Shares of Brixmor Property Group Inc (NYSE:BRX) have earned a consensus rating of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.89.
A number of research analysts have issued reports on the company. BMO Capital Markets reiterated a “hold” rating and set a $17.00 price target on shares of Brixmor Property Group in a research report on Wednesday. ValuEngine lowered Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Stifel Nicolaus boosted their price target on Brixmor Property Group from $17.50 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. KeyCorp set a $20.00 price target on Brixmor Property Group and gave the stock a “buy” rating in a research report on Wednesday, June 19th. Finally, Zacks Investment Research upgraded Brixmor Property Group from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, July 16th.
BRX stock traded down $0.09 during trading on Tuesday, reaching $18.78. 2,457,968 shares of the company’s stock were exchanged, compared to its average volume of 2,756,347. The company has a current ratio of 0.47, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. Brixmor Property Group has a 1-year low of $14.11 and a 1-year high of $19.11. The company has a fifty day simple moving average of $18.23. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 10.15, a PEG ratio of 2.21 and a beta of 0.74.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.24). Brixmor Property Group had a return on equity of 12.66% and a net margin of 30.07%. The business had revenue of $291.00 million for the quarter, compared to analyst estimates of $286.99 million. During the same quarter last year, the firm posted $0.51 EPS. The company’s revenue was down 7.0% compared to the same quarter last year. On average, analysts anticipate that Brixmor Property Group will post 1.9 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, October 4th will be issued a $0.28 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 annualized dividend and a dividend yield of 5.96%. Brixmor Property Group’s dividend payout ratio (DPR) is 60.54%.
Institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Brixmor Property Group in the 4th quarter worth about $190,000. Two Sigma Investments LP bought a new stake in shares of Brixmor Property Group in the 4th quarter worth about $586,000. Norges Bank bought a new stake in shares of Brixmor Property Group in the 4th quarter worth about $44,190,000. Geode Capital Management LLC lifted its holdings in shares of Brixmor Property Group by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 4,744,481 shares of the real estate investment trust’s stock worth $69,696,000 after acquiring an additional 248,302 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Brixmor Property Group by 3,600.7% in the 4th quarter. American Century Companies Inc. now owns 4,026,684 shares of the real estate investment trust’s stock worth $59,152,000 after acquiring an additional 3,917,876 shares during the last quarter. Institutional investors and hedge funds own 98.23% of the company’s stock.
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.
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