Brixmor Property Group (BRX) Given “Hold” Rating at Barclays

Barclays reaffirmed their hold rating on shares of Brixmor Property Group (NYSE:BRX) in a research note released on Sunday morning. They currently have a $16.00 target price on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Brixmor Property Group from a sell rating to a strong sell rating in a research report on Monday, July 2nd. Stifel Nicolaus boosted their target price on shares of Brixmor Property Group from $16.00 to $18.00 and gave the company a hold rating in a research report on Tuesday, July 31st. Sandler O’Neill downgraded shares of Brixmor Property Group from a buy rating to a hold rating in a research report on Wednesday, August 1st. Citigroup boosted their target price on shares of Brixmor Property Group from $16.50 to $18.00 and gave the company a neutral rating in a research report on Thursday, August 16th. Finally, SunTrust Banks reiterated a buy rating and set a $20.00 target price on shares of Brixmor Property Group in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Brixmor Property Group presently has an average rating of Hold and a consensus target price of $18.55.

Shares of NYSE BRX opened at $15.35 on Friday. The company has a market capitalization of $5.30 billion, a PE ratio of 7.34, a PEG ratio of 1.46 and a beta of 0.43. Brixmor Property Group has a 52-week low of $13.74 and a 52-week high of $19.30. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.69 and a current ratio of 0.69.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.24). The firm had revenue of $313.03 million during the quarter, compared to analyst estimates of $307.73 million. Brixmor Property Group had a return on equity of 10.21% and a net margin of 23.30%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. On average, equities research analysts expect that Brixmor Property Group will post 2 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, October 5th will be paid a dividend of $0.275 per share. The ex-dividend date is Thursday, October 4th. This represents a $1.10 dividend on an annualized basis and a yield of 7.17%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 52.63%.

A number of hedge funds have recently made changes to their positions in the business. Cbre Clarion Securities LLC increased its stake in Brixmor Property Group by 36.6% during the 2nd quarter. Cbre Clarion Securities LLC now owns 11,807,082 shares of the real estate investment trust’s stock valued at $205,797,000 after purchasing an additional 3,165,324 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Brixmor Property Group by 11.0% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 10,900,694 shares of the real estate investment trust’s stock valued at $189,999,000 after purchasing an additional 1,081,618 shares in the last quarter. Morgan Stanley increased its stake in Brixmor Property Group by 3.9% during the 2nd quarter. Morgan Stanley now owns 9,642,299 shares of the real estate investment trust’s stock valued at $168,065,000 after purchasing an additional 360,074 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Brixmor Property Group by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,761,970 shares of the real estate investment trust’s stock valued at $83,004,000 after purchasing an additional 33,538 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Brixmor Property Group by 5,945.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,135,040 shares of the real estate investment trust’s stock valued at $72,073,000 after purchasing an additional 4,066,640 shares in the last quarter.

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 471 retail centers comprise approximately 80 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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