Brixmor Property Group (NYSE:BRX) Rating Increased to Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Brixmor Property Group (NYSE:BRX) from a hold rating to a buy rating in a research note published on Friday, MarketBeat reports. Jefferies Financial Group currently has $33.00 price target on the real estate investment trust’s stock, up from their prior price target of $28.00.

Other equities research analysts also recently issued reports about the stock. Scotiabank raised their target price on shares of Brixmor Property Group from $29.00 to $32.00 and gave the company a “sector outperform” rating in a research note on Monday, November 25th. Wells Fargo & Company lowered their target price on shares of Brixmor Property Group from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. KeyCorp raised their target price on shares of Brixmor Property Group from $28.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Truist Financial raised their target price on shares of Brixmor Property Group from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus lowered their price objective on shares of Brixmor Property Group from $31.75 to $31.25 and set a “hold” rating for the company in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.87.

Brixmor Property Group Stock Performance

Shares of BRX stock opened at $27.68 on Friday. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.54 and a beta of 1.58. Brixmor Property Group has a 52-week low of $20.80 and a 52-week high of $30.67. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. The company’s 50 day moving average is $27.12 and its 200 day moving average is $27.47.

Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.31. Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. On average, sell-side analysts anticipate that Brixmor Property Group will post 2.14 EPS for the current fiscal year.

Brixmor Property Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Wednesday, April 2nd will be given a dividend of $0.2875 per share. The ex-dividend date is Wednesday, April 2nd. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.29. This represents a $1.15 dividend on an annualized basis and a yield of 4.16%. Brixmor Property Group’s payout ratio is currently 103.60%.

Insider Activity at Brixmor Property Group

In related news, insider Steven F. Siegel sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $29.54, for a total transaction of $738,500.00. Following the completion of the transaction, the insider now directly owns 315,004 shares in the company, valued at $9,305,218.16. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.76% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Brixmor Property Group in the fourth quarter valued at $110,205,000. Northern Trust Corp increased its holdings in Brixmor Property Group by 96.2% in the fourth quarter. Northern Trust Corp now owns 4,870,342 shares of the real estate investment trust’s stock valued at $135,590,000 after buying an additional 2,388,264 shares in the last quarter. Invesco Ltd. increased its holdings in Brixmor Property Group by 61.1% in the fourth quarter. Invesco Ltd. now owns 5,748,492 shares of the real estate investment trust’s stock valued at $160,038,000 after buying an additional 2,180,541 shares in the last quarter. Captrust Financial Advisors purchased a new position in Brixmor Property Group in the third quarter valued at $46,695,000. Finally, Brookfield Corp ON purchased a new position in Brixmor Property Group in the third quarter valued at $38,051,000. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as a real estate investment trust, which engages in owning and operating a portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.