BMO Capital Markets reiterated their hold rating on shares of Brixmor Property Group (NYSE:BRX) in a research report sent to investors on Wednesday morning, AnalystRatings.com reports. BMO Capital Markets currently has a $17.00 target price on the real estate investment trust’s stock.
A number of other brokerages have also issued reports on BRX. Zacks Investment Research upgraded Brixmor Property Group from a hold rating to a buy rating and set a $20.00 target price on the stock in a research report on Tuesday, July 16th. ValuEngine downgraded Brixmor Property Group from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Stifel Nicolaus increased their price objective on Brixmor Property Group from $17.50 to $18.00 and gave the company a hold rating in a research note on Tuesday, April 30th. Finally, KeyCorp set a $20.00 price objective on Brixmor Property Group and gave the company a buy rating in a research note on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $18.89.
Shares of NYSE:BRX traded down $0.08 during midday trading on Wednesday, reaching $18.90. 103,339 shares of the company’s stock traded hands, compared to its average volume of 2,421,534. Brixmor Property Group has a 1 year low of $14.11 and a 1 year high of $19.11. The stock has a market cap of $5.65 billion, a P/E ratio of 10.26, a P/E/G ratio of 2.15 and a beta of 0.73. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.52 and a current ratio of 0.52. The company has a fifty day simple moving average of $18.19.
Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.24). Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.59%. The business had revenue of $291.00 million for the quarter, compared to analysts’ expectations of $286.99 million. During the same quarter last year, the business earned $0.51 EPS. The company’s quarterly revenue was down 7.0% on a year-over-year basis. On average, sell-side analysts forecast that Brixmor Property Group will post 1.9 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, October 4th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.93%. The ex-dividend date is Thursday, October 3rd. Brixmor Property Group’s dividend payout ratio is currently 60.54%.
Several institutional investors and hedge funds have recently modified their holdings of BRX. Machina Capital S.A.S. acquired a new stake in shares of Brixmor Property Group in the 2nd quarter worth $111,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Brixmor Property Group in the 4th quarter worth $190,000. LS Investment Advisors LLC acquired a new stake in shares of Brixmor Property Group in the 1st quarter worth $289,000. Oakbrook Investments LLC acquired a new stake in shares of Brixmor Property Group in the 1st quarter worth $300,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Brixmor Property Group in the 1st quarter worth $301,000. 98.23% of the stock is owned by institutional investors and hedge funds.
Brixmor Property Group Company Profile
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 425 retail centers comprise approximately 74 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.
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