Brixmor Property Group Inc. (NYSE: BRX) Given the average “hold” recommendation by brokerage firms

Shares of Brixmor Property Group Inc. (NYSE: BRX) have received an average rating of “Hold” by the thirteen rating companies that currently cover the company, Marketbeat reports. Seven investment analysts rated the stock with a keep recommendation and four issued a buy recommendation on the company. The 12-month average price target among analysts who issued ratings on the stock in the past year is $ 22.59.

Several equity research analysts recently published reports on BRX shares. Deutsche Bank Aktiengesellschaft raised its price target on Brixmor Property Group from $ 22.00 to $ 25.00 and gave the company a “conservation” rating in a research note on Tuesday, June 8. Piper Sandler raised her price target on Brixmor Property Group from $ 27.00 to $ 29.00 and gave the company an “overweight” rating in a Wednesday September 1 research note. KeyCorp increased its price target on Brixmor Property Group from $ 24.00 to $ 26.00 and rated the stock “overweight” in a research note on Thursday, September 2. Zacks Investment Research downgraded Brixmor Property Group from a “buy” rating to a “keep” rating in a Tuesday August 31st research note. Finally, Scotiabank raised its target price on Brixmor Property Group from $ 21.00 to $ 24.00 and assigned the stock a “sector performance” rating in a research note on Monday, June 28.

BRX shares opened at $ 22.52 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35, and a debt ratio of 1.91. The stock has a market cap of $ 6.69 billion, a P / E ratio of 34.65, a price / earnings-growth ratio of 1.50 and a beta of 1.71. The stock has a 50-day simple moving average of $ 22.94 and a 200-day simple moving average of $ 22.15. Brixmor Property Group has a one-year low at $ 10.58 and a one-year high at $ 24.42.

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Brixmor Property Group (NYSE: BRX) last released its quarterly results on Sunday, August 1. The real estate investment trust reported earnings per share (EPS) of $ 0.30 for the quarter, missing the consensus estimate of $ 0.42 of ($ 0.12). The company posted revenue of $ 287.00 million in the quarter, compared to a consensus estimate of $ 274.20 million. Brixmor Property Group had a net margin of 17.90% and a return on equity of 7.44%. The company’s quarterly revenue grew 15.9% year-over-year. In the same quarter of last year, the company posted earnings per share of $ 0.36. Analysts predict that Brixmor Property Group will post 1.74 EPS for the current year.

The company also recently unveiled a quarterly dividend, which will be paid on Friday, October 15. Investors of record on Tuesday, October 5 will receive a dividend of $ 0.215. The ex-dividend date is Monday October 4. This represents a dividend of $ 0.86 on an annualized basis and a return of 3.82%. Brixmor Property Group’s payout ratio is 58.50%.

Separately, insider Steven F. Siegel sold 7,500 shares in a trade on Thursday, July 15. The stock was sold for an average price of $ 22.66, for a total value of $ 169,950.00. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available through this hyperlink. Additionally, insider Brian T. Finnegan sold 5,000 shares in a trade dated Friday, August 20. The stock was sold for an average price of $ 22.57, for a total value of $ 112,850.00. Disclosure of this sale can be found here. Insiders have sold 20,000 shares of the company worth $ 460,400 in the past 90 days. 0.57% of the shares are currently held by insiders of the company.

A number of institutional investors have recently changed their holdings to BRX. State of Michigan Retirement System increased its stake in Brixmor Property Group by 1.8% during the 1st quarter. The Michigan State Pension System now owns 109,884 real estate investment trust shares worth $ 2,223,000 after acquiring an additional 1,900 shares during the period. Daiwa Securities Group Inc. strengthened its position in Brixmor Property Group shares by 6.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 74,563 real estate investment trust shares worth $ 1,508,000 after purchasing an additional 4,500 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Brixmor Property Group shares during the 1st quarter valued at approximately $ 1,785,000. Gryphon Financial Partners LLC purchased a new position in shares of Brixmor Property Group during the 1st quarter valued at approximately $ 44,000. Finally, M&T Bank Corp strengthened its position in Brixmor Property Group shares by 9.0% during the first quarter. M&T Bank Corp now owns 54,418 real estate investment trust shares worth $ 1,101,000 after purchasing an additional 4,507 shares in the last quarter. Hedge funds and other institutional investors hold 97.02% of the company’s shares.

About the Brixmor real estate group

Brixmor Property Group, Inc. operates as a real estate investment trust. It owns and operates a wholly owned portfolio of community and neighborhood shopping centers anchored in grocery stores. The company was founded in 1985 and is headquartered in New York, NY.

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Analyst Recommendations for Brixmor Property Group (NYSE: BRX)

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