Mizuho reiterated their buy rating on shares of Brixmor Property Group (NYSE:BRX) in a research report sent to investors on Friday, November 10th. The brokerage currently has a $19.50 target price on the real estate investment trust’s stock.
Other research analysts have also recently issued research reports about the company. Royal Bank Of Canada reaffirmed a hold rating and set a $23.00 target price on shares of Brixmor Property Group in a research note on Wednesday, August 2nd. Zacks Investment Research lowered Brixmor Property Group from a hold rating to a sell rating in a report on Tuesday, July 18th. Barclays lowered their price target on Brixmor Property Group from $22.00 to $21.00 and set an equal weight rating for the company in a report on Tuesday, July 18th. KeyCorp reiterated a hold rating on shares of Brixmor Property Group in a report on Friday, August 25th. Finally, Boenning Scattergood reiterated a hold rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Brixmor Property Group presently has a consensus rating of Hold and an average price target of $23.11.
Brixmor Property Group (BRX) traded up $0.02 on Friday, hitting $18.24. The stock had a trading volume of 2,028,000 shares, compared to its average volume of 2,849,421. The company has a market capitalization of $5,595.60, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.94 and a beta of 0.51. Brixmor Property Group has a 1 year low of $17.23 and a 1 year high of $25.34. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.70.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be issued a $0.275 dividend. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.03%. Brixmor Property Group’s payout ratio is presently 98.11%.
In other news, EVP Mark Horgan purchased 3,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average price of $17.64 per share, for a total transaction of $52,920.00. Following the completion of the acquisition, the executive vice president now owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of BRX. BlackRock Inc. lifted its holdings in Brixmor Property Group by 35.0% during the second quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock worth $519,713,000 after buying an additional 7,543,528 shares during the period. Presima Inc. purchased a new stake in Brixmor Property Group during the third quarter worth $24,750,000. First Manhattan Co. lifted its holdings in Brixmor Property Group by 399.3% during the second quarter. First Manhattan Co. now owns 1,537,970 shares of the real estate investment trust’s stock worth $27,498,000 after buying an additional 1,229,970 shares during the period. State Street Corp lifted its holdings in Brixmor Property Group by 12.0% during the second quarter. State Street Corp now owns 10,792,595 shares of the real estate investment trust’s stock worth $192,965,000 after buying an additional 1,159,181 shares during the period. Finally, Brookfield Asset Management Inc. lifted its holdings in Brixmor Property Group by 15.9% during the second quarter. Brookfield Asset Management Inc. now owns 6,618,651 shares of the real estate investment trust’s stock worth $118,341,000 after buying an additional 908,572 shares during the period. Institutional investors own 98.54% of the company’s stock.
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Brixmor Property Group Company Profile
Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.
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