BMO Capital Markets downgraded shares of Brixmor Property Group (NYSE:BRX) from a market perform rating to an underperform rating in a report issued on Tuesday, January 7th, Benzinga reports. BMO Capital Markets currently has $19.00 price objective on the real estate investment trust’s stock.
Other research analysts have also issued reports about the company. Evercore ISI lowered Brixmor Property Group from an outperform rating to an in-line rating in a report on Wednesday, November 27th. Zacks Investment Research upgraded shares of Brixmor Property Group from a hold rating to a buy rating and set a $24.00 price objective on the stock in a research note on Tuesday, October 29th. ValuEngine downgraded shares of Brixmor Property Group from a sell rating to a strong sell rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. upgraded Brixmor Property Group from a neutral rating to an overweight rating and lifted their price target for the company from $22.00 to $24.00 in a report on Wednesday, December 18th. Finally, KeyCorp upped their price objective on Brixmor Property Group from $22.00 to $24.00 and gave the stock an overweight rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $20.83.
BRX stock traded up $0.04 during trading on Tuesday, hitting $20.75. 22,571 shares of the company’s stock were exchanged, compared to its average volume of 1,874,669. The stock has a market capitalization of $6.17 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 2.40 and a beta of 0.72. Brixmor Property Group has a 52-week low of $15.81 and a 52-week high of $22.74. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1.76. The business has a 50-day moving average price of $21.23 and a two-hundred day moving average price of $20.07.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.20). Brixmor Property Group had a net margin of 24.75% and a return on equity of 10.41%. The company had revenue of $292.97 million during the quarter, compared to the consensus estimate of $290.51 million. During the same period in the prior year, the company posted $0.42 EPS. Brixmor Property Group’s quarterly revenue was down 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Brixmor Property Group will post 1.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th were issued a $0.285 dividend. The ex-dividend date was Friday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 5.49%. Brixmor Property Group’s dividend payout ratio (DPR) is 61.62%.
In other Brixmor Property Group news, insider Brian T. Finnegan sold 3,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $22.24, for a total value of $66,720.00. Following the transaction, the insider now directly owns 224,646 shares of the company’s stock, valued at approximately $4,996,127.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Steven F. Siegel sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $21.37, for a total value of $160,275.00. The disclosure for this sale can be found here. Insiders have sold a total of 21,000 shares of company stock valued at $455,070 over the last 90 days. 0.40% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Huntington National Bank bought a new stake in shares of Brixmor Property Group during the third quarter worth approximately $26,000. Phocas Financial Corp. bought a new stake in Brixmor Property Group in the 2nd quarter worth approximately $53,000. Institutional & Family Asset Management LLC purchased a new stake in shares of Brixmor Property Group during the 3rd quarter worth approximately $55,000. First Quadrant L P CA raised its holdings in shares of Brixmor Property Group by 1,263.2% during the 3rd quarter. First Quadrant L P CA now owns 3,040 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 2,817 shares in the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Brixmor Property Group during the 2nd quarter worth approximately $82,000. 99.20% of the stock is currently owned by hedge funds and other institutional investors.
About Brixmor Property Group
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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