Brixmor Property Group (BRX) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Brixmor Property Group (NYSE:BRX) from a sell rating to a hold rating in a research report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Brixmor Property Group Inc. operates as a real estate investment trust. It owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers primarily in the United States. Brixmor Property Group Inc. is based in United States. “

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus lifted their price objective on Brixmor Property Group from $17.50 to $18.00 and gave the company a hold rating in a report on Tuesday, April 30th. Barclays reaffirmed a hold rating and set a $17.00 price objective on shares of Brixmor Property Group in a report on Wednesday, March 6th. BMO Capital Markets reaffirmed a hold rating and set a $17.00 price objective on shares of Brixmor Property Group in a report on Monday, February 11th. Finally, ValuEngine raised Brixmor Property Group from a sell rating to a hold rating in a report on Tuesday, January 29th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $18.39.

NYSE BRX opened at $18.12 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 2.14 and a beta of 0.75. Brixmor Property Group has a 1-year low of $14.11 and a 1-year high of $18.71.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.26). The company had revenue of $291.10 million for the quarter, compared to analyst estimates of $290.85 million. Brixmor Property Group had a net margin of 30.47% and a return on equity of 12.96%. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. On average, sell-side analysts predict that Brixmor Property Group will post 1.89 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, July 5th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date is Wednesday, July 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 60.54%.

Several large investors have recently bought and sold shares of the company. Nwam LLC raised its stake in shares of Brixmor Property Group by 2.0% in the first quarter. Nwam LLC now owns 32,885 shares of the real estate investment trust’s stock valued at $604,000 after acquiring an additional 651 shares during the last quarter. Natixis Advisors L.P. raised its stake in shares of Brixmor Property Group by 1.8% in the fourth quarter. Natixis Advisors L.P. now owns 40,087 shares of the real estate investment trust’s stock valued at $588,000 after acquiring an additional 722 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Brixmor Property Group by 2.6% in the fourth quarter. Advisors Asset Management Inc. now owns 34,845 shares of the real estate investment trust’s stock valued at $512,000 after acquiring an additional 873 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of Brixmor Property Group by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 132,198 shares of the real estate investment trust’s stock valued at $2,427,000 after acquiring an additional 1,180 shares during the last quarter. Finally, Utah Retirement Systems raised its stake in shares of Brixmor Property Group by 1.3% in the fourth quarter. Utah Retirement Systems now owns 92,345 shares of the real estate investment trust’s stock valued at $1,357,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.

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 425 retail centers comprise approximately 74 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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