Brixmor Property Group Inc. (NYSE:BRX) – Investment analysts at Boenning Scattergood lowered their FY2018 earnings estimates for shares of Brixmor Property Group in a research note issued on Tuesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings of $2.11 per share for the year, down from their prior estimate of $2.14. Boenning Scattergood currently has a “Buy” rating and a $22.00 target price on the stock.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada restated a “hold” rating and set a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Barclays PLC restated a “hold” rating and set a $22.00 price objective on shares of Brixmor Property Group in a research report on Monday, August 14th. ValuEngine upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Citigroup Inc. increased their price objective on shares of Brixmor Property Group from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.11.

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Shares of Brixmor Property Group (NYSE:BRX) remained flat at $$18.56 during midday trading on Wednesday. The company had a trading volume of 4,307,300 shares, compared to its average volume of 2,866,840. The stock has a market cap of $5,660.00, a P/E ratio of 8.80, a P/E/G ratio of 1.79 and a beta of 0.51. Brixmor Property Group has a 1 year low of $17.23 and a 1 year high of $25.34. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.24). The firm had revenue of $314.50 million during the quarter, compared to the consensus estimate of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 EPS.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Brixmor Property Group by 35.0% during the second quarter. BlackRock Inc. now owns 29,066,747 shares of the real estate investment trust’s stock valued at $519,713,000 after acquiring an additional 7,543,528 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Brixmor Property Group by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 17,222,816 shares of the real estate investment trust’s stock valued at $325,682,000 after acquiring an additional 383,162 shares in the last quarter. State Street Corp grew its stake in Brixmor Property Group by 12.0% during the second quarter. State Street Corp now owns 10,792,595 shares of the real estate investment trust’s stock valued at $192,965,000 after acquiring an additional 1,159,181 shares in the last quarter. Lasalle Investment Management Securities LLC grew its stake in Brixmor Property Group by 4.5% during the second quarter. Lasalle Investment Management Securities LLC now owns 9,125,790 shares of the real estate investment trust’s stock valued at $163,169,000 after acquiring an additional 393,226 shares in the last quarter. Finally, Brookfield Asset Management Inc. grew its stake in Brixmor Property Group by 15.9% during the second quarter. Brookfield Asset Management Inc. now owns 6,618,651 shares of the real estate investment trust’s stock valued at $118,341,000 after acquiring an additional 908,572 shares in the last quarter.

In other news, EVP Mark Horgan acquired 3,000 shares of Brixmor Property Group stock in a transaction dated Friday, November 3rd. The stock was purchased at an average cost of $17.64 per share, with a total value of $52,920.00. Following the completion of the purchase, the executive vice president now directly owns 56,703 shares in the company, valued at approximately $1,000,240.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.27% of the stock is currently owned by corporate insiders.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be issued a dividend of $0.275 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. This represents a $1.10 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Wednesday, January 3rd. Brixmor Property Group’s dividend payout ratio is currently 98.11%.

Brixmor Property Group Company Profile

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.

Earnings History and Estimates for Brixmor Property Group (NYSE:BRX)

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