Brixmor Property Group (NYSE:BRX) Given New $31.25 Price Target at Stifel Nicolaus

Brixmor Property Group (NYSE:BRX) had its price objective cut by Stifel Nicolaus from $31.75 to $31.25 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Several other research firms also recently weighed in on BRX. Mizuho boosted their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $30.00 to $33.00 in a research report on Friday, December 6th. KeyCorp raised their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Evercore ISI upgraded Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Tuesday. Finally, Scotiabank raised their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the stock a “sector outperform” rating in a research report on Monday, November 25th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Brixmor Property Group has a consensus rating of “Moderate Buy” and an average target price of $30.69.

Brixmor Property Group Trading Up 4.2 %

NYSE BRX opened at $27.27 on Tuesday. The firm has a market cap of $8.24 billion, a PE ratio of 25.25, a price-to-earnings-growth ratio of 2.54 and a beta of 1.58. Brixmor Property Group has a 52 week low of $20.80 and a 52 week high of $30.67. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The company has a 50 day moving average price of $27.23 and a 200 day moving average price of $27.44.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.48% and a net margin of 25.81%. As a group, sell-side analysts forecast that Brixmor Property Group will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be given a $0.2875 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.22%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. Brixmor Property Group’s dividend payout ratio is 106.48%.

Insider Activity

In other news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $29.54, for a total value of $738,500.00. Following the completion of the sale, the insider now directly owns 315,004 shares in the company, valued at $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Brixmor Property Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA raised its position in shares of Brixmor Property Group by 222.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 37,706 shares of the real estate investment trust’s stock worth $1,050,000 after purchasing an additional 26,000 shares during the last quarter. Vestcor Inc purchased a new stake in Brixmor Property Group during the 3rd quarter worth approximately $776,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Brixmor Property Group by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,959,993 shares of the real estate investment trust’s stock valued at $138,185,000 after acquiring an additional 159,388 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Brixmor Property Group by 95.0% in the fourth quarter. Park Avenue Securities LLC now owns 25,852 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 12,593 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Brixmor Property Group by 33.3% in the third quarter. Natixis Advisors LLC now owns 147,477 shares of the real estate investment trust’s stock valued at $4,108,000 after acquiring an additional 36,823 shares in the last quarter. 98.43% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.