Brixmor Property Group Inc. (NYSE:BRX) Now Covered by BMO Capital Markets

BMO Capital Markets started coverage on shares of Brixmor Property Group Inc. (NYSE:BRX) in a research note published on Monday, September 11th, MarketBeat reports. The firm issued a market perform rating and a $20.00 target price on the real estate investment trust’s stock.

A number of other equities analysts also recently commented on BRX. Royal Bank Of Canada reiterated a hold rating and set a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Barclays PLC reiterated a hold rating and set a $22.00 price objective on shares of Brixmor Property Group in a research report on Monday, August 14th. Boenning Scattergood reiterated a hold rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded Brixmor Property Group from a sell rating to a hold rating in a research report on Friday, August 4th. Finally, Mizuho upgraded Brixmor Property Group from a neutral rating to a buy rating and set a $22.00 price objective on the stock in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $23.85.

Brixmor Property Group (NYSE BRX) opened at 18.66 on Monday. The firm has a market cap of $5.69 billion, a P/E ratio of 19.12 and a beta of 0.54. The firm’s 50-day moving average is $19.24 and its 200 day moving average is $19.54. Brixmor Property Group has a 12-month low of $17.35 and a 12-month high of $29.14.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data 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. The company had revenue of $322.80 million for the quarter, compared to analyst estimates of $315.69 million. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. Brixmor Property Group’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. Equities analysts forecast that Brixmor Property Group will post $0.86 earnings per share for the current year.

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The business also recently announced 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. The ex-dividend date is Wednesday, October 4th. This represents a $1.04 annualized dividend and a yield of 5.57%. Brixmor Property Group’s payout ratio is 106.12%.

In other Brixmor Property Group news, Director John Schreiber acquired 10,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average cost of $18.72 per share, with a total value of $187,200.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $374,400. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James M. Taylor, Jr. bought 15,600 shares of Brixmor Property Group stock in a transaction dated Thursday, August 17th. The stock was purchased at an average cost of $19.24 per share, with a total value of $300,144.00. Following the completion of the acquisition, the insider now directly owns 224,793 shares in the company, valued at approximately $4,325,017.32. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

Several institutional investors have recently bought and sold shares of BRX. Canada Pension Plan Investment Board lifted its holdings in shares of Brixmor Property Group by 136.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 49,700 shares of the real estate investment trust’s stock valued at $1,067,000 after purchasing an additional 28,700 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Brixmor Property Group by 22.7% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 13,054 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 2,415 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Brixmor Property Group by 16.8% in the 1st quarter. Advisors Asset Management Inc. now owns 13,120 shares of the real estate investment trust’s stock worth $282,000 after acquiring an additional 1,886 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Brixmor Property Group by 152.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 20,348 shares of the real estate investment trust’s stock worth $447,000 after acquiring an additional 12,282 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Brixmor Property Group by 122.5% in the 1st quarter. Bank of New York Mellon Corp now owns 3,533,889 shares of the real estate investment trust’s stock worth $75,840,000 after acquiring an additional 1,945,697 shares during the period.

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.

Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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