Brixmor Property Group (NYSE:BRX) Upgraded to Hold at Evercore ISI

Evercore ISI upgraded shares of Brixmor Property Group (NYSE:BRX) to a hold rating in a research note published on Tuesday, Zacks.com reports.

BRX has been the topic of a number of other reports. Stifel Nicolaus boosted their price target on shares of Brixmor Property Group from $24.00 to $25.50 and gave the stock a hold rating in a research note on Tuesday. Piper Sandler reaffirmed an overweight rating and set a $33.00 target price (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday. Mizuho decreased their price target on shares of Brixmor Property Group from $24.00 to $23.00 and set a neutral rating for the company in a research report on Thursday, May 23rd. Wells Fargo & Company cut their price objective on Brixmor Property Group from $25.00 to $24.00 and set an equal weight rating on the stock in a research report on Tuesday, May 28th. Finally, StockNews.com cut Brixmor Property Group from a buy rating to a hold rating in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $26.75.

Brixmor Property Group Stock Down 0.7 %

BRX stock opened at $25.37 on Tuesday. Brixmor Property Group has a one year low of $19.46 and a one year high of $26.41. The firm has a market cap of $7.64 billion, a PE ratio of 27.28, a PEG ratio of 4.41 and a beta of 1.57. The firm’s 50 day moving average price is $23.10 and its 200-day moving average price is $22.64. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.45 and a current ratio of 1.50.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). The business had revenue of $315.69 million during the quarter, compared to analyst estimates of $317.75 million. Brixmor Property Group had a net margin of 23.45% and a return on equity of 10.34%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.52 EPS. On average, equities research analysts anticipate that Brixmor Property Group will post 2.13 EPS for the current year.

Brixmor Property Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be issued a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is 117.20%.

Insider Activity

In other Brixmor Property Group news, insider Steven F. Siegel 10,000 shares of the stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.76% of the company’s stock.

Hedge Funds Weigh In On Brixmor Property Group

Several hedge funds have recently made changes to their positions in BRX. Oliver Luxxe Assets LLC acquired a new stake in Brixmor Property Group during the 4th quarter worth $851,000. Quest Partners LLC acquired a new position in Brixmor Property Group in the 4th quarter valued at about $1,572,000. Schroder Investment Management Group increased its position in Brixmor Property Group by 4.9% in 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 acquiring an additional 89,445 shares during the period. 1832 Asset Management L.P. acquired a new stake in Brixmor Property Group during the 1st quarter worth approximately $16,964,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brixmor Property Group by 28.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 185,880 shares of the real estate investment trust’s stock worth $4,325,000 after acquiring 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.