Brixmor Property Group Inc (BRX) Declares Quarterly Dividend of $0.20
Brixmor Property Group (NYSE:BRX) declared a quarterly dividend on Tuesday, August 5th, AnalystRatingsNetwork reports. Shareholders of record on Friday, October 3rd will be given a dividend of 0.20 per share on Wednesday, October 15th. This represents a $0.80 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Wednesday, October 1st.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Brixmor Property Group from $24.00 to $25.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. On a related note, analysts at Deutsche Bank raised their price target on shares of Brixmor Property Group from $23.00 to $25.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Brixmor Property Group in a research note on Wednesday, July 9th. They now have a $23.00 price target on the stock, up previously from $21.00. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $23.25.
Brixmor Property Group (NYSE:BRX) traded down 0.52% on Tuesday, hitting $22.78. The stock had a trading volume of 641,781 shares. Brixmor Property Group has a 1-year low of $19.38 and a 1-year high of $23.76. The stock has a 50-day moving average of $23.00 and a 200-day moving average of $21.90. The company’s market cap is $5.232 billion.
Brixmor Property Group (NYSE:BRX) last released its earnings data on Tuesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.39. The company had revenue of $308.10 million for the quarter, compared to the consensus estimate of $305.60 million. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that Brixmor Property Group will post $0.32 EPS for the current fiscal year.
Brixmor Property Group Inc (NYSE:BRX), is a internally-managed real estate investment trust (REIT) that owns and operates the wholly owned portfolio of grocery-anchored community and neighborhood shopping centers in the United States.
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