Zacks Investment Research upgraded shares of Brixmor Property Group Inc. (NYSE:BRX)'s stock has been a favorite of "smart money" aka institutions, as of late. Brixmor Property Group presently has an average rating of Hold and an average price target of $23.11.
BRX has been the topic of several other reports.
On November 2 Royal Bank Of Canada maintained a stock rating of "Hold" targeting a price of $22.00. Zacks Investment Research downgraded Brixmor Property Group from a hold rating to a sell rating in a report on Thursday, November 2nd. The stock of Brixmor Property Group Inc (NYSE:BRX) has "Buy" rating given on Tuesday, September 8 by Evercore.
On October 31 analysts at BMO Capital Markets released guidance on BRX with a rating of "Hold" and projecting a price target of $20.00. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Brixmor Property Group has an average rating of Hold and a consensus target price of $23.11. Teachers Ins And Annuity Association Of America reported 0.19% of its portfolio in Brixmor Property Group Inc (NYSE:BRX). On average, equities analysts anticipate that Brixmor Property Group Inc. will post $0.80 EPS for the current year. Brixmor Property Group has $31 highest and $20.0 lowest target.
Wall Street brokerages expect Brixmor Property Group Inc. Forward Management Ltd Llc invested 0.11% in Brixmor Property Group Inc (NYSE:BRX). The company had revenue of $314.50 million for the quarter, compared to the consensus estimate of $317.31 million. They expect this year's earnings to rise 0.97% year-over-year to $2.09, followed by 1.91% growth in the next year to $2.13. Comerica Bank raised its stake in shares of Brixmor Property Group by 15.1% during the 1st quarter. Finally, ValuEngine lowered shares of Brixmor Property Group from a buy rating to a hold rating in a research note on Friday, September 1st. "(BRX)" was first posted by BBNS and is the sole property of of BBNS. If you are reading this story on another site, it was stolen and reposted in violation of United States and global trademark & copyright law.
Brixmor Property Group Inc. most recently reported earnings per share (EPS) of $0.27 for the September 2017 versus $0.19 in the same quarter previous year, representing 42% growth. Shareholders of record on Thursday, January 4th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend was Tuesday, January 3rd. Brixmor Property Group's payout ratio is now 98.11%. The stock was bought at an average price of $19.24 per share, for a total transaction of $300,144.00. Following the completion of the purchase, the insider now directly owns 224,793 shares in the company, valued at $4,325,017.32. The purchase was disclosed in a document filed with the SEC, which is available through this link. The stock's average target of $124.33 is -44.75% below today's ($225.02) share price. The disclosure for this sale can be found here. Its sales stood at 2.80% a year on average in the period of last five years. Insiders own 0.22% of the company's stock. It dropped, as 21 investors sold LPLA shares while 56 reduced holdings.
Analysts await Brixmor Property Group Inc (NYSE:BRX) to report earnings on February, 12.
Meanwhile, during the same quarter Brixmor Property Group Inc. FTB Advisors, Inc. now controls 350 shares valued at $7,000. The stock of Brixmor Property Group Inc (NYSE:BRX) has "Overweight" rating given on Friday, December 16 by JP Morgan. Cohen & Steers Inc. now owns 37,044,411 shares of the real estate investment trust's stock worth $980,195,000 after buying an additional 8,757,021 shares during the period. Wellington Management Group LLP raised its stake in shares of Brixmor Property Group by 213.8% during the 1st quarter. Next year this growth will reach 19.44% to attain $0.86. Finally, LS Investment Advisors LLC increased its position in Brixmor Property Group by 17.5% during the second quarter. (BRX) belonging to the Real Estate sector has surged 1.9% and closed its last trading session at $18.25. Company insiders own 0.27% of the company's stock.
Brixmor Property Group Inc. has a beta of 1.31, offering the possibility of a higher rate of return, but also posing more risk. The Firm conducts its activities primarily through Brixmor Operating Partnership LP and subsidiaries.
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