Shares of Brixmor Property Group Inc (NYSE:BRX) have received a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.50.

A number of brokerages have recently issued reports on BRX. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 15th. ValuEngine upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Barclays restated a “hold” rating and issued a $17.00 price objective on shares of Brixmor Property Group in a research note on Wednesday, March 6th. BMO Capital Markets reiterated a “hold” rating and set a $17.00 target price on shares of Brixmor Property Group in a research report on Monday, February 11th. Finally, Stifel Nicolaus increased their target price on shares of Brixmor Property Group from $17.50 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th.

Shares of BRX stock traded down $0.18 during mid-day trading on Thursday, reaching $18.00. The company’s stock had a trading volume of 2,395,600 shares, compared to its average volume of 3,608,088. Brixmor Property Group has a 1-year low of $14.11 and a 1-year high of $18.71. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 2.15 and a beta of 0.75. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.52 and a current ratio of 0.52.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.26). Brixmor Property Group had a net margin of 30.47% and a return on equity of 12.96%. The business had revenue of $291.10 million during the quarter, compared to analyst estimates of $290.85 million. During the same quarter in the prior year, the company posted $0.51 EPS. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. On average, sell-side analysts predict that Brixmor Property Group will post 1.89 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, July 5th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date of this dividend is Wednesday, July 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 60.54%.

Several institutional investors have recently made changes to their positions in BRX. Nwam LLC increased its position in Brixmor Property Group by 2.0% in the 1st quarter. Nwam LLC now owns 32,885 shares of the real estate investment trust’s stock valued at $604,000 after acquiring an additional 651 shares in the last quarter. Natixis Advisors L.P. increased its position in Brixmor Property Group by 1.8% in the 4th quarter. Natixis Advisors L.P. now owns 40,087 shares of the real estate investment trust’s stock valued at $588,000 after acquiring an additional 722 shares in the last quarter. Advisors Asset Management Inc. increased its position in Brixmor Property Group by 2.6% in the 4th quarter. Advisors Asset Management Inc. now owns 34,845 shares of the real estate investment trust’s stock valued at $512,000 after acquiring an additional 873 shares in the last quarter. State of Alaska Department of Revenue increased its position in Brixmor Property Group by 0.9% in the 1st quarter. State of Alaska Department of Revenue now owns 132,198 shares of the real estate investment trust’s stock valued at $2,427,000 after acquiring an additional 1,180 shares in the last quarter. Finally, Utah Retirement Systems increased its position in Brixmor Property Group by 1.3% in the 4th quarter. Utah Retirement Systems now owns 92,345 shares of the real estate investment trust’s stock valued at $1,357,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 98.23% of the company’s stock.

Brixmor Property Group Company Profile

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 425 retail centers comprise approximately 74 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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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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