Brixmor Property Group (NYSE:BRX) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Brixmor Property Group (NYSE:BRX) from a buy rating to a hold rating in a report published on Monday.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. reduced their price objective on shares of Brixmor Property Group from $27.00 to $26.00 and set an overweight rating for the company in a research report on Monday, May 13th. Mizuho reduced their target price on shares of Brixmor Property Group from $24.00 to $23.00 and set a neutral rating for the company in a report on Thursday, May 23rd. Finally, Wells Fargo & Company dropped their price target on Brixmor Property Group from $25.00 to $24.00 and set an equal weight rating on the stock in a report on Tuesday, May 28th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $26.75.

Brixmor Property Group Price Performance

Shares of NYSE:BRX opened at $25.55 on Monday. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 4.59 and a beta of 1.57. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.50 and a quick ratio of 1.45. Brixmor Property Group has a 12 month low of $19.46 and a 12 month high of $26.41. The stock’s 50 day moving average price is $23.02 and its 200 day moving average price is $22.62.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Brixmor Property Group had a return on equity of 10.34% and a net margin of 23.45%. The firm had revenue of $315.69 million during the quarter, compared to the consensus estimate of $317.75 million. During the same period in the prior year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts anticipate that Brixmor Property Group will post 2.12 earnings per share for the current fiscal year.

Brixmor Property Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be paid a dividend of $0.2725 per share. This represents a $1.09 annualized dividend and a yield of 4.27%. The ex-dividend date is Wednesday, October 2nd. Brixmor Property Group’s dividend payout ratio (DPR) is currently 117.21%.

Insider Activity

In other Brixmor Property Group news, insider Steven F. Siegel 10,000 shares of the stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.76% of the company’s stock.

Institutional Investors Weigh In On Brixmor Property Group

A number of institutional investors have recently bought and sold shares of BRX. Wolverine Asset Management LLC purchased a new stake in shares of Brixmor Property Group in the second quarter worth approximately $494,000. RWC Asset Management LLP grew its position in Brixmor Property Group by 0.5% in the 2nd quarter. RWC Asset Management LLP now owns 831,076 shares of the real estate investment trust’s stock worth $19,190,000 after purchasing an additional 4,284 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Brixmor Property Group by 9.6% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,159 shares of the real estate investment trust’s stock worth $1,251,000 after purchasing an additional 4,761 shares during the period. Bailard Inc. acquired a new position in shares of Brixmor Property Group during the second quarter valued at about $838,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Brixmor Property Group by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 3,547,460 shares of the real estate investment trust’s stock valued at $81,911,000 after buying an additional 18,864 shares during the period. 98.43% of the stock is currently owned by institutional investors and hedge funds.

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 362 retail centers comprise approximately 64 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.