News stories about Brixmor Property Group (NYSE:BRX) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Brixmor Property Group earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.5310902079325 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
BRX has been the subject of several recent research reports. ValuEngine lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Citigroup raised Brixmor Property Group to an “overweight” rating and raised their price objective for the company from $19.00 to $21.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Mitsubishi UFJ Financial Group raised Brixmor Property Group from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 3rd. SunTrust Banks set a $19.00 price objective on Brixmor Property Group and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Barclays lowered their price objective on Brixmor Property Group from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.40.
Shares of NYSE:BRX opened at $14.56 on Friday. Brixmor Property Group has a 1-year low of $13.74 and a 1-year high of $22.02. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.95. The firm has a market cap of $4,454.77, a PE ratio of 6.97, a P/E/G ratio of 1.81 and a beta of 0.39.
Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.27). Brixmor Property Group had a net margin of 23.40% and a return on equity of 10.30%. The company had revenue of $320.06 million for the quarter, compared to the consensus estimate of $312.97 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. Brixmor Property Group’s revenue was down 1.2% compared to the same quarter last year. sell-side analysts predict that Brixmor Property Group will post 2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, April 5th will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, April 4th. This represents a $1.10 annualized dividend and a dividend yield of 7.55%. Brixmor Property Group’s payout ratio is presently 52.63%.
In other Brixmor Property Group news, EVP Mark Horgan acquired 4,500 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, February 14th. The stock was bought at an average cost of $14.94 per share, for a total transaction of $67,230.00. Following the acquisition, the executive vice president now owns 62,769 shares of the company’s stock, valued at $937,768.86. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James M. Taylor, Jr. acquired 7,500 shares of Brixmor Property Group stock in a transaction that occurred on Tuesday, March 13th. The stock was acquired at an average price of $15.55 per share, with a total value of $116,625.00. Following the completion of the acquisition, the chief executive officer now directly owns 216,884 shares in the company, valued at approximately $3,372,546.20. The disclosure for this purchase can be found here. Insiders have bought 12,750 shares of company stock valued at $195,495 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.
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About Brixmor Property Group
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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