StockNews.com lowered shares of Brixmor Property Group (NYSE:BRX – Get Rating) from a buy rating to a hold rating in a research report report published on Wednesday morning.
Other equities analysts also recently issued reports about the stock. Jefferies Financial Group downgraded shares of Brixmor Property Group from a hold rating to an underperform rating and lowered their target price for the stock from $29.00 to $20.00 in a report on Thursday, June 30th. Stifel Nicolaus reduced their target price on shares of Brixmor Property Group from $27.00 to $22.50 in a research report on Wednesday, July 6th. KeyCorp reduced their target price on shares of 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. Barclays cut their price objective on shares of Brixmor Property Group from $32.00 to $29.00 and set an overweight rating for the company in a research report on Friday, July 15th. Finally, Piper Sandler lowered their target price on Brixmor Property Group to $26.00 in a research note on Monday, July 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $24.89.
Get Brixmor Property Group alerts:Brixmor Property Group Stock Performance
Shares of BRX stock opened at $18.81 on Wednesday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.57 and a current ratio of 0.57. The company has a market capitalization of $5.64 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.30 and a beta of 1.55. The company's 50 day moving average price is $21.99 and its two-hundred day moving average price is $22.94. Brixmor Property Group has a 52 week low of $18.06 and a 52 week high of $27.19.
Brixmor Property Group Announces Dividend
The business also recently announced 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 of this dividend is Monday, October 3rd. This represents a $0.96 annualized dividend and a yield of 5.10%. Brixmor Property Group's dividend payout ratio is currently 98.97%.Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas boosted its stake in Brixmor Property Group by 6.9% in the 1st quarter. Teacher Retirement System of Texas now owns 61,425 shares of the real estate investment trust's stock worth $1,585,000 after purchasing an additional 3,938 shares during the period. Prospera Financial Services Inc bought a new position in Brixmor Property Group in the 1st quarter worth about $43,000. State Street Corp boosted its position in shares of Brixmor Property Group by 6.5% during the 4th quarter. State Street Corp now owns 14,684,959 shares of the real estate investment trust's stock valued at $373,145,000 after acquiring an additional 896,908 shares during the last quarter. Cerity Partners LLC bought a new stake in shares of Brixmor Property Group during the 1st quarter valued at about $206,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Brixmor Property Group by 10.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 109,157 shares of the real estate investment trust's stock valued at $2,817,000 after acquiring an additional 10,692 shares during the last quarter. Institutional investors own 97.35% of the company's stock.
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.
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