Brixmor Property Group (NYSE:BRX) Earns Buy Rating from Truist Financial

Truist Financial reiterated their buy rating on shares of Brixmor Property Group (NYSE:BRX) in a research report sent to investors on Monday morning, Benzinga reports. They currently have a $25.00 target price on the real estate investment trust’s stock.

A number of other analysts have also issued reports on BRX. Deutsche Bank Aktiengesellschaft assumed coverage on Brixmor Property Group in a research note on Tuesday, January 30th. They set a buy rating and a $27.00 price objective on the stock. Stifel Nicolaus boosted their target price on Brixmor Property Group from $22.75 to $24.00 and gave the stock a hold rating in a research report on Tuesday, February 13th. Finally, Mizuho restated a neutral rating and set a $24.00 target price (up from $23.00) on shares of Brixmor Property Group in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $25.38.

Brixmor Property Group Stock Performance

Shares of BRX opened at $23.27 on Monday. The firm has a market cap of $7.01 billion, a PE ratio of 23.04, a PEG ratio of 2.70 and a beta of 1.53. The stock’s fifty day moving average price is $22.66 and its two-hundred day moving average price is $22.09. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.58 and a quick ratio of 0.58. Brixmor Property Group has a 1 year low of $19.40 and a 1 year high of $24.47.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Tuesday, February 13th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.27). Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. The firm had revenue of $316.49 million during the quarter, compared to the consensus estimate of $311.77 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Brixmor Property Group will post 2.08 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, April 2nd will be paid a $0.273 dividend. The ex-dividend date of this dividend is Monday, April 1st. This represents a $1.09 annualized dividend and a dividend yield of 4.69%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio is presently 107.92%.

Insider Buying and Selling

In other Brixmor Property Group news, Director Michael B. Berman sold 10,475 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total transaction of $239,039.50. Following the sale, the director now directly owns 40,556 shares in the company, valued at approximately $925,487.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Brian T. Finnegan sold 7,500 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $23.00, for a total value of $172,500.00. Following the transaction, the insider now directly owns 225,051 shares in the company, valued at approximately $5,176,173. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael B. Berman sold 10,475 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $22.82, for a total value of $239,039.50. Following the completion of the transaction, the director now owns 40,556 shares in the company, valued at $925,487.92. The disclosure for this sale can be found here. Insiders have sold 25,475 shares of company stock worth $585,990 in the last 90 days. 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 BRX. Quarry LP bought a new position in Brixmor Property Group in the 4th quarter worth $40,000. Belpointe Asset Management LLC raised its holdings in Brixmor Property Group by 42.9% in the 1st quarter. Belpointe Asset Management LLC now owns 1,931 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 580 shares during the period. Brown Brothers Harriman & Co. bought a new position in Brixmor Property Group in the 1st quarter worth $43,000. GAMMA Investing LLC bought a new position in Brixmor Property Group in the 4th quarter worth $45,000. Finally, Covestor Ltd raised its holdings in Brixmor Property Group by 170.2% in the 1st quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,159 shares during the period. 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.