Analysts Set Brixmor Property Group Inc. (NYSE:BRX) Price Target at $25.38

Shares of Brixmor Property Group Inc. (NYSE:BRX) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $25.38.

Several equities analysts recently commented on BRX shares. 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. Deutsche Bank Aktiengesellschaft started coverage on Brixmor Property Group in a report on Tuesday, January 30th. They issued a “buy” rating and a $27.00 price objective for the company. Truist Financial reiterated a “buy” rating and issued a $25.00 price objective on shares of Brixmor Property Group in a report on Monday, March 25th. The Goldman Sachs Group cut their price objective on Brixmor Property Group from $28.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. Finally, Stifel Nicolaus boosted their target price on Brixmor Property Group from $22.75 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, February 13th.

Insider Buying and Selling at Brixmor Property Group

In other 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 transaction, the director now directly owns 40,556 shares of the company’s stock, valued at approximately $925,487.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related 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 of the company’s stock, valued at approximately $5,176,173. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael B. Berman sold 10,475 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $22.82, for a total value of $239,039.50. Following the sale, the director now directly owns 40,556 shares in the company, valued at $925,487.92. The disclosure for this sale can be found here. Company insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Brixmor Property Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Brixmor Property Group in the fourth quarter worth about $40,000. GAMMA Investing LLC bought a new stake in shares of Brixmor Property Group in the fourth quarter worth about $45,000. Fifth Third Bancorp increased its holdings in shares of Brixmor Property Group by 27.9% in the third quarter. Fifth Third Bancorp now owns 2,454 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 535 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Brixmor Property Group in the first quarter worth about $165,000. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Brixmor Property Group in the fourth quarter worth about $172,000. 98.43% of the stock is owned by institutional investors.

Brixmor Property Group Stock Performance

Shares of Brixmor Property Group stock opened at $21.83 on Friday. The business’s fifty day simple moving average is $22.44 and its 200 day simple moving average is $22.15. The firm has a market capitalization of $6.58 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 2.59 and a beta of 1.53. Brixmor Property Group has a 12 month low of $19.40 and a 12 month high of $24.47. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.73.

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). The firm had revenue of $316.49 million during the quarter, compared to the consensus estimate of $311.77 million. Brixmor Property Group had a net margin of 24.50% and a return on equity of 10.63%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. As a group, analysts anticipate that Brixmor Property Group will post 2.08 EPS for the current year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, April 2nd were paid a dividend of $0.273 per share. This represents a $1.09 annualized dividend and a yield of 5.00%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, April 1st. Brixmor Property Group’s dividend payout ratio (DPR) is currently 107.92%.

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.