Brixmor Property Group Receives “Overweight” Rating from JPMorgan Chase & Co. (BRX)
Brixmor Property Group (NYSE:BRX)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Thursday. They currently have a $25.00 price objective on the stock, up from their previous price objective of $23.00. JPMorgan Chase & Co.’s price objective suggests a potential upside of 7.94% from the stock’s previous close.
Several other analysts have also 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. Separately, 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 research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Brixmor Property Group currently has an average rating of “Buy” and a consensus price target of $23.50.
Shares of Brixmor Property Group (NYSE:BRX) traded up 0.34% on Thursday, hitting $23.40. The stock had a trading volume of 284,411 shares. Brixmor Property Group has a 52 week low of $19.38 and a 52 week high of $23.76. The stock has a 50-day moving average of $23.19 and a 200-day moving average of $22.0. The company has a market cap of $5.735 billion and a price-to-earnings ratio of 685.88.
Brixmor Property Group (NYSE:BRX) last released its earnings data on Tuesday, August 5th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 3.2% on a year-over-year basis. On average, analysts predict that Brixmor Property Group will post $0.34 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Wednesday, October 1st.
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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