Brixmor Property Group (BRX) Given a $19.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $19.00 price target on Brixmor Property Group (NYSE:BRX) in a research note published on Tuesday morning. The brokerage currently has a hold rating on the real estate investment trust’s stock.

BRX has been the subject of several other research reports. Barclays reaffirmed a hold rating and set a $22.00 price objective on shares of Brixmor Property Group in a research report on Monday, August 14th. Mizuho reaffirmed a buy rating and set a $19.50 price objective on shares of Brixmor Property Group in a research report on Friday, November 10th. Zacks Investment Research downgraded shares of Brixmor Property Group from a hold rating to a sell rating in a research report on Thursday, November 2nd. Boenning Scattergood set a $22.00 price objective on shares of Brixmor Property Group and gave the stock a buy rating in a research report on Wednesday, November 1st. Finally, ValuEngine raised shares of Brixmor Property Group from a hold rating to a buy rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $22.00.

Shares of Brixmor Property Group (NYSE:BRX) opened at $18.12 on Tuesday. The company has a market cap of $5,665.73, a P/E ratio of 8.81, a PEG ratio of 2.00 and a beta of 0.52. Brixmor Property Group has a 52-week low of $17.23 and a 52-week high of $25.34. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.24). The company had revenue of $314.50 million for the quarter, compared to analyst estimates of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. research analysts expect that Brixmor Property Group will post 2.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $1.10 annualized dividend and a yield of 6.07%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s dividend payout ratio (DPR) is presently 98.11%.

In other Brixmor Property Group news, EVP Mark Horgan purchased 3,000 shares of Brixmor Property Group stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average price of $17.64 per share, with a total value of $52,920.00. Following the transaction, the executive vice president now owns 56,703 shares in the company, valued at approximately $1,000,240.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.27% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BRX. LS Investment Advisors LLC boosted its holdings 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 worth $171,000 after acquiring an additional 1,420 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Brixmor Property Group by 54.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 31,112 shares of the real estate investment trust’s stock worth $556,000 after acquiring an additional 10,956 shares during the last quarter. Aperio Group LLC boosted its holdings in Brixmor Property Group by 917.9% during the 2nd quarter. Aperio Group LLC now owns 115,293 shares of the real estate investment trust’s stock worth $2,061,000 after acquiring an additional 103,966 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings 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 worth $172,000 after acquiring an additional 3,538 shares during the last quarter. Finally, NGAM Advisors L.P. boosted its holdings in Brixmor Property Group by 70.8% during the 2nd quarter. NGAM Advisors L.P. now owns 23,646 shares of the real estate investment trust’s stock worth $423,000 after acquiring an additional 9,802 shares during the last quarter. 98.57% of the stock is currently owned by hedge funds and other institutional investors.

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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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