Brixmor Property Group Inc. (NYSE:BRX) has earned an average rating of “Hold” from the fifteen brokerages that are currently covering the firm. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $28.11.

A number of equities research analysts have commented on BRX shares. Mitsubishi UFJ Financial Group started coverage on shares of Brixmor Property Group in a report on Wednesday, September 7th. They set an “outperform” rating and a $29.00 price objective on the stock. Stifel Nicolaus raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Monday, August 15th. They noted that the move was a valuation call. Deutsche Bank AG raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $27.00 to $30.00 in a report on Wednesday, August 17th. Evercore ISI raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Monday, August 22nd. Finally, Citigroup Inc. raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $28.00 to $31.00 in a report on Friday, August 12th.

Shares of Brixmor Property Group (NYSE:BRX) opened at 26.86 on Friday. The stock’s 50 day moving average is $27.60 and its 200-day moving average is $26.71. The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 34.44 and a beta of 0.55. Brixmor Property Group has a 12-month low of $19.91 and a 12-month high of $29.14.

Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 25th. The real estate investment trust reported $0.50 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. Brixmor Property Group had a net margin of 18.41% and a return on equity of 8.03%. The business had revenue of $295.43 million for the quarter, compared to analyst estimates of $315.21 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts anticipate that Brixmor Property Group will post $2.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Wednesday, October 5th were issued a $0.245 dividend. The ex-dividend date of this dividend was Monday, October 3rd. This represents a $0.98 annualized dividend and a dividend yield of 3.65%. Brixmor Property Group’s payout ratio is currently 127.27%.

In related news, major shareholder Brx Holdco Llc sold 42,400,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $27.30, for a total transaction of $1,157,520,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven F. Siegel sold 6,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $28.39, for a total value of $170,340.00. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in shares of Brixmor Property Group by 8.7% in the first quarter. Geode Capital Management LLC now owns 1,435,782 shares of the real estate investment trust’s stock worth $36,767,000 after buying an additional 114,447 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Brixmor Property Group by 3.7% in the first quarter. Pictet Asset Management Ltd. now owns 64,900 shares of the real estate investment trust’s stock worth $1,521,000 after buying an additional 2,300 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Brixmor Property Group during the first quarter worth $459,000. Rafferty Asset Management LLC boosted its position in shares of Brixmor Property Group by 49.2% in the first quarter. Rafferty Asset Management LLC now owns 22,829 shares of the real estate investment trust’s stock worth $585,000 after buying an additional 7,532 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Brixmor Property Group by 2.7% in the first quarter. State Street Corp now owns 5,851,431 shares of the real estate investment trust’s stock worth $149,916,000 after buying an additional 153,080 shares in the last quarter.

Brixmor Property Group Company Profile

Brixmor Property Group Inc and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership.

5 Day Chart for NYSE:BRX

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