ValuEngine upgraded shares of Brixmor Property Group Inc. (NYSE:BRX) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Other analysts have also issued reports about the company. Mizuho raised Brixmor Property Group from a neutral rating to a buy rating and set a $22.00 target price for the company in a research report on Monday, August 14th. Barclays PLC decreased their target price on Brixmor Property Group from $22.00 to $21.00 and set an equal weight rating for the company in a research report on Tuesday, July 18th. Royal Bank Of Canada reaffirmed a hold rating and issued a $23.00 target price on shares of Brixmor Property Group in a research report on Monday, June 19th. Zacks Investment Research raised Brixmor Property Group from a sell rating to a hold rating in a research report on Friday, August 4th. Finally, Boenning Scattergood reaffirmed a hold rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Brixmor Property Group currently has a consensus rating of Hold and an average target price of $23.50.

Brixmor Property Group (NYSE:BRX) traded down 0.933% on Monday, reaching $18.585. The company’s stock had a trading volume of 680,392 shares. Brixmor Property Group has a 52-week low of $17.35 and a 52-week high of $27.24. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 19.042 and a beta of 0.53. The firm’s 50-day moving average price is $18.96 and its 200-day moving average price is $19.33.

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

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The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 4th. This represents a $1.04 dividend on an annualized basis and a yield of 5.54%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 106.12%.

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

A number of hedge funds have recently added to or reduced their stakes in BRX. Pacer Advisors Inc. boosted its stake in Brixmor Property Group by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 554 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Brixmor Property Group by 159.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 5,203 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Brixmor Property Group by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 1,420 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Brixmor Property Group by 58.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock valued at $172,000 after purchasing an additional 3,538 shares during the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Brixmor Property Group by 38.8% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 2,600 shares during the last quarter.

About Brixmor Property Group

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.

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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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