Brixmor Property Group Lifted to “Buy” at ISI Group (BRX)
Brixmor Property Group (NYSE:BRX) was upgraded by equities researchers at ISI Group from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on BRX. 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. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $23.81.
Brixmor Property Group (NYSE:BRX) opened at 23.71 on Wednesday. Brixmor Property Group has a one year low of $19.38 and a one year high of $24.10. The stock’s 50-day moving average is $23.36 and its 200-day moving average is $22.22. The company has a market cap of $5.811 billion and a price-to-earnings ratio of 697.65.
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. 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 $0.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders 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 3.37%. 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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