Shares of Brixmor Property Group Inc. (NYSE:BRX – Get Rating) have been given an average rating of "Moderate Buy" by the seventeen brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $24.97.
Several brokerages have weighed in on BRX. Barclays decreased their price objective on shares of Brixmor Property Group from $32.00 to $29.00 and set an "overweight" rating on the stock in a research note on Friday, July 15th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Brixmor Property Group from $28.00 to $23.00 in a research note on Monday, July 11th. Credit Suisse Group assumed coverage on shares of Brixmor Property Group in a research note on Wednesday, June 22nd. They set an "outperform" rating and a $23.00 price target on the stock. Stifel Nicolaus decreased their price target on shares of Brixmor Property Group from $27.00 to $22.50 in a research note on Wednesday, July 6th. Finally, Evercore ISI increased their price target on shares of Brixmor Property Group to $24.00 in a research note on Tuesday, August 9th.
Get Brixmor Property Group alerts:Hedge Funds Weigh In On Brixmor Property Group
Hedge funds and other institutional investors have recently bought and sold shares of the business. Ronald Blue Trust Inc. acquired a new stake in Brixmor Property Group in the second quarter worth $26,000. Prospera Financial Services Inc acquired a new stake in Brixmor Property Group in the first quarter worth $43,000. Brown Brothers Harriman & Co. acquired a new stake in Brixmor Property Group in the first quarter worth $43,000. Covestor Ltd raised its holdings in Brixmor Property Group by 170.2% in the first quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 1,159 shares during the period. Finally, Ellevest Inc. raised its holdings in shares of Brixmor Property Group by 205.5% during the first quarter. Ellevest Inc. now owns 1,894 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 1,274 shares during the period. 97.35% of the stock is owned by institutional investors.
Brixmor Property Group Price Performance
Shares of Brixmor Property Group stock opened at $21.61 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 1.55 and a beta of 1.55. Brixmor Property Group has a 1-year low of $19.42 and a 1-year high of $27.19. The firm's 50-day moving average price is $21.90 and its two-hundred day moving average price is $23.50.Brixmor Property Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, October 4th will be paid a $0.24 dividend. The ex-dividend date is Monday, October 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 4.44%. Brixmor Property Group's payout ratio is presently 98.97%.
About Brixmor Property Group
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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 395 retail centers comprise approximately 69 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.
Further Reading
- Get a free copy of the StockNews.com research report on Brixmor Property Group (BRX)
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