Brixmor Property Group Inc. (NYSE:BRX)‘s stock had its “hold” rating restated by equities researchers at Royal Bank Of Canada in a research note issued on Monday. They currently have a $23.00 target price on the real estate investment trust’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 24.59% from the company’s previous close.

Several other brokerages also recently issued reports on BRX. Zacks Investment Research downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Citigroup Inc. decreased their price objective on shares of Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating for the company in a research note on Tuesday, May 9th. ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Barclays PLC decreased their price objective on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Boenning Scattergood downgraded shares of Brixmor Property Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, March 22nd. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Brixmor Property Group presently has a consensus rating of “Hold” and a consensus price target of $26.40.

Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

Shares of Brixmor Property Group (NYSE:BRX) traded down 1.002% on Monday, reaching $18.275. The company had a trading volume of 2,336,783 shares. Brixmor Property Group has a 52 week low of $17.49 and a 52 week high of $29.14. The stock’s 50 day moving average is $18.81 and its 200 day moving average is $22.04. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 19.441 and a beta of 0.50.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. Brixmor Property Group had a net margin of 22.43% and a return on equity of 9.85%. The firm had revenue of $325.80 million during the quarter, compared to the consensus estimate of $317.02 million. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts anticipate that Brixmor Property Group will post $0.88 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Thursday, July 6th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date of this dividend is Monday, July 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 110.64%.

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In related news, Director John Schreiber bought 10,000 shares of Brixmor Property Group stock in a transaction dated Thursday, May 11th. The shares were acquired at an average cost of $18.85 per share, with a total value of $188,500.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at approximately $188,500. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider James M. Taylor, Jr. bought 14,000 shares of Brixmor Property Group stock in a transaction dated Thursday, May 4th. The shares were bought at an average cost of $18.60 per share, for a total transaction of $260,400.00. Following the completion of the transaction, the insider now owns 203,893 shares of the company’s stock, valued at approximately $3,792,409.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 33,000 shares of company stock worth $616,856. Corporate insiders own 0.27% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its position in shares of Brixmor Property Group by 3.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,828 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 570 shares during the period. GLG LLC bought a new position in shares of Brixmor Property Group during the fourth quarter worth approximately $412,000. Two Sigma Investments LP raised its position in shares of Brixmor Property Group by 98.3% in the fourth quarter. Two Sigma Investments LP now owns 340,927 shares of the real estate investment trust’s stock worth $8,325,000 after buying an additional 168,967 shares during the period. Janus Capital Management LLC raised its position in shares of Brixmor Property Group by 6.0% in the fourth quarter. Janus Capital Management LLC now owns 1,273,558 shares of the real estate investment trust’s stock worth $31,100,000 after buying an additional 71,558 shares during the period. Finally, GSA Capital Partners LLP raised its position in shares of Brixmor Property Group by 34.5% in the fourth quarter. GSA Capital Partners LLP now owns 17,539 shares of the real estate investment trust’s stock worth $428,000 after buying an additional 4,503 shares during the period.

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.

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