Brixmor Property Group Inc. (BRX) Earns Hold Rating from KeyCorp
BRX has been the topic of a number of other reports. Citigroup Inc. increased their price objective on shares of Brixmor Property Group from $19.00 to $20.00 and gave the stock a neutral rating in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Brixmor Property Group from a sell rating to a hold rating in a research note on Thursday, April 27th. Royal Bank Of Canada restated a hold rating and issued a $23.00 target price on shares of Brixmor Property Group in a research note on Wednesday, August 2nd. Mizuho upgraded shares of Brixmor Property Group from a neutral rating to a buy rating and set a $22.00 target price on the stock in a research note on Monday, August 14th. Finally, Barclays PLC dropped their target price on shares of Brixmor Property Group from $22.00 to $21.00 and set an equal weight rating on the stock in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $25.06.
Brixmor Property Group (NYSE:BRX) opened at 19.23 on Friday. The stock has a 50 day moving average price of $19.08 and a 200-day moving average price of $20.12. The firm has a market capitalization of $5.86 billion, a P/E ratio of 19.70 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 posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Zacks’ 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 period in the prior year, the company posted $0.50 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts anticipate that Brixmor Property Group will post $0.86 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 4th. This represents a $1.04 dividend on an annualized basis and a yield of 5.41%. Brixmor Property Group’s payout ratio is 106.12%.
In other news, Director John Schreiber bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average price of $18.72 per share, with a total value of $187,200.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $374,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James M. Taylor, Jr. bought 15,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average cost of $19.24 per share, with a total value of $300,144.00. Following the transaction, the insider now directly owns 224,793 shares of the company’s stock, valued at $4,325,017.32. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Teachers Advisors LLC boosted its position in Brixmor Property Group by 25.3% in the fourth quarter. Teachers Advisors LLC now owns 350,838 shares of the real estate investment trust’s stock worth $8,567,000 after buying an additional 70,784 shares in 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 in the last quarter. Mn Services Vermogensbeheer B.V. boosted its position 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 in the last quarter. Korea Investment CORP boosted its position in Brixmor Property Group by 4.0% in the first quarter. Korea Investment CORP now owns 415,800 shares of the real estate investment trust’s stock worth $8,923,000 after buying an additional 15,900 shares in the last quarter. Finally, First Quadrant L P CA bought a new position in Brixmor Property Group during the first quarter worth about $12,129,000.
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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