Brixmor Property Group (NYSE:BRX) Upgraded at StockNews.com

StockNews.com upgraded shares of Brixmor Property Group (NYSE:BRX) from a hold rating to a buy rating in a research note published on Monday.

Several other equities analysts also recently issued reports on BRX. JPMorgan Chase & Co. cut their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an overweight rating on the stock in a report on Monday, May 13th. Truist Financial reaffirmed a buy rating and issued a $25.00 price target on shares of Brixmor Property Group in a report on Monday, March 25th. Wells Fargo & Company dropped their price objective on shares of Brixmor Property Group from $25.00 to $24.00 and set an equal weight rating on the stock in a report on Tuesday, May 28th. The Goldman Sachs Group reduced their target price on Brixmor Property Group from $28.00 to $27.00 and set a buy rating for the company in a research note on Wednesday, March 27th. Finally, Mizuho dropped their price target on Brixmor Property Group from $24.00 to $23.00 and set a neutral rating on the stock in a research note on Thursday, May 23rd. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Brixmor Property Group presently has a consensus rating of Moderate Buy and an average target price of $25.13.

Brixmor Property Group Price Performance

Shares of BRX opened at $22.73 on Monday. The company has a 50 day moving average of $22.28 and a two-hundred day moving average of $22.49. The company has a market cap of $6.85 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 2.79 and a beta of 1.57. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.86. Brixmor Property Group has a twelve month low of $19.46 and a twelve month high of $24.47.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.22). Brixmor Property Group had a return on equity of 9.84% and a net margin of 22.47%. The business had revenue of $320.24 million during the quarter, compared to analyst estimates of $314.82 million. During the same period in the previous year, the business earned $0.50 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, analysts predict that Brixmor Property Group will post 2.11 earnings per share for the current fiscal year.

Brixmor Property Group Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, July 2nd will be issued a $0.2725 dividend. This represents a $1.09 annualized dividend and a yield of 4.80%. The ex-dividend date is Tuesday, July 2nd. Brixmor Property Group’s payout ratio is 117.21%.

Hedge Funds Weigh In On Brixmor Property Group

A number of institutional investors have recently modified their holdings of BRX. Oliver Luxxe Assets LLC purchased a new stake in shares of Brixmor Property Group in the fourth quarter worth about $851,000. Quest Partners LLC acquired a new stake in shares of Brixmor Property Group during the 4th quarter worth approximately $1,572,000. Schroder Investment Management Group increased its holdings in shares of Brixmor Property Group by 4.9% during the 4th quarter. Schroder Investment Management Group now owns 1,904,192 shares of the real estate investment trust’s stock valued at $44,311,000 after purchasing an additional 89,445 shares in the last quarter. Chilton Capital Management LLC purchased a new position in shares of Brixmor Property Group during the 4th quarter valued at approximately $7,510,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Brixmor Property Group by 28.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 185,880 shares of the real estate investment trust’s stock valued at $4,325,000 after purchasing an additional 40,675 shares during the period. Hedge funds and other institutional investors own 98.43% of the company’s stock.

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 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.