Brixmor Property Group Inc. (NYSE:BRX) saw unusually large options trading on Thursday. Investors bought 519 call options on the company. This is an increase of 918% compared to the average volume of 51 call options.
Shares of Brixmor Property Group (NYSE:BRX) opened at $18.15 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $5,510.21, a PE ratio of 8.56, a price-to-earnings-growth ratio of 1.91 and a beta of 0.52. Brixmor Property Group has a 12 month low of $17.23 and a 12 month high of $25.34.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.24). Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The company had revenue of $314.50 million for the quarter, compared to the consensus estimate of $317.31 million. During the same period in the prior year, the firm posted $0.51 EPS. The business’s revenue was down 1.3% on a year-over-year basis. equities analysts forecast that Brixmor Property Group will post 2.08 EPS for the current year.
A number of research analysts have recently weighed in on the company. ValuEngine upgraded Brixmor Property Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Citigroup raised their price objective on Brixmor Property Group from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, August 7th. Mizuho reaffirmed a “buy” rating and issued a $19.50 price target on shares of Brixmor Property Group in a report on Friday, November 10th. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Brixmor Property Group in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.11.
In related news, EVP Mark Horgan bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were bought at an average cost of $17.64 per share, with a total value of $52,920.00. Following the acquisition, the executive vice president now owns 56,703 shares in the company, valued at $1,000,240.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.27% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. purchased a new position in Brixmor Property Group in the third quarter worth $100,000. Pacer Advisors Inc. grew its holdings in Brixmor Property Group by 8.4% in the second quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 554 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Brixmor Property Group by 621.1% in the third quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 6,845 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Brixmor Property Group by 159.5% in the second quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 5,203 shares during the last quarter. Finally, LS Investment Advisors LLC grew its holdings in Brixmor Property Group by 17.5% in the second quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 1,420 shares during the last quarter. 98.54% of the stock is currently owned by institutional investors.
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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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