Brixmor Property Group’s (BRX) “Hold” Rating Reiterated at Boenning Scattergood
Boenning Scattergood restated their hold rating on shares of Brixmor Property Group Inc. (NYSE:BRX) in a research note published on Wednesday morning. Boenning Scattergood also issued estimates for Brixmor Property Group’s Q3 2017 earnings at $0.52 EPS, Q4 2017 earnings at $0.53 EPS, FY2017 earnings at $2.11 EPS, Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.54 EPS and FY2018 earnings at $2.15 EPS.
BRX has been the topic of several other reports. Zacks Investment Research upgraded Brixmor Property Group from a sell rating to a hold rating in a research report on Thursday, April 27th. Royal Bank Of Canada reiterated a hold rating and set a $23.00 price target on shares of Brixmor Property Group in a research report on Wednesday. Barclays PLC decreased their price target on Brixmor Property Group from $22.00 to $21.00 and set an equal weight rating on the stock in a research report on Tuesday, July 18th. Citigroup Inc. decreased their price target on Brixmor Property Group from $26.00 to $20.50 and set a neutral rating on the stock in a research report on Tuesday, May 9th. Finally, ValuEngine cut shares of Brixmor Property Group from a buy rating to a hold rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $26.30.
Shares of Brixmor Property Group (BRX) opened at 19.54 on Wednesday. The firm’s 50-day moving average is $18.58 and its 200-day moving average is $20.68. The firm has a market capitalization of $5.96 billion, a P/E ratio of 20.02 and a beta of 0.53. Brixmor Property Group has a 52 week low of $17.35 and a 52 week high of $29.14.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.02. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. The firm had revenue of $322.80 million for the quarter, compared to analysts’ expectations of $315.69 million. During the same period in the prior year, the business posted $0.50 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. Equities analysts anticipate that Brixmor Property Group will post $0.87 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio is currently 106.12%.
In other news, Director John Schreiber bought 10,000 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was acquired at an average price of $18.85 per share, with a total value of $188,500.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $188,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James M. Taylor, Jr. bought 5,300 shares of the business’s stock in a transaction on Monday, May 8th. The stock was purchased at an average cost of $18.77 per share, with a total value of $99,481.00. Following the purchase, the insider now owns 209,193 shares of the company’s stock, valued at $3,926,552.61. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 16,300 shares of company stock valued at $305,831. 0.27% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Mckinley Capital Management LLC Delaware bought a new stake in shares of Brixmor Property Group during the first quarter valued at $131,000. Pacer Advisors Inc. boosted its stake in shares of Brixmor Property Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust’s stock valued at $141,000 after buying an additional 209 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Brixmor Property Group by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 341 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Brixmor Property Group by 38.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,300 shares of the real estate investment trust’s stock valued at $200,000 after buying an additional 2,600 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of Brixmor Property Group during the first quarter valued at $204,000.
About Brixmor Property Group
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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