Wells Fargo & Co. upgraded shares of Brixmor Property Group Inc. (NYSE:BRX) from a market perform rating to an outperform rating in a research note published on Monday morning.

Several other analysts have also recently commented on BRX. Citigroup Inc. raised shares of Brixmor Property Group from a neutral rating to a buy rating and increased their price target for the company from $28.00 to $31.00 in a research note on Friday, August 12th. Stifel Nicolaus raised shares of Brixmor Property Group from a hold rating to a buy rating and set a $31.00 price target on the stock in a research note on Monday, August 15th. They noted that the move was a valuation call. Deutsche Bank AG raised shares of Brixmor Property Group from a hold rating to a buy rating and increased their price target for the company from $27.00 to $30.00 in a research note on Wednesday, August 17th. Evercore ISI raised shares of Brixmor Property Group from a hold rating to a buy rating and set a $30.00 price target on the stock in a research note on Monday, August 22nd. Finally, Mitsubishi UFJ Financial Group started coverage on shares of Brixmor Property Group in a research note on Wednesday, September 7th. They set an outperform rating and a $29.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. Brixmor Property Group has an average rating of Hold and an average target price of $28.36.

Brixmor Property Group (NYSE:BRX) opened at 24.84 on Monday. The stock has a market capitalization of $7.56 billion, a PE ratio of 31.36 and a beta of 0.61. Brixmor Property Group has a 52-week low of $19.91 and a 52-week high of $29.14. The firm’s 50-day moving average is $25.13 and its 200 day moving average is $26.55.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, October 24th. The real estate investment trust reported $0.51 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. Brixmor Property Group had a net margin of 18.62% and a return on equity of 8.19%. The firm had revenue of $318.58 million for the quarter, compared to analysts’ expectations of $312.70 million. During the same period in the prior year, the firm earned $0.51 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, equities analysts forecast that Brixmor Property Group will post $2.05 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Thursday, January 5th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 4.19%. Brixmor Property Group’s dividend payout ratio (DPR) is 125.64%.

In other news, insider Steven F. Siegel sold 6,000 shares of the stock in a transaction on Monday, October 31st. The shares were sold at an average price of $25.26, for a total transaction of $151,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Schreiber acquired 10,000 shares of the stock in a transaction dated Friday, November 18th. The shares were bought at an average cost of $23.70 per share, with a total value of $237,000.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $118,500. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of BRX. Brookfield Asset Management Inc. bought a new stake in shares of Brixmor Property Group during the third quarter valued at about $146,283,000. D.A. Davidson & CO. increased its stake in shares of Brixmor Property Group by 0.3% in the third quarter. D.A. Davidson & CO. now owns 11,738 shares of the real estate investment trust’s stock valued at $325,000 after buying an additional 33 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Brixmor Property Group by 37.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 61,937 shares of the real estate investment trust’s stock valued at $1,721,000 after buying an additional 16,742 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Brixmor Property Group by 14.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 234,057 shares of the real estate investment trust’s stock valued at $6,503,000 after buying an additional 29,402 shares in the last quarter. Finally, Credit Suisse AG increased its stake in shares of Brixmor Property Group by 44.9% in the third quarter. Credit Suisse AG now owns 1,114,045 shares of the real estate investment trust’s stock valued at $30,960,000 after buying an additional 345,430 shares in the last quarter.

Brixmor Property Group Company Profile

Brixmor Property Group Inc and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership.

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