Mizuho reiterated their buy rating on shares of Brixmor Property Group Inc. (NYSE:BRX) in a report issued on Friday morning. Mizuho currently has a $19.50 target price on the real estate investment trust’s stock.
Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada reaffirmed a hold rating and set a $23.00 price target on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Zacks Investment Research cut Brixmor Property Group from a hold rating to a sell rating in a report on Tuesday, July 18th. Barclays PLC dropped their price target on Brixmor Property Group from $22.00 to $21.00 and set an equal weight rating for the company in a report on Tuesday, July 18th. KeyCorp reaffirmed a hold rating on shares of Brixmor Property Group in a report on Friday, August 25th. Finally, Boenning Scattergood reaffirmed a hold rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $23.11.
Shares of Brixmor Property Group (NYSE BRX) opened at $18.25 on Friday. Brixmor Property Group has a twelve month low of $17.23 and a twelve month high of $25.34. The firm has a market capitalization of $5,565.10, a price-to-earnings ratio of 8.65, a P/E/G ratio of 1.71 and a beta of 0.51. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.24). Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The business had revenue of $314.50 million for the quarter, compared to analyst estimates of $317.31 million. During the same period in the prior year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. equities analysts anticipate that Brixmor Property Group will post 2.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be paid a $0.275 dividend. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. This represents a $1.10 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend is Wednesday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is 98.11%.
In related news, insider James M. Taylor, Jr. purchased 15,600 shares of Brixmor Property Group stock in a transaction dated Thursday, August 17th. The shares were acquired at an average cost of $19.24 per share, for a total transaction of $300,144.00. Following the transaction, the insider now directly owns 224,793 shares of the company’s stock, valued at $4,325,017.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Horgan purchased 3,000 shares of Brixmor Property Group stock in a transaction dated Friday, November 3rd. The stock was bought at an average price of $17.64 per share, for a total transaction of $52,920.00. Following the completion of the transaction, the executive vice president now directly owns 56,703 shares in the company, valued at $1,000,240.92. The disclosure for this purchase can be found here. Insiders bought a total of 28,600 shares of company stock valued at $540,264 over the last three months. Insiders own 0.27% of the company’s stock.
Several large 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 3rd quarter worth $100,000. Pacer Advisors Inc. boosted its position in shares of Brixmor Property Group by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 554 shares during the last quarter. Meeder Asset Management Inc. boosted its position in shares of Brixmor Property Group by 621.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 6,845 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Brixmor Property Group by 159.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 5,203 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its position in shares of Brixmor Property Group by 17.5% in the 2nd quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 1,420 shares during the last quarter.
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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