Compass Point Initiates Coverage on Brixmor Property Group (NYSE:BRX)

Compass Point assumed coverage on shares of Brixmor Property Group (NYSE:BRX) in a research note published on Thursday morning, BenzingaRatingsTable reports. The firm issued a neutral rating and a $19.00 price objective on the real estate investment trust’s stock.

BRX has been the topic of several other reports. Stifel Nicolaus raised their price objective on Brixmor Property Group from $17.50 to $18.00 and gave the company a hold rating in a research note on Tuesday, April 30th. Zacks Investment Research upgraded Brixmor Property Group from a hold rating to a buy rating and set a $21.00 price objective on the stock in a research note on Wednesday, August 14th. ValuEngine cut Brixmor Property Group from a hold rating to a sell rating in a research note on Tuesday, July 2nd. KeyCorp set a $20.00 target price on Brixmor Property Group and gave the stock a buy rating in a research note on Wednesday, June 19th. Finally, BMO Capital Markets reiterated a hold rating and set a $17.00 target price on shares of Brixmor Property Group in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Brixmor Property Group has an average rating of Hold and an average target price of $19.00.

Shares of NYSE:BRX opened at $18.51 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.78. The stock’s fifty day simple moving average is $18.37 and its two-hundred day simple moving average is $17.99. Brixmor Property Group has a 1-year low of $14.11 and a 1-year high of $19.20. The stock has a market cap of $5.48 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 2.15 and a beta of 0.74.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.24). Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.66%. The company had revenue of $291.00 million for the quarter, compared to the consensus estimate of $286.99 million. During the same quarter last year, the business posted $0.51 earnings per share. Brixmor Property Group’s revenue was down 7.0% on a year-over-year basis. On average, sell-side analysts forecast that Brixmor Property Group will post 1.9 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date of this dividend is Thursday, October 3rd. Brixmor Property Group’s payout ratio is 60.54%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Phocas Financial Corp. bought a new stake in Brixmor Property Group in the 2nd quarter valued at about $5,287,000. NumerixS Investment Technologies Inc bought a new stake in Brixmor Property Group in the 2nd quarter valued at about $82,000. Machina Capital S.A.S. bought a new stake in Brixmor Property Group in the 2nd quarter valued at about $111,000. MAI Capital Management bought a new stake in Brixmor Property Group in the 2nd quarter valued at about $180,000. Finally, LS Investment Advisors LLC bought a new stake in Brixmor Property Group in the 1st quarter valued at about $289,000. Institutional investors own 98.23% 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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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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