Brixmor Property Group Inc (BRX) Given Consensus Recommendation of “Hold” by Brokerages

Brixmor Property Group Inc (NYSE:BRX) has earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $18.50.

A number of brokerages have issued reports on BRX. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. ValuEngine raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Barclays reissued a “hold” rating and issued a $17.00 price target on shares of Brixmor Property Group in a research note on Wednesday, March 6th. BMO Capital Markets reissued a “hold” rating and issued a $17.00 price target on shares of Brixmor Property Group in a research note on Monday, February 11th. Finally, Stifel Nicolaus raised their price target on Brixmor Property Group from $17.50 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th.

NYSE:BRX traded up $0.29 during mid-day trading on Thursday, reaching $18.25. The company’s stock had a trading volume of 2,140,762 shares, compared to its average volume of 3,635,605. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.74. Brixmor Property Group has a twelve month low of $14.11 and a twelve month high of $18.71. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 2.13 and a beta of 0.75.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.26). Brixmor Property Group had a return on equity of 12.96% and a net margin of 30.47%. The business had revenue of $291.10 million during the quarter, compared to analyst estimates of $290.85 million. During the same period in the previous year, the business posted $0.51 earnings per share. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. As a group, research analysts forecast that Brixmor Property Group will post 1.89 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, July 5th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 6.14%. The ex-dividend date is Wednesday, July 3rd. Brixmor Property Group’s dividend payout ratio is currently 60.54%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Brixmor Property Group by 61.1% in the 1st quarter. BlackRock Inc. now owns 36,138,525 shares of the real estate investment trust’s stock valued at $663,868,000 after purchasing an additional 13,704,777 shares in the last quarter. Morgan Stanley lifted its stake in shares of Brixmor Property Group by 9.2% in the 3rd quarter. Morgan Stanley now owns 10,528,243 shares of the real estate investment trust’s stock valued at $184,349,000 after purchasing an additional 885,944 shares in the last quarter. Lasalle Investment Management Securities LLC lifted its stake in shares of Brixmor Property Group by 11.2% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 5,753,986 shares of the real estate investment trust’s stock valued at $84,526,000 after purchasing an additional 578,391 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in shares of Brixmor Property Group by 19.1% in the 1st quarter. Centersquare Investment Management LLC now owns 5,543,313 shares of the real estate investment trust’s stock valued at $101,830,000 after purchasing an additional 890,450 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Brixmor Property Group by 10.3% in the 1st quarter. Renaissance Technologies LLC now owns 5,280,300 shares of the real estate investment trust’s stock valued at $96,999,000 after purchasing an additional 493,500 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.

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 425 retail centers comprise approximately 74 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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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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