Brixmor Property Group Given Average Recommendation of “Buy” by Analysts (NYSE:BRX)
Shares of Brixmor Property Group (NYSE:BRX) have been given an average recommendation of “Buy” by the thirteen ratings firms that are presently covering the stock, American Banking News.com reports. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $23.50.
A number of research firms have recently commented on BRX. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Brixmor Property Group in a research note on Thursday. They now have a $25.00 price target on the stock, up previously from $23.00. Separately, 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. Finally, 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.
Shares of Brixmor Property Group (NYSE:BRX) opened at 23.37 on Monday. Brixmor Property Group has a 52 week low of $19.38 and a 52 week high of $23.76. The stock’s 50-day moving average is $23.22 and its 200-day moving average is $22.03. The company has a market cap of $5.728 billion and a P/E ratio of 687.35.
Brixmor Property Group (NYSE:BRX) last announced its earnings results on Tuesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating the analysts’ 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. Brixmor Property Group’s revenue was up 3.2% compared to the same quarter last year. On average, analysts predict that Brixmor Property Group will post $0.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors 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 3.42%. 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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