Brixmor Property Group Inc. (NYSE:BRX) has earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $23.50.

Several brokerages have recently commented on BRX. Boenning Scattergood raised shares of Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Tuesday, September 12th. BMO Capital Markets began coverage on shares of Brixmor Property Group in a research report on Monday, September 11th. They set a “market perform” rating and a $20.00 price objective for the company. ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of Brixmor Property Group in a research report on Friday, August 25th. Finally, Mizuho raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Monday, August 14th.

In related news, insider James M. Taylor, Jr. bought 15,600 shares of Brixmor Property Group stock in a transaction on Thursday, August 17th. The stock was acquired at an average price of $19.24 per share, with a total value of $300,144.00. Following the acquisition, the insider now directly owns 224,793 shares of the company’s stock, valued at $4,325,017.32. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John Schreiber bought 10,000 shares of Brixmor Property Group stock in a transaction on Wednesday, August 23rd. The shares were bought at an average cost of $18.72 per share, with a total value of $187,200.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $374,400. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

A number of hedge funds have recently bought and sold shares of BRX. BlackRock Inc. grew its holdings in Brixmor Property Group by 2,015.3% during the 1st quarter. BlackRock Inc. now owns 21,523,219 shares of the real estate investment trust’s stock valued at $461,888,000 after buying an additional 20,505,706 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Brixmor Property Group by 50.6% during the 1st quarter. Nuveen Asset Management LLC now owns 4,610,796 shares of the real estate investment trust’s stock valued at $98,948,000 after buying an additional 1,549,548 shares in the last quarter. First Manhattan Co. grew its holdings in Brixmor Property Group by 399.3% during the 2nd quarter. First Manhattan Co. now owns 1,537,970 shares of the real estate investment trust’s stock valued at $27,498,000 after buying an additional 1,229,970 shares in the last quarter. State Street Corp grew its holdings in Brixmor Property Group by 12.0% during the 2nd quarter. State Street Corp now owns 10,792,595 shares of the real estate investment trust’s stock valued at $192,965,000 after buying an additional 1,159,181 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Brixmor Property Group by 42.9% during the 1st quarter. Morgan Stanley now owns 3,625,868 shares of the real estate investment trust’s stock valued at $77,811,000 after buying an additional 1,089,278 shares in the last quarter.

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Brixmor Property Group (NYSE:BRX) opened at 18.67 on Friday. The firm has a market cap of $5.69 billion, a PE ratio of 19.13 and a beta of 0.54. The stock has a 50 day moving average of $19.24 and a 200 day moving average of $19.54. Brixmor Property Group has a 12-month low of $17.35 and a 12-month high of $29.14.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. The company had revenue of $322.80 million during the quarter, compared to the consensus estimate of $315.69 million. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 EPS. On average, equities research analysts anticipate that Brixmor Property Group will post $0.86 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio is currently 106.12%.

Brixmor Property Group Company Profile

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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