Mizuho reissued their buy rating on shares of Brixmor Property Group Inc. (NYSE:BRX) in a research report released on Friday, November 10th. The brokerage currently has a $19.50 price objective on the real estate investment trust’s stock.
A number of other equities research analysts have also weighed in on the stock. KeyCorp reaffirmed a hold rating on shares of Brixmor Property Group in a report on Friday, August 25th. Boenning Scattergood raised shares of Brixmor Property Group from a neutral rating to an outperform rating and set a $22.00 price objective for the company in a report on Tuesday, September 12th. BMO Capital Markets assumed coverage on shares of Brixmor Property Group in a research report on Monday, September 11th. They issued a market perform rating and a $20.00 price target on the stock. ValuEngine downgraded shares of Brixmor Property Group from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Brixmor Property Group from a hold rating to a sell rating in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Brixmor Property Group has a consensus rating of Hold and a consensus price target of $23.11.
Brixmor Property Group (NYSE:BRX) opened at $18.44 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $5,659.63, a P/E ratio of 8.80, a price-to-earnings-growth ratio of 1.80 and a beta of 0.51. Brixmor Property Group has a one year low of $17.23 and a one year high of $25.34.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.24). Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The company had revenue of $314.50 million for the quarter, compared to analysts’ expectations of $317.31 million. During the same period in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. equities analysts expect that Brixmor Property Group will post 2.08 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.97%. The ex-dividend date is Wednesday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s payout ratio is 98.11%.
In other news, EVP Mark Horgan bought 3,000 shares of Brixmor Property Group stock in a transaction dated Friday, November 3rd. The shares were bought at an average price of $17.64 per share, for a total transaction of $52,920.00. Following the purchase, the executive vice president now owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.27% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its holdings in Brixmor Property Group by 18.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 496,695 shares of the real estate investment trust’s stock valued at $9,338,000 after purchasing an additional 77,063 shares during the last quarter. Davis Selected Advisers acquired a new stake in Brixmor Property Group during the 3rd quarter valued at $2,874,000. IFM Investors Pty Ltd acquired a new stake in Brixmor Property Group during the 3rd quarter valued at $197,000. Sterling Capital Management LLC acquired a new stake in Brixmor Property Group during the 3rd quarter valued at $717,000. Finally, California Public Employees Retirement System lifted its holdings in Brixmor Property Group by 8.8% during the 3rd quarter. California Public Employees Retirement System now owns 505,005 shares of the real estate investment trust’s stock valued at $9,494,000 after purchasing an additional 40,905 shares during the last quarter.
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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