Brixmor Property Group Inc. (NYSE:BRX) Receives $26.00 Average PT from Brokerages
Brixmor Property Group Inc. (NYSE:BRX) has been given a consensus recommendation of “Hold” by the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $25.81.
Several analysts recently issued reports on the company. Citigroup Inc. increased their target price on Brixmor Property Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday. Zacks Investment Research upgraded Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Royal Bank Of Canada reiterated a “hold” rating and set a $23.00 target price on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Barclays PLC cut their price target on Brixmor Property Group from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Tuesday, July 18th. Finally, Boenning Scattergood restated a “hold” rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd.
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Brixmor Property Group (BRX) opened at 19.69 on Monday. The stock’s 50 day moving average price is $18.58 and its 200 day moving average price is $20.68. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 20.17 and a beta of 0.53. Brixmor Property Group has a one year low of $17.35 and a one year high of $29.14.
Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $322.80 million during the quarter, compared to analysts’ expectations of $315.69 million. During the same quarter last year, the business posted $0.50 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. Equities analysts predict that Brixmor Property Group will post $0.87 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio is currently 106.12%.
In related news, Director John Schreiber purchased 10,000 shares of Brixmor Property Group stock in a transaction dated Thursday, May 11th. The stock was purchased at an average cost of $18.85 per share, with a total value of $188,500.00. Following the transaction, the director now owns 10,000 shares in the company, valued at approximately $188,500. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.27% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its position in shares of Brixmor Property Group by 30.0% in the first quarter. State of Alaska Department of Revenue now owns 148,260 shares of the real estate investment trust’s stock valued at $3,180,000 after buying an additional 34,210 shares during the period. Duff & Phelps Investment Management Co. boosted its position in Brixmor Property Group by 7.6% in the first quarter. Duff & Phelps Investment Management Co. now owns 2,500,788 shares of the real estate investment trust’s stock worth $53,667,000 after buying an additional 176,035 shares during the last quarter. DnB Asset Management AS boosted its position in Brixmor Property Group by 25.4% in the first quarter. DnB Asset Management AS now owns 24,200 shares of the real estate investment trust’s stock worth $519,000 after buying an additional 4,900 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Brixmor Property Group during the first quarter worth $343,000. Finally, Gulf International Bank UK Ltd boosted its position in Brixmor Property Group by 13.1% in the first quarter. Gulf International Bank UK Ltd now owns 99,091 shares of the real estate investment trust’s stock worth $2,126,000 after buying an additional 11,500 shares during the last quarter.
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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