Brixmor Property Group (BRX) Receives Media Impact Rating of 0.26
News headlines about Brixmor Property Group (NYSE:BRX) have trended positive on Thursday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brixmor Property Group earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.1111422393385 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Brixmor Property Group (NYSE:BRX) opened at 19.34 on Thursday. Brixmor Property Group has a one year low of $17.35 and a one year high of $29.14. The company has a 50-day moving average of $19.26 and a 200 day moving average of $19.67. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 19.82 and a beta of 0.54.
Brixmor Property Group (NYSE:BRX) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.02. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The firm had revenue of $322.80 million for the quarter, compared to analyst estimates of $315.69 million. During the same period in the previous year, the firm posted $0.50 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, analysts anticipate that Brixmor Property Group will post $0.86 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Thursday, October 5th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date is Wednesday, October 4th. Brixmor Property Group’s payout ratio is 106.12%.
BRX has been the topic of a number of research reports. Mizuho upgraded shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, August 14th. Barclays PLC reduced their target price on shares of 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. ValuEngine lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Friday, May 19th. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.85.
In other Brixmor Property Group news, Director John Schreiber bought 10,000 shares of Brixmor Property Group stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average cost of $18.72 per share, with a total value of $187,200.00. Following the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $374,400. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James M. Taylor, Jr. bought 15,600 shares of Brixmor Property Group stock in a transaction on 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 completion of the acquisition, the insider now directly owns 224,793 shares in the company, valued at $4,325,017.32. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.
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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