Brixmor Property Group Inc. (NYSE:BRX) Receives Consensus Rating of “Hold” from Analysts
Brixmor Property Group Inc. (NYSE:BRX) has been assigned an average rating of “Hold” from the fifteen analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $26.00.
A number of research firms have recently commented on BRX. BidaskClub upgraded shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Brixmor Property Group in a research note on Monday, June 19th. Barclays PLC lowered their price objective on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, June 16th. ValuEngine lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Friday, May 19th.
Shares of Brixmor Property Group (NYSE BRX) opened at 17.89 on Monday. The firm has a 50-day moving average of $18.46 and a 200-day moving average of $21.63. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 19.03 and a beta of 0.50. Brixmor Property Group has a one year low of $17.35 and a one year high of $29.14.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The firm had revenue of $325.80 million for the quarter, compared to analysts’ expectations of $317.02 million. Brixmor Property Group had a net margin of 22.43% and a return on equity of 9.85%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Equities research analysts forecast that Brixmor Property Group will post $0.88 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Thursday, July 6th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, July 3rd. This represents a $1.04 annualized dividend and a yield of 5.81%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 110.64%.
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In other news, insider James M. Taylor, Jr. acquired 14,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were acquired at an average price of $18.60 per share, with a total value of $260,400.00. Following the purchase, the insider now directly owns 203,893 shares of the company’s stock, valued at $3,792,409.80. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John Schreiber acquired 10,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were purchased at an average cost of $18.85 per share, for a total transaction of $188,500.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $188,500. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 33,000 shares of company stock worth $616,856. 0.27% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware bought a new stake in Brixmor Property Group during the first quarter worth about $131,000. Pacer Advisors Inc. boosted its stake in Brixmor Property Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 209 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in Brixmor Property Group by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 341 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Brixmor Property Group by 38.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 2,600 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in Brixmor Property Group during the first quarter worth about $204,000.
About Brixmor Property Group
Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.
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