Zacks Investment Research upgraded shares of Brixmor Property Group Inc. (NYSE:BRX) from a sell rating to a hold rating in a research report released on Wednesday, October 25th.
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. “
Several other research analysts have also recently weighed in on BRX. BidaskClub upgraded Brixmor Property Group from a strong sell rating to a sell rating in a report on Tuesday, June 27th. Barclays PLC lowered their target price on Brixmor Property Group from $22.00 to $21.00 and set an equal weight rating on the stock in a report on Tuesday, July 18th. Royal Bank of Canada restated a hold rating and set a $23.00 target price on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Boenning Scattergood restated a hold rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Finally, Citigroup Inc. boosted their target price on Brixmor Property Group from $19.00 to $20.00 and gave the stock a neutral rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. Brixmor Property Group presently has a consensus rating of Hold and a consensus price target of $23.11.
Brixmor Property Group (NYSE BRX) traded up $0.34 during mid-day trading on Wednesday, reaching $18.25. The company had a trading volume of 2,975,100 shares, compared to its average volume of 2,849,076. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. Brixmor Property Group has a 12 month low of $17.23 and a 12 month high of $25.34. The firm has a market cap of $5,461.43, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.67 and a beta of 0.51.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.24). The firm had revenue of $314.50 million during the quarter, compared to analyst estimates of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 earnings per share. equities research analysts anticipate that Brixmor Property Group will post 2.09 earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. This represents a $1.10 dividend on an annualized basis and a yield of 6.03%. Brixmor Property Group’s dividend payout ratio is currently 98.11%.
In other news, Director John Schreiber bought 10,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were bought at an average price of $18.72 per share, with a total value of $187,200.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at $374,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James M. Taylor, Jr. bought 15,600 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost of $19.24 per share, for a total transaction of $300,144.00. Following the transaction, the insider now owns 224,793 shares of the company’s stock, valued at $4,325,017.32. The disclosure for this purchase can be found here. Insiders purchased 28,600 shares of company stock worth $540,264 over the last quarter. 0.27% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its position in Brixmor Property Group by 3.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,183,228 shares of the real estate investment trust’s stock valued at $39,037,000 after purchasing an additional 79,331 shares during the period. Rhumbline Advisers raised its position in Brixmor Property Group by 31.6% in the second quarter. Rhumbline Advisers now owns 331,323 shares of the real estate investment trust’s stock valued at $5,924,000 after purchasing an additional 79,600 shares during the period. BlackRock Inc. raised its position in Brixmor Property Group by 35.0% in the second quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock valued at $519,713,000 after purchasing an additional 7,543,528 shares during the period. SG Americas Securities LLC raised its position in Brixmor Property Group by 659.1% in the second quarter. SG Americas Securities LLC now owns 87,764 shares of the real estate investment trust’s stock valued at $1,569,000 after purchasing an additional 76,202 shares during the period. Finally, LSV Asset Management raised its position in Brixmor Property Group by 16.6% in the second quarter. LSV Asset Management now owns 609,797 shares of the real estate investment trust’s stock valued at $10,903,000 after purchasing an additional 86,800 shares during the period.
Brixmor Property Group Company Profile
Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.
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