Brixmor Property Group Hits New 1-Year High at $23.76 (BRX)
Brixmor Property Group (NYSE:BRX) shares hit a new 52-week high during trading on Monday , American Banking and Market News reports. The company traded as high as $23.76 and last traded at $23.70, with a volume of 199,020 shares changing hands. The stock had previously closed at $23.37.
BRX has been the subject of a number of recent research reports. 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. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $23.50.
The stock has a 50-day moving average of $23.22 and a 200-day moving average of $22.03. The company has a market cap of $5.809 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 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. Analysts expect that Brixmor Property Group will post $0.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.42%. The ex-dividend date 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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