Brixmor Property Group Inc. (NYSE:BRX) Receives $27.33 Average PT from Brokerages

Brixmor Property Group Inc. (NYSE:BRXGet Rating) has earned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $27.33.

Several brokerages recently commented on BRX. Mizuho cut their price target on shares of Brixmor Property Group from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, February 15th. Wells Fargo & Company boosted their price objective on shares of Brixmor Property Group from $24.00 to $26.00 and gave the company an “equal weight” rating in a research report on Thursday, April 7th. StockNews.com initiated coverage on shares of Brixmor Property Group in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Jefferies Financial Group raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $25.00 to $29.00 in a research report on Monday, January 10th. Finally, KeyCorp boosted their price objective on shares of Brixmor Property Group from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, January 13th.

Shares of Brixmor Property Group stock traded down $1.14 during trading hours on Monday, reaching $25.38. The company’s stock had a trading volume of 2,802,621 shares, compared to its average volume of 1,944,611. The firm has a 50 day moving average price of $25.44 and a 200-day moving average price of $24.91. Brixmor Property Group has a one year low of $21.01 and a one year high of $27.19. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market cap of $7.56 billion, a P/E ratio of 28.20, a P/E/G ratio of 1.87 and a beta of 1.62.

Brixmor Property Group (NYSE:BRXGet Rating) last posted its earnings results on Monday, February 7th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. The firm had revenue of $295.32 million for the quarter, compared to the consensus estimate of $285.40 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.02%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.33 EPS. As a group, sell-side analysts forecast that Brixmor Property Group will post 1.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Tuesday, April 5th were given a dividend of $0.24 per share. The ex-dividend date was Monday, April 4th. This represents a $0.96 dividend on an annualized basis and a yield of 3.78%. Brixmor Property Group’s payout ratio is 106.67%.

In other Brixmor Property Group news, CEO James M. Taylor, Jr. sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 19th. The shares were sold at an average price of $26.50, for a total transaction of $530,000.00. Following the transaction, the chief executive officer now owns 506,661 shares in the company, valued at approximately $13,426,516.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian T. Finnegan sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $25.84, for a total transaction of $129,200.00. Following the transaction, the insider now owns 150,682 shares in the company, valued at approximately $3,893,622.88. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock valued at $1,815,950 in the last three months. 0.64% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of Brixmor Property Group by 17.5% in the fourth quarter. JPMorgan Chase & Co. now owns 30,237,387 shares of the real estate investment trust’s stock worth $768,332,000 after acquiring an additional 4,493,274 shares during the period. Norges Bank acquired a new stake in shares of Brixmor Property Group in the fourth quarter worth $75,388,000. Invesco Ltd. increased its stake in shares of Brixmor Property Group by 30.1% in the third quarter. Invesco Ltd. now owns 9,158,057 shares of the real estate investment trust’s stock worth $202,485,000 after acquiring an additional 2,116,347 shares during the period. BlackRock Inc. increased its stake in shares of Brixmor Property Group by 6.1% in the fourth quarter. BlackRock Inc. now owns 35,956,258 shares of the real estate investment trust’s stock worth $913,647,000 after acquiring an additional 2,078,502 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Brixmor Property Group by 630.1% in the third quarter. Millennium Management LLC now owns 1,130,618 shares of the real estate investment trust’s stock worth $24,998,000 after acquiring an additional 975,756 shares during the period. Institutional investors and hedge funds own 95.21% of the company’s stock.

About Brixmor Property Group (Get Rating)

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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