Shares of Brixmor Property Group Inc. (NYSE:BRX – Get Free Report) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $30.56.
BRX has been the topic of several recent research reports. Truist Financial lifted their target price on Brixmor Property Group from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Evercore ISI raised Brixmor Property Group from an “in-line” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Tuesday, February 11th. Scotiabank cut their target price on Brixmor Property Group from $32.00 to $30.00 and set a “sector outperform” rating on the stock in a report on Friday, February 28th. Stifel Nicolaus dropped their price objective on Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Finally, BMO Capital Markets raised Brixmor Property Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $33.00 in a research note on Friday, December 6th.
Read Our Latest Research Report on Brixmor Property Group
Brixmor Property Group Trading Up 1.0 %
Brixmor Property Group (NYSE:BRX – Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.31. Brixmor Property Group had a return on equity of 11.72% and a net margin of 26.40%. As a group, sell-side analysts predict that Brixmor Property Group will post 2.22 EPS for the current fiscal year.
Brixmor Property Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.2875 per share. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Wednesday, April 2nd. Brixmor Property Group’s payout ratio is currently 103.60%.
Institutional Trading of Brixmor Property Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in Brixmor Property Group during the 4th quarter worth approximately $26,000. Headlands Technologies LLC bought a new stake in Brixmor Property Group during the 4th quarter worth approximately $26,000. Smartleaf Asset Management LLC increased its holdings in Brixmor Property Group by 124.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 938 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 521 shares in the last quarter. Quarry LP increased its holdings in Brixmor Property Group by 36.3% during the 3rd quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 364 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Brixmor Property Group by 73.5% in the fourth quarter. UMB Bank n.a. now owns 1,636 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 693 shares in the last quarter. 98.43% of the stock is owned by institutional investors.
Brixmor Property Group Company Profile
Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.
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