Mizuho restated their buy rating on shares of Brixmor Property Group Inc. (NYSE:BRX) in a research report report published on Friday morning. They currently have a $19.50 price objective on the real estate investment trust’s stock.
BRX has been the topic of several other reports. Barclays PLC reissued a hold rating and issued a $22.00 target price on shares of Brixmor Property Group in a report on Monday, August 14th. Zacks Investment Research downgraded Brixmor Property Group from a hold rating to a sell rating in a report on Thursday, November 2nd. Boenning Scattergood set a $22.00 target price on Brixmor Property Group and gave the stock a buy rating in a report on Wednesday, November 1st. BMO Capital Markets started coverage on Brixmor Property Group in a report on Monday, September 11th. They issued a market perform rating and a $20.00 target price on the stock. Finally, ValuEngine raised Brixmor Property Group from a hold rating to a buy rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Brixmor Property Group has an average rating of Hold and a consensus target price of $23.11.
Shares of Brixmor Property Group (NYSE BRX) opened at $18.02 on Friday. 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 has a 1-year low of $17.23 and a 1-year high of $25.34. The company has a market capitalization of $5,565.10, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 1.71 and a beta of 0.51.
Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $317.31 million. During the same period last year, the firm posted $0.51 earnings per share. The company’s revenue was down 1.3% compared to the same quarter last year. sell-side analysts anticipate that Brixmor Property Group will post 2.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be issued a dividend of $0.275 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date is Wednesday, January 3rd. Brixmor Property Group’s dividend payout ratio is presently 98.11%.
In other news, insider James M. Taylor, Jr. acquired 15,600 shares of Brixmor Property Group stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average price of $19.24 per share, for a total transaction of $300,144.00. Following the completion of the transaction, the insider now owns 224,793 shares in the company, valued at $4,325,017.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Horgan acquired 3,000 shares of Brixmor Property Group stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average price of $17.64 per share, with a total value of $52,920.00. Following the transaction, the executive vice president now owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 28,600 shares of company stock worth $540,264. Corporate insiders own 0.27% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in Brixmor Property Group during the third quarter valued at $100,000. Pacer Advisors Inc. increased its position in Brixmor Property Group by 8.4% during the second quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 554 shares during the last quarter. Meeder Asset Management Inc. increased its position in Brixmor Property Group by 621.1% during the third quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 6,845 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Brixmor Property Group by 159.5% during the second quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 5,203 shares during the last quarter. Finally, LS Investment Advisors LLC increased its position in Brixmor Property Group by 17.5% during the second quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 1,420 shares during the last quarter. Institutional investors own 99.51% 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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