Brixmor Property Group (NYSE:BRX) Price Target Cut to $31.00 by Analysts at Evercore ISI

Brixmor Property Group (NYSE:BRX) had its price target lowered by Evercore ISI from $32.00 to $31.00 in a research note published on Tuesday,Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.

BRX has been the topic of several other reports. KeyCorp lifted their price objective on Brixmor Property Group from $28.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Scotiabank upped their price target on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a report on Monday, November 25th. Wells Fargo & Company raised their price objective on shares of Brixmor Property Group from $24.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Mizuho upped their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their price target on Brixmor Property Group from $25.50 to $27.50 and gave the stock a “hold” rating in a research note on Tuesday, October 29th. Five research 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 a consensus target price of $30.19.

Brixmor Property Group Trading Up 0.1 %

NYSE BRX opened at $27.75 on Tuesday. The company’s fifty day simple moving average is $28.68 and its 200-day simple moving average is $26.58. The stock has a market cap of $8.38 billion, a P/E ratio of 25.69, a PEG ratio of 3.96 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 current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 1.85.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm had revenue of $320.68 million during the quarter, compared to analysts’ expectations of $320.22 million. During the same period in the previous year, the company earned $0.50 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Equities research analysts predict that Brixmor Property Group will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be given a $0.287 dividend. The ex-dividend date is Friday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.27. This represents a $1.15 annualized dividend and a yield of 4.14%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 106.48%.

Insider Activity

In related news, insider Steven F. Siegel sold 25,000 shares of the 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 transaction, the insider now directly owns 315,004 shares of the company’s stock, valued at $9,305,218.16. This represents a 7.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BRX. UMB Bank n.a. boosted its stake in Brixmor Property Group by 328.6% during the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 723 shares in the last quarter. Quarry LP boosted its stake in Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 364 shares in the last quarter. Maryland Capital Advisors Inc. bought a new position in Brixmor Property Group during the third quarter valued at about $46,000. Fifth Third Bancorp grew its holdings in Brixmor Property Group by 19.1% during the second quarter. Fifth Third Bancorp now owns 2,684 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 431 shares during the period. Finally, Blue Trust Inc. raised its position in Brixmor Property Group by 103.7% in the third quarter. Blue Trust Inc. now owns 2,844 shares of the real estate investment trust’s stock worth $79,000 after acquiring an additional 1,448 shares in the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

Brixmor Property Group Company Profile

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.