KeyCorp set a $20.00 target price on Brixmor Property Group (NYSE:BRX) in a research note published on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the real estate investment trust’s stock. KeyCorp also issued estimates for Brixmor Property Group’s Q4 2019 earnings at $0.49 EPS, Q2 2020 earnings at $0.49 EPS, Q3 2020 earnings at $0.50 EPS and Q4 2020 earnings at $0.50 EPS.
A number of other equities analysts have also commented on the company. Zacks Investment Research lowered Brixmor Property Group from a hold rating to a sell rating in a research note on Wednesday, February 20th. Barclays reissued a hold rating and set a $17.00 price target on shares of Brixmor Property Group in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus increased their price target on Brixmor Property Group from $17.50 to $18.00 and gave the company a hold rating in a research note on Tuesday, April 30th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $18.75.
Shares of NYSE BRX traded up $0.05 during mid-day trading on Wednesday, reaching $18.59. The company’s stock had a trading volume of 230,376 shares, compared to its average volume of 2,552,336. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.75. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.74. Brixmor Property Group has a 52 week low of $14.11 and a 52 week high of $18.72.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.26). The business had revenue of $291.10 million during the quarter, compared to the consensus estimate of $290.85 million. Brixmor Property Group had a return on equity of 12.96% and a net margin of 30.47%. The business’s revenue was down 8.2% on a year-over-year basis. During the same period last year, the company earned $0.51 EPS. Research analysts expect that Brixmor Property Group will post 1.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, July 5th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Wednesday, July 3rd. Brixmor Property Group’s payout ratio is presently 60.54%.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Brixmor Property Group by 61.1% in the first quarter. BlackRock Inc. now owns 36,138,525 shares of the real estate investment trust’s stock worth $663,868,000 after purchasing an additional 13,704,777 shares in the last quarter. Lasalle Investment Management Securities LLC grew its stake in Brixmor Property Group by 11.2% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 5,753,986 shares of the real estate investment trust’s stock worth $84,526,000 after purchasing an additional 578,391 shares in the last quarter. Centersquare Investment Management LLC grew its stake in Brixmor Property Group by 19.1% in the first quarter. Centersquare Investment Management LLC now owns 5,543,313 shares of the real estate investment trust’s stock worth $101,830,000 after purchasing an additional 890,450 shares in the last quarter. Geode Capital Management LLC grew its stake in Brixmor Property Group by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 4,744,481 shares of the real estate investment trust’s stock worth $69,696,000 after purchasing an additional 248,302 shares in the last quarter. Finally, Zimmer Partners LP bought a new position in Brixmor Property Group in the fourth quarter worth approximately $63,288,000. 98.23% of the stock is owned by institutional investors.
Brixmor Property Group Company Profile
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 425 retail centers comprise approximately 74 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.
Read More: Do equity income investments outperform growth and income investments?
Receive News & Ratings for Brixmor Property Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group and related companies with MarketBeat.com's FREE daily email newsletter.