News headlines about Brixmor Property Group (NYSE:BRX) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brixmor Property Group earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.2818705433004 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
- New retail REIT ShopOne looking to cash in on market dislocation (rew-online.com)
- Red Hot Chili Peppers to Perform at Stand Up for Heroes (einpresswire.com)
- Technical Snapshots for These REIT Stocks — Brixmor Property, CBL … (prnewswire.com)
- Head-To-Head Contrast: Brixmor Property Group (BRX) vs. The Competition (americanbankingnews.com)
- $0.51 Earnings Per Share Expected for Brixmor Property Group Inc. (BRX) This Quarter (americanbankingnews.com)
Brixmor Property Group (NYSE:BRX) opened at 19.08 on Friday. Brixmor Property Group has a 1-year low of $17.35 and a 1-year high of $27.24. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 19.55 and a beta of 0.53. The firm’s 50-day moving average is $18.94 and its 200 day moving average is $19.22.
Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The business had revenue of $322.80 million during the quarter, compared to the consensus estimate of $315.69 million. During the same period last year, the company earned $0.50 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts anticipate that Brixmor Property Group will post $0.86 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio (DPR) is presently 106.12%.
A number of research analysts recently weighed in on BRX shares. Barclays PLC reissued a “hold” rating and issued a $22.00 target price on shares of Brixmor Property Group in a report on Monday, August 14th. Mizuho raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a report on Monday, August 14th. BMO Capital Markets started coverage on shares of Brixmor Property Group in a report on Monday, September 11th. They issued a “market perform” rating and a $20.00 target price for the company. BidaskClub raised shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 target price on shares of Brixmor Property Group in a report on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $23.50.
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In other Brixmor Property Group news, insider James M. Taylor, Jr. purchased 15,600 shares of the stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $19.24 per share, for a total transaction of $300,144.00. Following the acquisition, the insider now owns 224,793 shares in the company, valued at approximately $4,325,017.32. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Schreiber purchased 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of $18.72 per share, with a total value of $187,200.00. Following the completion of the acquisition, the director now owns 20,000 shares in the company, valued at approximately $374,400. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.
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.
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