Brixmor Property Group Inc (NYSE:BRX) Receives Average Rating of “Hold” from Analysts

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Shares of Brixmor Property Group Inc (NYSE:BRX) have received an average rating of “Hold” from the fourteen analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $20.55.

BRX has been the subject of several recent research reports. BMO Capital Markets cut Brixmor Property Group from a “market perform” rating to an “underperform” rating and set a $19.00 price target for the company. in a research report on Tuesday, January 7th. Evercore ISI cut Brixmor Property Group from an “outperform” rating to an “in-line” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. raised Brixmor Property Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $22.00 to $24.00 in a research report on Wednesday, December 18th. ValuEngine cut Brixmor Property Group from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Finally, Jefferies Financial Group initiated coverage on Brixmor Property Group in a research report on Wednesday, January 15th. They set a “hold” rating and a $21.00 price target for the company.

Shares of NYSE BRX opened at $20.64 on Friday. The stock has a 50 day moving average price of $20.75 and a 200 day moving average price of $20.46. Brixmor Property Group has a 52 week low of $16.85 and a 52 week high of $22.74. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.50 and a current ratio of 0.51. The stock has a market capitalization of $6.11 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 2.70 and a beta of 0.81.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.21 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.27). Brixmor Property Group had a net margin of 23.52% and a return on equity of 9.94%. The company had revenue of $293.10 million for the quarter, compared to analyst estimates of $294.14 million. During the same period last year, the company posted $0.48 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, research analysts forecast that Brixmor Property Group will post 1.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Monday, April 6th will be paid a $0.285 dividend. The ex-dividend date is Friday, April 3rd. This represents a $1.14 annualized dividend and a yield of 5.52%. Brixmor Property Group’s dividend payout ratio is 59.69%.

In other Brixmor Property Group news, insider Steven F. Siegel sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $22.01, for a total value of $165,075.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Brian T. Finnegan sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $21.00, for a total value of $63,000.00. The disclosure for this sale can be found here. Insiders sold 28,500 shares of company stock worth $605,250 in the last 90 days. Corporate insiders own 0.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Brixmor Property Group by 0.6% during the third quarter. State Street Corp now owns 16,307,919 shares of the real estate investment trust’s stock worth $330,888,000 after purchasing an additional 99,775 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Brixmor Property Group by 6.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,475,706 shares of the real estate investment trust’s stock worth $232,843,000 after purchasing an additional 659,885 shares during the period. LSV Asset Management increased its stake in shares of Brixmor Property Group by 19.0% during the fourth quarter. LSV Asset Management now owns 4,409,064 shares of the real estate investment trust’s stock worth $95,279,000 after purchasing an additional 704,131 shares during the period. Renaissance Technologies LLC increased its stake in shares of Brixmor Property Group by 1.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,255,900 shares of the real estate investment trust’s stock worth $91,970,000 after purchasing an additional 61,100 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Brixmor Property Group by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,189,221 shares of the real estate investment trust’s stock worth $90,530,000 after purchasing an additional 145,102 shares during the period. Hedge funds and other institutional investors own 99.20% of the company’s stock.

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 425 retail centers comprise approximately 74 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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