Brixmor Property Group (BRX) Earning Somewhat Positive News Coverage, Accern Reports
Media headlines about Brixmor Property Group (NYSE:BRX) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news 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 news impact score of 0.06 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.3845761683213 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- $0.51 Earnings Per Share Expected for Brixmor Property Group Inc. (BRX) This Quarter (americanbankingnews.com)
- ShopOne, a National Grocery-Anchored Shopping Center REIT, Launches with 46 Assets in Eight States (enhancedonlinenews.com)
- Ex-Dividend Reminder: Wabash National, Brixmor Property Group and Erie Indemnity (nasdaq.com)
- Rubicon’s Retail REIT Recap (seekingalpha.com)
Shares of Brixmor Property Group (BRX) opened at 18.63 on Friday. The company has a 50-day moving average price of $18.95 and a 200 day moving average price of $19.31. Brixmor Property Group has a 52 week low of $17.35 and a 52 week high of $27.24. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 19.09 and a beta of 0.53.
Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. The business had revenue of $322.80 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 earnings per share. Analysts expect that Brixmor Property Group will post $0.86 EPS for the current fiscal year.
The business also recently declared 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. This represents a $1.04 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio is currently 106.12%.
Several analysts have recently weighed in on the company. Zacks Investment Research lowered Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. ValuEngine raised Brixmor Property Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Boenning Scattergood raised Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 price objective on the stock in a report on Tuesday, September 12th. BMO Capital Markets assumed coverage on Brixmor Property Group in a report on Monday, September 11th. They set a “market perform” rating and a $20.00 price objective on the stock. Finally, KeyCorp reissued a “hold” rating on shares of Brixmor Property Group in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.50.
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In related news, insider James M. Taylor, Jr. purchased 15,600 shares of Brixmor Property Group stock in a transaction that occurred on Thursday, August 17th. The shares were acquired at an average price of $19.24 per share, with a total value of $300,144.00. Following the completion of the transaction, the insider now directly owns 224,793 shares of the company’s stock, valued at approximately $4,325,017.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John Schreiber purchased 10,000 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of $18.72 per share, for a total transaction of $187,200.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $374,400. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.
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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