Shares of Brixmor Property Group Inc (NYSE:BRX) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are covering the company, Marketbeat reports. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $18.39.
Several research firms recently issued reports on BRX. Zacks Investment Research upgraded Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Barclays reiterated a “hold” rating and issued a $17.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, March 6th. BMO Capital Markets reiterated a “hold” rating and issued a $17.00 price objective on shares of Brixmor Property Group in a research report on Monday, February 11th. Finally, ValuEngine upgraded Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th.
BRX opened at $17.73 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.59 and a current ratio of 0.59. Brixmor Property Group has a 1 year low of $13.84 and a 1 year high of $18.71. The company has a market cap of $5.29 billion, a P/E ratio of 9.58, a P/E/G ratio of 2.22 and a beta of 0.77.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, February 11th. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.17). Brixmor Property Group had a return on equity of 12.82% and a net margin of 29.67%. The company had revenue of $297.66 million for the quarter, compared to the consensus estimate of $302.22 million. Research analysts forecast that Brixmor Property Group will post 1.89 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, April 5th were given a $0.28 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.32%. Brixmor Property Group’s dividend payout ratio is currently 60.54%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank lifted its stake in shares of Brixmor Property Group by 231.7% in the 4th quarter. First Hawaiian Bank now owns 6,900 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 4,820 shares during the period. Prudential PLC purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at approximately $154,000. Private Advisor Group LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at approximately $184,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at approximately $190,000. Finally, AlphaCrest Capital Management LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter valued at approximately $222,000. Institutional investors own 98.75% of the company’s stock.
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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