Brixmor Property Group Given Average Recommendation of “Buy” by Brokerages (NYSE:BRX)
Shares of Brixmor Property Group (NYSE:BRX) have received a consensus recommendation of “Buy” from the thirteen analysts that are presently covering the stock, AnalystRatingsNetwork.com reports. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $23.50.
Shares of Brixmor Property Group (NYSE:BRX) opened at 23.98 on Monday. Brixmor Property Group has a 52 week low of $19.38 and a 52 week high of $24.10. The stock’s 50-day moving average is $23.32 and its 200-day moving average is $22.12. The company has a market cap of $5.877 billion and a P/E ratio of 705.59.
Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data 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. Analysts expect that Brixmor Property Group will post $0.35 EPS 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 3.33%. The ex-dividend date of this dividend is Wednesday, October 1st.
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, August 14th. 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.
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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