Brixmor Property Group Inc. (NYSE:BRX) was the recipient of some unusual options trading on Thursday. Investors acquired 519 call options on the stock. This represents an increase of approximately 918% compared to the average daily volume of 51 call options.
Several equities analysts have commented on BRX shares. Citigroup upped their price target on Brixmor Property Group from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, August 7th. Barclays reaffirmed a “hold” rating and issued a $22.00 price target on shares of Brixmor Property Group in a report on Monday, August 14th. Mizuho raised Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a report on Monday, August 14th. KeyCorp reaffirmed a “hold” rating on shares of Brixmor Property Group in a report on Friday, August 25th. Finally, ValuEngine cut Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $22.11.
Shares of Brixmor Property Group (BRX) opened at $18.58 on Tuesday. Brixmor Property Group has a twelve month low of $17.23 and a twelve month high of $25.34. The firm has a market capitalization of $5,534.61, a price-to-earnings ratio of 8.60, a P/E/G ratio of 1.92 and a beta of 0.52. 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 (NYSE:BRX) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.24). The firm had revenue of $314.50 million during the quarter, compared to the consensus estimate of $317.31 million. Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. equities analysts anticipate that Brixmor Property Group will post 2.08 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 5.92%. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 98.11%.
In other Brixmor Property Group news, EVP Mark Horgan bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was purchased at an average price of $17.64 per share, for a total transaction of $52,920.00. Following the purchase, the executive vice president now directly owns 56,703 shares in the company, valued at $1,000,240.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. AXA boosted its position in shares of Brixmor Property Group by 67.9% in the 3rd quarter. AXA now owns 331,484 shares of the real estate investment trust’s stock worth $6,232,000 after purchasing an additional 134,041 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Brixmor Property Group by 18.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 496,695 shares of the real estate investment trust’s stock worth $9,338,000 after purchasing an additional 77,063 shares during the last quarter. Davis Selected Advisers bought a new position in shares of Brixmor Property Group in the 3rd quarter worth $2,874,000. IFM Investors Pty Ltd bought a new position in shares of Brixmor Property Group in the 3rd quarter worth $197,000. Finally, Sterling Capital Management LLC bought a new position in shares of Brixmor Property Group in the 3rd quarter worth $717,000. Institutional investors and hedge funds own 98.57% of the company’s stock.
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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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