Currently, the stock has a 1 Year Price Target of $22.12.
Beta is also an important valuation ratio for analyzing the stock of the company, BRX has Beta of 0.55 while its industry and Sector's beta remains at 0.42 and 1.47 respectively.
News coverage about Brixmor Property Group (NYSE:BRX) has trended somewhat positive on Saturday, Accern reports. Royal Bank Of Canada reiterated a "hold" rating and issued a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Finally, BidaskClub raised Brixmor Property Group from a "strong sell" rating to a "sell" rating in a research report on Tuesday, June 27th. 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. (BRX) traded down 0.51% during mid-day trading on Friday, hitting $19.53. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. (BRX) now has P/E (Price to Earnings) ratio of 20.31 while the company's industry has 31.42 P/E and the sector P/E is 22.54. The firm has a 50 day moving average price of $18.82 and a 200 day moving average price of $20.48. Brixmor Property Group has a 52-week low of $17.35 and a 52-week high of $29.14. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $322.80 million for the quarter, compared to the consensus estimate of $315.69 million. During the same period in the prior year, the firm earned $0.50 EPS. The firm's quarterly revenue was up 4.1% compared to the same quarter a year ago. In the last earnings report the EPS was $0.98 and is estimated to be $0.88 for the current year with 304,935,000 shares now outstanding.
TRADEMARK VIOLATION WARNING: This article was originally reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & global copyright & trademark legislation. The company recently announced a dividend to be paid on Monday October 16th, 2017. Stockholders of record on Thursday, October 5th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 5.33%. Wells Fargo upgraded Brixmor Property Group Inc (NYSE:BRX) on Monday, November 28 to "Outperform" rating. Brixmor Property Group's dividend payout ratio is now 106.12%.
A number of hedge funds and other institutional investors have recently modified their holdings of BRX. Metropolitan Life Insurance Co. Bank of New York Mellon Corp raised its stake in shares of Brixmor Property Group by 122.5% in the first quarter. Accern also gave news coverage about the real estate investment trust an impact score of 46.827489052952 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, July 31st. California Public Employees Retirement System controls 464,100 shares worth $8,298,000. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust's stock valued at $152,000 after buying an additional 5,203 shares during the period. Finally, LS Investment Advisors LLC raised its position in Brixmor Property Group by 17.5% in the second quarter. The fund owned 1,537,970 shares of the real estate investment trust's stock after buying an additional 1,229,970 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Brixmor Property Group by 159.5% in the second quarter. Gulf International Bank UK Ltd now owns 99,091 shares of the real estate investment trust's stock worth $2,126,000 after buying an additional 11,500 shares in the last quarter.