Brixmor Property Group (NYSE:BRX) Sets New 12-Month High at $20.69

Brixmor Property Group Inc (NYSE:BRX) shares hit a new 52-week high on Thursday . The stock traded as high as $20.69 and last traded at $20.62, with a volume of 92331 shares trading hands. The stock had previously closed at $20.60.

Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Sandler O’Neill raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $19.00 to $21.00 in a research report on Tuesday, September 3rd. BMO Capital Markets reaffirmed a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, July 31st. Scotiabank lowered shares of Brixmor Property Group from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $20.00 to $19.00 in a research report on Friday, August 16th. Finally, Barclays reissued a “hold” rating and issued a $21.00 price target on shares of Brixmor Property Group in a research report on Sunday, October 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.00.

The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.47 and a current ratio of 0.47. The company’s 50 day moving average price is $19.78 and its 200 day moving average price is $18.56. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 2.33 and a beta of 0.74.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.23 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $291.00 million during the quarter, compared to analyst estimates of $286.99 million. During the same quarter in the prior year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. As a group, analysts predict that Brixmor Property Group Inc will post 1.91 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, October 4th were paid a $0.28 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.12 annualized dividend and a dividend yield of 5.40%. Brixmor Property Group’s dividend payout ratio is presently 60.54%.

In other news, Director James M. Taylor, Jr. bought 7,500 shares of Brixmor Property Group stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $18.50 per share, for a total transaction of $138,750.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Arizona State Retirement System boosted its stake in shares of Brixmor Property Group by 0.9% in the 2nd quarter. Arizona State Retirement System now owns 216,272 shares of the real estate investment trust’s stock valued at $3,867,000 after purchasing an additional 1,833 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Brixmor Property Group by 2.8% in the second quarter. Private Advisor Group LLC now owns 23,469 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 643 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Brixmor Property Group by 84.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 343,623 shares of the real estate investment trust’s stock valued at $6,144,000 after buying an additional 157,114 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Brixmor Property Group by 19.7% in the first quarter. First Trust Advisors LP now owns 800,573 shares of the real estate investment trust’s stock valued at $14,707,000 after buying an additional 131,654 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Brixmor Property Group by 561.4% in the second quarter. Panagora Asset Management Inc. now owns 85,758 shares of the real estate investment trust’s stock valued at $1,533,000 after buying an additional 72,791 shares during the last quarter. Institutional investors own 99.18% of the company’s stock.

Brixmor Property Group Company Profile (NYSE:BRX)

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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