Shares of Brixmor Property Group Inc. (NYSE:BRX) have been assigned an average recommendation of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.23.
BRX has been the topic of several analyst reports. Bank of America raised Brixmor Property Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $17.00 to $18.50 in a research note on Tuesday, January 19th. Zacks Investment Research downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 14th. Mizuho boosted their price target on shares of Brixmor Property Group from $16.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, February 23rd. Truist raised their price objective on Brixmor Property Group from $17.00 to $20.00 in a research note on Friday, March 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $22.00 target price (up from $20.00) on shares of Brixmor Property Group in a research note on Monday, March 15th.
Shares of BRX traded up $0.54 on Monday, reaching $22.46. 1,679,307 shares of the company’s stock were exchanged, compared to its average volume of 2,413,107. The business has a 50 day moving average price of $21.31 and a two-hundred day moving average price of $18.08. Brixmor Property Group has a 12 month low of $8.97 and a 12 month high of $23.10. The stock has a market capitalization of $6.67 billion, a P/E ratio of 42.38 and a beta of 1.63. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 2.02.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15th. Stockholders of record on Tuesday, July 6th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Friday, July 2nd. This represents a $0.86 dividend on an annualized basis and a dividend yield of 3.83%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 45.03%.
In other Brixmor Property Group news, insider Carolyn Carter Singh sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 26th. The stock was sold at an average price of $22.00, for a total transaction of $110,000.00. Following the transaction, the insider now owns 233,768 shares of the company’s stock, valued at approximately $5,142,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven F. Siegel sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $20.72, for a total value of $155,400.00. Following the sale, the insider now owns 350,632 shares in the company, valued at approximately $7,265,095.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,000 shares of company stock valued at $636,800. 0.44% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Inspire Advisors LLC acquired a new stake in Brixmor Property Group in the 4th quarter valued at about $28,000. Gryphon Financial Partners LLC bought a new position in shares of Brixmor Property Group during the 1st quarter worth approximately $44,000. Acadian Asset Management LLC acquired a new position in shares of Brixmor Property Group during the 1st quarter worth approximately $55,000. TD Ameritrade Investment Management LLC bought a new stake in Brixmor Property Group in the 4th quarter valued at $78,000. Finally, Cerity Partners LLC bought a new position in Brixmor Property Group during the fourth quarter worth $193,000. 98.38% of the stock is owned by 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 395 retail centers comprise approximately 69 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.
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