Brixmor Property Group (BRX) Earns Hold Rating from BMO Capital Markets

BMO Capital Markets restated their hold rating on shares of Brixmor Property Group (NYSE:BRX) in a research report report published on Monday morning. BMO Capital Markets currently has a $17.00 target price on the real estate investment trust’s stock.

Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Brixmor Property Group from a sell rating to a hold rating in a report on Thursday, October 25th. Barclays reiterated a hold rating and issued a $16.00 price objective on shares of Brixmor Property Group in a report on Sunday, October 14th. ValuEngine upgraded shares of Brixmor Property Group from a sell rating to a hold rating in a report on Tuesday, January 29th. JPMorgan Chase & Co. downgraded shares of Brixmor Property Group from an overweight rating to a neutral rating in a report on Wednesday, December 19th. Finally, Scotiabank started coverage on shares of Brixmor Property Group in a report on Tuesday, October 16th. They issued an outperform rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Brixmor Property Group has a consensus rating of Hold and an average price target of $18.46.

Shares of BRX stock opened at $17.87 on Monday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 2.58 and a beta of 0.79. Brixmor Property Group has a 52 week low of $13.84 and a 52 week high of $18.71.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 11th. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.17). The company had revenue of $297.66 million for the quarter, compared to analyst estimates of $302.22 million. Brixmor Property Group had a return on equity of 12.47% and a net margin of 28.54%. On average, analysts forecast that Brixmor Property Group will post 1.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, April 5th will be issued a $0.28 dividend. The ex-dividend date is Thursday, April 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.27%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 53.59%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BOKF NA raised its holdings in shares of Brixmor Property Group by 10.2% in the fourth quarter. BOKF NA now owns 63,502 shares of the real estate investment trust’s stock valued at $933,000 after purchasing an additional 5,891 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Brixmor Property Group by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 4,744,481 shares of the real estate investment trust’s stock valued at $69,696,000 after buying an additional 248,302 shares in the last quarter. Prudential PLC bought a new position in shares of Brixmor Property Group in the fourth quarter valued at $154,000. Natixis Advisors L.P. grew its stake in shares of Brixmor Property Group by 1.8% in the fourth quarter. Natixis Advisors L.P. now owns 40,087 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 722 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Brixmor Property Group in the fourth quarter valued at $615,000. Institutional investors own 98.30% of the company’s stock.

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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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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