Brixmor Property Group (NYSE:BRX) PT Raised to $25.50

Brixmor Property Group (NYSE:BRX) had its price target raised by Stifel Nicolaus from $24.00 to $25.50 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a hold rating on the real estate investment trust’s stock.

BRX has been the topic of several other research reports. Mizuho reduced their price objective on shares of Brixmor Property Group from $24.00 to $23.00 and set a neutral rating on the stock in a research note on Thursday, May 23rd. StockNews.com lowered shares of Brixmor Property Group from a buy rating to a hold rating in a research report on Monday, July 29th. Wells Fargo & Company dropped their price target on shares of Brixmor Property Group from $25.00 to $24.00 and set an equal weight rating for the company in a research report on Tuesday, May 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set an overweight rating for the company in a research report on Monday, May 13th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $26.75.

Brixmor Property Group Stock Down 0.7 %

Shares of NYSE BRX opened at $25.37 on Tuesday. Brixmor Property Group has a 12-month low of $19.46 and a 12-month high of $26.41. The company has a market capitalization of $7.64 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 4.41 and a beta of 1.57. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.45. The firm’s 50-day moving average is $23.10 and its two-hundred day moving average is $22.64.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.29). The firm had revenue of $315.69 million for the quarter, compared to analysts’ expectations of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. Equities analysts anticipate that Brixmor Property Group will post 2.13 EPS for the current fiscal year.

Brixmor Property Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, October 2nd will be given a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group’s payout ratio is currently 117.20%.

Insider Transactions at Brixmor Property Group

In other news, insider Steven F. Siegel 10,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BRX. Pacer Advisors Inc. boosted its stake in shares of Brixmor Property Group by 117.9% in the fourth quarter. Pacer Advisors Inc. now owns 55,006 shares of the real estate investment trust’s stock valued at $1,280,000 after purchasing an additional 29,758 shares during the period. Vanderbilt University purchased a new position in shares of Brixmor Property Group in the fourth quarter valued at $265,000. New York State Teachers Retirement System boosted its stake in shares of Brixmor Property Group by 3.9% in the fourth quarter. New York State Teachers Retirement System now owns 342,436 shares of the real estate investment trust’s stock valued at $7,968,000 after purchasing an additional 12,777 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Brixmor Property Group by 29.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 176,675 shares of the real estate investment trust’s stock valued at $4,138,000 after purchasing an additional 39,997 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Brixmor Property Group in the fourth quarter valued at $324,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.

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.