KeyCorp Issues Positive Forecast for Brixmor Property Group (NYSE:BRX) Stock Price

Brixmor Property Group (NYSE:BRX) had its price objective upped by KeyCorp from $28.00 to $32.00 in a research report sent to investors on Tuesday,Benzinga reports. KeyCorp currently has an overweight rating on the real estate investment trust’s stock.

Several other analysts have also weighed in on the stock. Evercore ISI lifted their target price on shares of Brixmor Property Group from $27.00 to $28.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Scotiabank upped their price objective on Brixmor Property Group from $25.00 to $29.00 and gave the company a “sector outperform” rating in a research note on Monday, August 26th. Truist Financial increased their target price on Brixmor Property Group from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Compass Point boosted their price target on Brixmor Property Group from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Finally, Piper Sandler reiterated an “overweight” rating and set a $33.00 price objective (up from $30.00) on shares of Brixmor Property Group in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.13.

Brixmor Property Group Trading Up 0.5 %

Brixmor Property Group stock opened at $28.83 on Tuesday. The business has a 50 day moving average price of $27.80 and a two-hundred day moving average price of $25.20. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.85. Brixmor Property Group has a 12 month low of $20.80 and a 12 month high of $29.19. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 3.93 and a beta of 1.57.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.21). Brixmor Property Group had a net margin of 25.81% and a return on equity of 11.48%. The firm had revenue of $320.68 million during the quarter, compared to analyst estimates of $320.22 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities analysts forecast that Brixmor Property Group will post 2.14 EPS for the current year.

Brixmor Property Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd will be given a $0.287 dividend. This represents a $1.15 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.27. Brixmor Property Group’s dividend payout ratio (DPR) is presently 100.93%.

Hedge Funds Weigh In On Brixmor Property Group

A number of large investors have recently modified their holdings of BRX. UMB Bank n.a. raised its position in Brixmor Property Group by 328.6% in the 3rd quarter. UMB Bank n.a. now owns 943 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 723 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Brixmor Property Group by 258.9% in the 2nd quarter. Blue Trust Inc. now owns 1,396 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 1,007 shares during the period. Quarry LP raised its position in shares of Brixmor Property Group by 36.3% during the third quarter. Quarry LP now owns 1,368 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 364 shares during the last quarter. Maryland Capital Advisors Inc. acquired a new position in shares of Brixmor Property Group during the third quarter valued at $46,000. Finally, Abich Financial Wealth Management LLC boosted its holdings in Brixmor Property Group by 50.7% in the first quarter. Abich Financial Wealth Management LLC now owns 2,305 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 775 shares during the last quarter. 98.43% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Company Profile

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.