A number of research firms have changed their ratings and price targets for Brixmor Property Group (NYSE: BRX):

  • 8/7/2017 – Brixmor Property Group had its price target raised by analysts at Citigroup Inc. from $19.00 to $20.00. They now have a “neutral” rating on the stock.
  • 8/4/2017 – Brixmor Property Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Brixmor Property Group Inc. operates as a real estate investment trust. It owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers primarily in the United States. Brixmor Property Group Inc. is based in United States. “
  • 8/2/2017 – Brixmor Property Group had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $23.00 price target on the stock.
  • 8/2/2017 – Brixmor Property Group had its “hold” rating reaffirmed by analysts at Boenning Scattergood.
  • 7/18/2017 – Brixmor Property Group had its price target lowered by analysts at Barclays PLC from $22.00 to $21.00. They now have an “equal weight” rating on the stock.
  • 7/18/2017 – Brixmor Property Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Brixmor Property Group Inc. operates as a real estate investment trust. It owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers primarily in the United States. Brixmor Property Group Inc. is based in United States. “
  • 6/27/2017 – Brixmor Property Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/19/2017 – Brixmor Property Group had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $23.00 price target on the stock.
  • 6/16/2017 – Brixmor Property Group had its price target lowered by analysts at Barclays PLC from $23.00 to $22.00. They now have an “equal weight” rating on the stock.

Shares of Brixmor Property Group Inc. (BRX) traded down 1.3760% during trading on Friday, hitting $19.3599. 401,590 shares of the stock traded hands. Brixmor Property Group Inc. has a 52-week low of $17.35 and a 52-week high of $29.14. The stock has a 50 day moving average of $18.77 and a 200 day moving average of $20.52. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 19.8360 and a beta of 0.53.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.02. The firm had revenue of $322.80 million for the quarter, compared to analyst estimates of $315.69 million. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. Brixmor Property Group’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. Analysts expect that Brixmor Property Group Inc. will post $0.88 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Thursday, October 5th will be given a $0.26 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $1.04 dividend on an annualized basis and a yield of 5.30%. Brixmor Property Group’s dividend payout ratio is currently 106.12%.

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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