Brixmor Property Group Inc. (NYSE:BRX – Get Rating) has been given a consensus rating of "Moderate Buy" by the sixteen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $24.89.
Several equities research analysts recently issued reports on BRX shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Brixmor Property Group from $28.00 to $23.00 in a research note on Monday, July 11th. Jefferies Financial Group lowered Brixmor Property Group from a "hold" rating to an "underperform" rating and dropped their price objective for the company from $29.00 to $20.00 in a research note on Thursday, June 30th. KeyCorp dropped their price objective on Brixmor Property Group from $29.00 to $26.00 and set an "overweight" rating for the company in a research note on Tuesday, June 28th. Barclays dropped their price target on Brixmor Property Group from $32.00 to $29.00 and set an "overweight" rating for the company in a research note on Friday, July 15th. Finally, JPMorgan Chase & Co. raised Brixmor Property Group from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $27.00 to $25.00 in a research note on Wednesday, June 22nd.
Get Brixmor Property Group alerts:Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Ronald Blue Trust Inc. purchased a new position in Brixmor Property Group during the 2nd quarter valued at about $26,000. Prospera Financial Services Inc purchased a new position in Brixmor Property Group during the 1st quarter valued at about $43,000. Brown Brothers Harriman & Co. purchased a new position in Brixmor Property Group during the 1st quarter valued at about $43,000. Covestor Ltd increased its holdings in Brixmor Property Group by 170.2% during the 1st quarter. Covestor Ltd now owns 1,840 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 1,159 shares during the period. Finally, Ellevest Inc. increased its holdings in Brixmor Property Group by 205.5% during the 1st quarter. Ellevest Inc. now owns 1,894 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 1,274 shares during the period. Hedge funds and other institutional investors own 97.35% of the company's stock.
Brixmor Property Group Price Performance
NYSE:BRX opened at $18.81 on Thursday. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 1.30 and a beta of 1.55. Brixmor Property Group has a 52-week low of $18.06 and a 52-week high of $27.19. The stock has a fifty day moving average of $21.99 and a 200 day moving average of $22.94. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.57 and a current ratio of 0.57.Brixmor Property Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Tuesday, October 4th will be issued a $0.24 dividend. The ex-dividend date is Monday, October 3rd. This represents a $0.96 annualized dividend and a dividend yield of 5.10%. Brixmor Property Group's dividend payout ratio is currently 98.97%.
Brixmor Property Group Company Profile
(Get Rating)
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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