixmor Property Group by 15.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,433 shares of the real estate investment trust’s stock valued at $265,000 after purchasing an additional 1,260 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Brixmor Property Group by 12.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 378,306 shares of the real estate investment trust’s stock worth $10,441,000 after purchasing an additional 41,030 shares during the period. Peak Financial Advisors LLC boosted its holdings in shares of Brixmor Property Group by 29.3% in the 3rd quarter. Peak Financial Advisors LLC now owns 141,735 shares of the real estate investment trust’s stock worth $3,912,000 after purchasing an additional 32,135 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Brixmor Property Group by 21.7% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 112,281 shares of the real estate investment trust’s stock valued at $3,099,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors own 98.43% of the company’s stock.

Brixmor Property Group Stock Performance

Shares of NYSE BRX opened at $29.59 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.82 and a current ratio of 0.81. The company has a market cap of $9.08 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.19 and a beta of 0.97. The firm’s fifty day moving average is $28.24 and its two-hundred day moving average is $29.54. Brixmor Property Group has a 52-week low of $24.66 and a 52-week high of $32.86.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.31). Brixmor Property Group had a return on equity of 14.10% and a net margin of 29.96%. The company had revenue of $359.60 million during the quarter, compared to analysts’ expectations of $357.28 million. During the same quarter in the previous year, the firm earned $0.56 EPS. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Brixmor Property Group will post 2.37 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Tuesday, January 5th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.3075. The ex-dividend date of this dividend is Tuesday, January 5th. Brixmor Property Group’s payout ratio is 89.78%.

About Brixmor Property Group

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.