Brixmor Property Group Inc. (NYSE:BRX) has earned an average rating of “Hold” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $25.81.
A number of brokerages have commented on BRX. Zacks Investment Research lowered Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Citigroup Inc. decreased their price objective on Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating on the stock in a report on Tuesday, May 9th. BidaskClub raised 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 report on Monday, June 19th. Finally, Barclays PLC decreased their price objective on Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, June 16th.
In related news, Director John Schreiber bought 10,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was purchased at an average cost of $18.85 per share, for a total transaction of $188,500.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $188,500. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.27% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in BRX. Pacer Advisors Inc. increased its stake 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 buying an additional 554 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new stake in Brixmor Property Group during the first quarter worth $131,000. Mn Services Vermogensbeheer B.V. increased 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 during the last quarter. LS Investment Advisors LLC increased its stake 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 buying an additional 1,420 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its stake in Brixmor Property Group by 58.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 3,538 shares during the last quarter.
Shares of Brixmor Property Group (BRX) traded up 0.66% during midday trading on Friday, hitting $19.76. 1,563,199 shares of the stock traded hands. The firm’s 50 day moving average price is $18.58 and its 200 day moving average price is $20.66. Brixmor Property Group has a 12-month low of $17.35 and a 12-month high of $29.14. The company has a market capitalization of $6.03 billion, a PE ratio of 20.25 and a beta of 0.53.
Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $322.80 million for the quarter, compared to analyst estimates of $315.69 million. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The firm’s revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 EPS. Analysts expect that Brixmor Property Group will post $0.87 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Thursday, October 5th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.26%. Brixmor Property Group’s payout ratio is 106.12%.
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.
Receive News & Ratings for Brixmor Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.