Today, Brixmor Property Group Inc. (BRX) Upgrade to “Outperform” at Wells Fargo & Co.

Today, Brixmor Property Group Inc. (BRX) Upgrade to “Outperform” at Wells Fargo & Co.

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.

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

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