Brixmor Property Group Inc. (NYSE:BRX) has been assigned an average recommendation of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $22.00.

A number of research firms recently commented on BRX. BMO Capital Markets set a $19.00 price objective on Brixmor Property Group and gave the company a “hold” rating in a report on Tuesday. Stifel Nicolaus began coverage on Brixmor Property Group in a report on Thursday, November 30th. They issued a “hold” rating and a $19.00 price objective on the stock. Boenning Scattergood reiterated a “buy” rating and issued a $22.00 price objective on shares of Brixmor Property Group in a report on Tuesday, November 21st. Mizuho reiterated a “buy” rating and issued a $19.50 price objective on shares of Brixmor Property Group in a report on Friday, November 10th. Finally, Zacks Investment Research cut Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd.

In other news, EVP Mark Horgan purchased 3,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were bought at an average cost of $17.64 per share, for a total transaction of $52,920.00. Following the completion of the purchase, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.27% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in BRX. LS Investment Advisors LLC increased its position in shares of Brixmor Property Group by 17.5% during the second 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 period. Nisa Investment Advisors LLC increased its position in shares of Brixmor Property Group by 54.4% during the second 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 period. Aperio Group LLC increased its position in shares of Brixmor Property Group by 917.9% during the second 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 period. Public Employees Retirement Association of Colorado increased its position in shares of Brixmor Property Group by 58.3% during the second 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 period. Finally, NGAM Advisors L.P. increased its position in shares of Brixmor Property Group by 70.8% during the second 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 period. Institutional investors own 98.57% of the company’s stock.

Brixmor Property Group (BRX) opened at $17.56 on Thursday. Brixmor Property Group has a twelve month low of $17.23 and a twelve month high of $25.34. The company has a market capitalization of $5,525.46, a P/E ratio of 8.59, a P/E/G ratio of 1.95 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70.

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

Brixmor Property Group declared that its board has approved a share repurchase program on Tuesday, December 5th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 6.26%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, January 3rd. Brixmor Property Group’s dividend payout ratio is 98.11%.

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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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