Brixmor Property Group (NYSE:BRX – Get Rating) had its target price decreased by Evercore ISI from $24.00 to $23.00 in a research note issued to investors on Tuesday morning, The Fly reports. Evercore ISI currently has an in-line rating on the real estate investment trust's stock.
A number of other analysts have also issued reports on BRX. Piper Sandler lowered their target price on Brixmor Property Group to $26.00 in a report on Monday, July 4th. Truist Financial reduced their price objective on Brixmor Property Group from $29.00 to $26.00 and set a buy rating for the company in a research report on Tuesday, June 21st. Stifel Nicolaus reduced their price objective on Brixmor Property Group from $27.00 to $22.50 in a research report on Wednesday, July 6th. KeyCorp reduced their price objective on Brixmor Property Group from $29.00 to $26.00 and set an overweight rating for the company in a research report on Tuesday, June 28th. Finally, Credit Suisse Group assumed coverage on Brixmor Property Group in a research report on Wednesday, June 22nd. They issued an outperform rating and a $23.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $24.89.
Get Brixmor Property Group alerts:Brixmor Property Group Stock Performance
BRX opened at $18.38 on Tuesday. The firm has a market capitalization of $5.51 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 1.36 and a beta of 1.55. The stock's 50 day moving average price is $22.05 and its two-hundred day moving average price is $22.97. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 1.84. Brixmor Property Group has a 12-month low of $18.06 and a 12-month high of $27.19.
Brixmor Property Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Tuesday, October 4th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.96 annualized dividend and a dividend yield of 5.22%. Brixmor Property Group's dividend payout ratio is presently 98.97%.Hedge Funds Weigh In On Brixmor Property Group
Several hedge funds and other institutional investors have recently made changes to their positions in BRX. Dynamic Advisor Solutions LLC lifted its holdings in Brixmor Property Group by 4.9% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 8,978 shares of the real estate investment trust's stock valued at $232,000 after purchasing an additional 420 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Brixmor Property Group by 2.0% during the 2nd quarter. Van ECK Associates Corp now owns 27,216 shares of the real estate investment trust's stock valued at $550,000 after purchasing an additional 534 shares during the last quarter. Navellier & Associates Inc. lifted its holdings in Brixmor Property Group by 1.3% during the 1st quarter. Navellier & Associates Inc. now owns 40,752 shares of the real estate investment trust's stock valued at $1,052,000 after purchasing an additional 542 shares during the last quarter. State of Michigan Retirement System lifted its holdings in Brixmor Property Group by 0.8% during the 2nd quarter. State of Michigan Retirement System now owns 76,207 shares of the real estate investment trust's stock valued at $1,540,000 after purchasing an additional 600 shares during the last quarter. Finally, Beacon Pointe Advisors LLC lifted its holdings in Brixmor Property Group by 5.3% during the 1st quarter. Beacon Pointe Advisors LLC now owns 12,535 shares of the real estate investment trust's stock valued at $324,000 after purchasing an additional 631 shares during the last quarter. 97.35% of the stock is owned by institutional investors.
Brixmor Property Group Company Profile
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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.
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