Brixmor Property Group Inc. (BRX) – What Are Investment Firms Saying About This Stock?

Brixmor Property Group Inc. (NYSE:BRX) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $32.95.

A number of equities research analysts have commented on the company. Mizuho reduced their price target on Brixmor Property Group from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, September 24th. Citigroup lowered their price objective on Brixmor Property Group from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday. Piper Sandler cut their price objective on Brixmor Property Group from $40.00 to $36.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Brixmor Property Group in a report on Thursday, October 29th. Finally, Wells Fargo & Company upgraded Brixmor Property Group to a “hold” rating in a report on Thursday, July 23rd.

Brixmor Property Group Stock Up 2.8%

NYSE:BRX opened at $30.25 on Friday. The firm’s 50 day simple moving average is $28.25 and its 200 day simple moving average is $29.58. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.81 and a quick ratio of 0.81. Brixmor Property Group has a one year low of $24.66 and a one year high of $32.86. The company has a market cap of $9.28 billion, a PE ratio of 22.08, a P/E/G ratio of 2.27 and a beta of 0.95.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 26th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.31). The business had revenue of $359.60 million during the quarter, compared to analyst estimates of $357.28 million. Brixmor Property Group had a net margin of 29.96% and a return on equity of 14.10%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.56 earnings per share. On average, research analysts anticipate that Brixmor Property Group will post 2.37 earnings per share for the current year.

Brixmor Property Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Tuesday, January 5th will be given a $0.33 dividend. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.3075. The ex-dividend date is Tuesday, January 5th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.4%. Brixmor Property Group’s dividend payout ratio is presently 96.35%.

Institutional Investors Weigh In On Brixmor Property Group

A number of institutional investors have recently modified their holdings of BRX. BlackRock Inc. bought a new stake in Brixmor Property Group during the second quarter valued at $1,265,950,000. Canada Pension Plan Investment Board acquired a new stake in Brixmor Property Group during the 2nd quarter worth about $180,406,000. Principal Financial Group Inc. grew its holdings in Brixmor Property Group by 686.1% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,486 shares of the real estate investment trust’s stock worth $149,083,000 after acquiring an additional 4,518,001 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Brixmor Property Group by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,790,090 shares of the real estate investment trust’s stock worth $137,955,000 after acquiring an additional 64,449 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Brixmor Property Group in the 2nd quarter worth about $122,922,000. 98.43% of the stock is owned by institutional investors.

About Brixmor Property Group

Brixmor Property Group Inc (NYSE: BRX) is a real estate investment trust that owns and operates open-air shopping centers across the United States. Its portfolio is primarily focused on grocery-anchored community and neighborhood centers located in established, densely populated markets.

The company leases retail space to a diverse mix of tenants, including grocery stores, restaurants, service businesses, health and wellness providers, and other essential retailers. Brixmor also manages property operations and pursues redevelopment, re-tenanting, and leasing initiatives designed to enhance the functionality and long-term value of its shopping centers.

Brixmor became a publicly traded company in 2013 after being separated from an ownership structure associated with Blackstone.