ValuEngine downgraded shares of Brixmor Property Group (NYSE:BRX) from a sell rating to a strong sell rating in a research note published on Monday morning.
A number of other analysts also recently issued reports on BRX. Evercore ISI raised shares of Brixmor Property Group from an in-line rating to an outperform rating in a research report on Monday, June 11th. Goldman Sachs Group initiated coverage on shares of Brixmor Property Group in a research report on Friday, May 18th. They set a buy rating and a $17.50 target price for the company. BMO Capital Markets set a $19.00 target price on shares of Brixmor Property Group and gave the stock a hold rating in a research report on Monday, April 30th. Finally, Boenning Scattergood reissued a hold rating on shares of Brixmor Property Group in a research report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Brixmor Property Group has an average rating of Hold and a consensus price target of $18.32.
Shares of Brixmor Property Group opened at $17.22 on Monday, Marketbeat.com reports. The stock has a market cap of $5.28 billion, a PE ratio of 8.24, a P/E/G ratio of 2.23 and a beta of 0.40. Brixmor Property Group has a 1-year low of $13.74 and a 1-year high of $20.59. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.67 and a current ratio of 0.67.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.31). The company had revenue of $317.17 million for the quarter, compared to analysts’ expectations of $315.84 million. Brixmor Property Group had a return on equity of 9.98% and a net margin of 22.73%. The company’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share. analysts forecast 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, July 16th. Shareholders of record on Friday, July 6th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 6.39%. The ex-dividend date of this dividend is Thursday, July 5th. Brixmor Property Group’s dividend payout ratio (DPR) is 52.63%.
In other news, CEO James M. Taylor, Jr. acquired 11,500 shares of the stock in a transaction on Friday, May 4th. The stock was bought at an average price of $14.65 per share, with a total value of $168,475.00. Following the completion of the transaction, the chief executive officer now directly owns 228,384 shares of the company’s stock, valued at $3,345,825.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John Schreiber acquired 10,000 shares of the stock in a transaction on Wednesday, May 9th. The stock was purchased at an average cost of $14.64 per share, with a total value of $146,400.00. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $366,000. The disclosure for this purchase can be found here. Insiders acquired 23,090 shares of company stock valued at $339,091 in the last ninety days. 0.33% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of BRX. Connable Office Inc. acquired a new stake in Brixmor Property Group in the first quarter valued at approximately $190,000. Candriam Luxembourg S.C.A. acquired a new stake in Brixmor Property Group in the first quarter valued at approximately $191,000. IBM Retirement Fund acquired a new stake in Brixmor Property Group in the first quarter valued at approximately $200,000. Teza Capital Management LLC acquired a new stake in Brixmor Property Group in the first quarter valued at approximately $222,000. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new stake in Brixmor Property Group in the first quarter valued at approximately $241,000. 99.25% of the stock is owned by institutional investors.
Brixmor Property Group Company Profile
Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company's more than 475 retail centers comprise 82 million square feet in established trade areas across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers.
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