News articles about Brixmor Property Group (NYSE:BRX) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brixmor Property Group earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.2984251696622 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- EX-Dividend Schedule: Brixmor Property Group Raised its Dividend by 5.8%; Will Trade Ex-Dividend on January 03, 2018 (finance.yahoo.com)
- Brixmor Property Group Inc. (BRX) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- Interested In Brixmor Property Group Inc (NYSE:BRX)’s Upcoming $0.28 Dividend? You Have 5 Days Left (finance.yahoo.com)
- Entails a Thrust to Achieve Active Investors Attentions: Brixmor Property Group Inc. (NYSE:BRX) – Stock News Stop (stockmarketstop.com)
- The sentiment expressed by investors: Brixmor Property Group Inc. (BRX), DDR Corp. (DDR) – Market Movers (financialqz.com)
Several equities analysts have weighed in on BRX shares. BMO Capital Markets assumed coverage on Brixmor Property Group in a research note on Monday, September 11th. They issued a “market perform” rating and a $20.00 price target for the company. Boenning Scattergood upgraded Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Tuesday, September 12th. ValuEngine upgraded Brixmor Property Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research lowered Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $22.00 price target on shares of Brixmor Property Group in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. Brixmor Property Group currently has a consensus rating of “Hold” and a consensus target price of $21.25.
Brixmor Property Group (NYSE:BRX) traded up $0.18 on Tuesday, hitting $18.66. The stock had a trading volume of 1,436,400 shares, compared to its average volume of 2,822,498. The company has a market capitalization of $5,690.13, a PE ratio of 17.60, a PEG ratio of 2.01 and a beta of 0.52. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. Brixmor Property Group has a 1-year low of $17.23 and a 1-year high of $25.34.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.24). Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The company had revenue of $314.50 million during the quarter, compared to the consensus estimate of $317.31 million. During the same quarter last year, the company earned $0.51 earnings per share. The business’s revenue was down 1.3% on a year-over-year basis. analysts anticipate that Brixmor Property Group will post 2.08 earnings per share for the current year.
Brixmor Property Group announced that its Board of Directors has approved a stock repurchase program on Tuesday, December 5th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Wednesday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s dividend payout ratio is presently 98.11%.
In other Brixmor Property Group news, EVP Mark Horgan bought 3,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were bought at an average price of $17.64 per share, for a total transaction of $52,920.00. Following the completion of the acquisition, the executive vice president now owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by corporate insiders.
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Brixmor Property Group Company Profile
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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