Royal Bank Of Canada restated their hold rating on shares of Brixmor Property Group Inc. (NYSE:BRX) in a research report report published on Thursday, November 2nd. They currently have a $22.00 price target on the real estate investment trust’s stock.
BRX has been the subject of several other research reports. Barclays PLC reissued a hold rating and set a $22.00 price objective on shares of Brixmor Property Group in a report on Monday, August 14th. Boenning Scattergood restated a hold rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. ValuEngine upgraded Brixmor Property Group from a hold rating to a buy rating in a research report on Monday, October 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, Citigroup Inc. boosted their price objective on Brixmor Property Group from $19.00 to $20.00 and gave the company a neutral rating in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $23.11.
Brixmor Property Group (NYSE:BRX) traded up $0.08 during midday trading on Thursday, hitting $18.10. The stock had a trading volume of 2,028,500 shares, compared to its average volume of 2,847,561. Brixmor Property Group has a 12 month low of $17.23 and a 12 month high of $25.34. The company has a market cap of $5,520.00, a PE ratio of 8.54, a price-to-earnings-growth ratio of 1.69 and a beta of 0.51. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.96.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.24). The firm had revenue of $314.50 million during the quarter, compared to analysts’ expectations of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.51 EPS. equities research analysts forecast that Brixmor Property Group will post 2.08 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 6.08%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, January 3rd. Brixmor Property Group’s dividend payout ratio is presently 98.11%.
In related news, Director John Schreiber acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average price of $18.72 per share, with a total value of $187,200.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $374,400. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Horgan acquired 3,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was bought at an average cost of $17.64 per share, for a total transaction of $52,920.00. Following the purchase, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The disclosure for this purchase can be found here. Over the last three months, insiders bought 28,600 shares of company stock worth $540,264. Insiders own 0.27% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of BRX. Fuller & Thaler Asset Management Inc. bought a new position in shares of Brixmor Property Group in the third quarter worth about $100,000. Pacer Advisors Inc. grew its holdings in Brixmor Property Group by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 554 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Brixmor Property Group by 621.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 6,845 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Brixmor Property Group by 159.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 5,203 shares in the last quarter. Finally, LS Investment Advisors LLC grew its holdings in Brixmor Property Group by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 1,420 shares in the last quarter. 99.51% of the stock is currently owned by hedge funds and other institutional investors.
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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