Brixmor Property Group (NYSE:BRX) Price Target Increased to $29.00 by Analysts at The Goldman Sachs Group

Brixmor Property Group (NYSE:BRX) had its price target upped by The Goldman Sachs Group from $26.00 to $29.00 in a research report report published on Thursday, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

A number of other equities research analysts also recently issued reports on the company. Evercore ISI upgraded Brixmor Property Group to a hold rating in a research report on Tuesday. Compass Point increased their price objective on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock a buy rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Brixmor Property Group from $26.00 to $28.00 and gave the stock an overweight rating in a report on Wednesday. Piper Sandler reissued an overweight rating and issued a $33.00 price objective (up from $30.00) on shares of Brixmor Property Group in a research report on Wednesday. Finally, StockNews.com downgraded shares of Brixmor Property Group from a buy rating to a hold rating in a research note on Monday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group has an average rating of Moderate Buy and an average price target of $26.75.

Brixmor Property Group Price Performance

BRX stock traded down $0.19 during midday trading on Thursday, hitting $25.36. The company’s stock had a trading volume of 473,107 shares, compared to its average volume of 2,358,280. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 4.41 and a beta of 1.57. The company has a quick ratio of 1.45, a current ratio of 1.50 and a debt-to-equity ratio of 1.88. Brixmor Property Group has a 12 month low of $19.46 and a 12 month high of $26.41. The company has a 50 day moving average of $23.10 and a two-hundred day moving average of $22.64.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The firm had revenue of $315.69 million for the quarter, compared to the consensus estimate of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, analysts expect that Brixmor Property Group will post 2.13 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.2725 per share. The ex-dividend date is Wednesday, October 2nd. This represents a $1.09 dividend on an annualized basis and a yield of 4.30%. Brixmor Property Group’s dividend payout ratio is presently 117.21%.

Insider Buying and Selling at Brixmor Property Group

In other news, insider Steven F. Siegel 10,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.76% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brixmor Property Group

A number of large investors have recently bought and sold shares of BRX. Fifth Third Bancorp increased its holdings in Brixmor Property Group by 19.1% in the 2nd quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 431 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Brixmor Property Group by 5.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,640 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 481 shares during the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of Brixmor Property Group by 50.7% in the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 775 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Brixmor Property Group by 0.5% in the fourth quarter. M&T Bank Corp now owns 162,941 shares of the real estate investment trust’s stock worth $3,792,000 after acquiring an additional 810 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Brixmor Property Group by 45.5% during the second quarter. GAMMA Investing LLC now owns 2,888 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 903 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

About Brixmor Property Group

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.