Shares of Brixmor Property Group Inc. (NYSE:BRX) have received an average rating of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $25.81.
A number of research analysts recently commented on BRX shares. Barclays PLC lowered their price objective on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Friday, June 16th. Royal Bank Of Canada reiterated a “hold” rating and set a $23.00 price objective on shares of Brixmor Property Group in a research note on Monday, June 19th. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Boenning Scattergood reiterated a “hold” rating on shares of Brixmor Property Group in a research note on Wednesday, August 2nd. Finally, ValuEngine lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd.
Brixmor Property Group (BRX) opened at 19.76 on Monday. The stock has a 50 day moving average price of $18.71 and a 200 day moving average price of $20.52. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 20.25 and a beta of 0.53. Brixmor Property Group has a 52-week low of $17.35 and a 52-week high of $29.14.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The company had revenue of $322.80 million for the quarter, compared to analyst estimates of $315.69 million. During the same quarter last year, the business earned $0.50 earnings per share. Brixmor Property Group’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts expect that Brixmor Property Group will post $0.87 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s payout ratio is 106.12%.
A number of institutional investors have recently bought and sold shares of BRX. Comerica Bank raised its position in Brixmor Property Group by 22.3% in the fourth quarter. Comerica Bank now owns 20,503 shares of the real estate investment trust’s stock worth $497,000 after buying an additional 3,742 shares in the last quarter. GSA Capital Partners LLP raised its position in Brixmor Property Group by 34.5% in the fourth quarter. GSA Capital Partners LLP now owns 17,539 shares of the real estate investment trust’s stock worth $428,000 after buying an additional 4,503 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in Brixmor Property Group by 3.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,828 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 570 shares in the last quarter. Norges Bank purchased a new position in Brixmor Property Group during the fourth quarter worth approximately $64,235,000. Finally, Brookfield Asset Management Inc. raised its position in Brixmor Property Group by 6.7% in the fourth quarter. Brookfield Asset Management Inc. now owns 5,614,019 shares of the real estate investment trust’s stock worth $137,094,000 after buying an additional 350,140 shares in the last quarter.
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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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