Shares of Brixmor Property Group Inc (NYSE:BRX) have been given a consensus rating of “Hold” by the fifteen brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $17.88.
BRX has been the topic of several analyst reports. Citigroup upgraded shares of Brixmor Property Group to an “overweight” rating and increased their price target for the stock from $19.00 to $21.00 in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. ValuEngine lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. SunTrust Banks set a $18.00 price target on shares of Brixmor Property Group and gave the stock a “buy” rating in a research note on Friday, March 2nd. Finally, Mizuho upgraded shares of Brixmor Property Group from a “neutral” rating to a “buy” rating in a research note on Thursday, February 22nd.
In other news, CEO James M. Taylor, Jr. acquired 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was acquired at an average cost of $15.55 per share, with a total value of $116,625.00. Following the acquisition, the chief executive officer now owns 216,884 shares in the company, valued at $3,372,546.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Horgan acquired 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average cost of $14.94 per share, with a total value of $67,230.00. Following the completion of the acquisition, the executive vice president now owns 62,769 shares in the company, valued at approximately $937,768.86. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 12,750 shares of company stock valued at $195,495. 0.33% of the stock is owned by insiders.
Shares of BRX traded up $0.10 during mid-day trading on Wednesday, hitting $14.66. 2,054,882 shares of the company’s stock were exchanged, compared to its average volume of 3,712,764. Brixmor Property Group has a twelve month low of $13.74 and a twelve month high of $22.02. The firm has a market cap of $4,436.49, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 1.81 and a beta of 0.39. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.95.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.27). Brixmor Property Group had a return on equity of 10.30% and a net margin of 23.40%. The business had revenue of $320.06 million for the quarter, compared to analyst estimates of $312.97 million. During the same quarter last year, the company earned $0.53 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. research analysts predict that Brixmor Property Group will post 2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, April 5th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 7.50%. The ex-dividend date is Wednesday, April 4th. Brixmor Property Group’s dividend payout ratio is currently 52.63%.
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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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