Brixmor Property Group Inc (BRX) Receives Average Rating of “Hold” from Brokerages

Brixmor Property Group Inc (NYSE:BRX) has earned a consensus rating of “Hold” from the sixteen brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $18.28.

BRX has been the subject of several recent research reports. JPMorgan Chase & Co. downgraded shares of Brixmor Property Group from an “overweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. Wells Fargo & Co lowered their price objective on shares of Brixmor Property Group from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, November 12th. ValuEngine raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. BMO Capital Markets reaffirmed a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a research note on Monday, February 11th. Finally, Zacks Investment Research downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th.

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Several large investors have recently modified their holdings of BRX. First Hawaiian Bank raised its stake in shares of Brixmor Property Group by 231.7% during the fourth quarter. First Hawaiian Bank now owns 6,900 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 4,820 shares during the last quarter. Prudential PLC purchased a new position in shares of Brixmor Property Group during the fourth quarter valued at about $154,000. Private Advisor Group LLC purchased a new position in shares of Brixmor Property Group during the fourth quarter valued at about $184,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Brixmor Property Group during the fourth quarter valued at about $190,000. Finally, AlphaCrest Capital Management LLC purchased a new position in shares of Brixmor Property Group during the fourth quarter valued at about $222,000. 98.80% of the stock is owned by hedge funds and other institutional investors.

Brixmor Property Group stock opened at $17.30 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 2.60 and a beta of 0.79. Brixmor Property Group has a twelve month low of $13.84 and a twelve month high of $18.71.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 11th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.17). The business had revenue of $297.66 million during the quarter, compared to the consensus estimate of $302.22 million. Brixmor Property Group had a return on equity of 12.82% and a net margin of 29.67%. On average, equities analysts anticipate that Brixmor Property Group will post 1.9 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Thursday, April 4th. Brixmor Property Group’s dividend payout ratio (DPR) is 60.54%.

About Brixmor Property Group

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 445 retail centers comprise approximately 77 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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