Brixmor Property Group's (BRX) "Hold" Rating Reaffirmed at Royal Bank Of Canada

Brunilde Fioravanti
Agosto 13, 2017

LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust's stock valued at $171,000 after buying an additional 1,420 shares in the last quarter. The value of the investment in (BRX) decreased from $79,247,000 to $48,859,000 decreasing 38.3% quarter over quarter.

Taylor James M Jr also bought $260,400 worth of Brixmor Property Group Inc (NYSE:BRX) shares. Brixmor Property Group updated its FY17 guidance to $2.05-$2.12 EPS.

Brixmor Property Group an internally managed real estate investment trust. Mn Services Vermogensbeheer B.V. increased its position in shares of Brixmor Property Group by 4.4% in the first quarter. Mckinley Capital Management LLC Delaware acquired a new position in shares of Brixmor Property Group during the first quarter worth about $131,000.

Dimensional Fund Advisors Lp says it increased its investment in Brixmor Property Group 5.8% in the quarter ending 06/30/2017. Nuveen Asset Management LLC now owns 4,610,796 shares of the real estate investment trust's stock valued at $98,948,000 after buying an additional 1,549,548 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Brixmor Property Group by 159.5% in the second quarter. The institutional investor owned 18,346 shares of the real estate investment trust's stock after selling 589 shares during the period.

Shares of Brixmor Property Group Inc.

Brixmor Property Group (BRX) traded down 0.51% during midday trading on Friday, reaching $19.53. Schwab Charles Investment invested in 2.05 million shares or 0.05% of the stock. Brixmor Property Group Inc. has a 52 week low of $17.35 and a 52 week high of $29.14.

Shares of the company are trading at $19.53 which is a tad above the 50 day moving average of $18.77 and which is slightly below the 200 day moving average of $20.52. The company has a market capitalization of $5.96 billion, a PE ratio of 20.01 and a beta of 0.53.

Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, July 31st. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.02. Brixmor Property Group had 33 analyst reports since August 7, 2015 according to SRatingsIntel. The business had revenue of $322.80 million during the quarter, compared to analyst estimates of $315.69 million. In contrast to the year ago quarter EPS was at 0.22. 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. Stockholders of record on Thursday, October 5th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date will be on Monday the 3rd of July 2017. Brixmor Property Group's payout ratio is presently 106.12%.


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August 7 investment analysts at Citigroup left the stock rating at "Neutral" but raised the price target to $20.00 from $19.00. BidaskClub raised shares of Brixmor Property Group from a strong sell rating to a sell rating in a research note on Tuesday, June 27th. Royal Bank Of Canada reissued a "hold" rating and issued a $23.00 price target on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Barclays PLC cut their target price on Brixmor Property Group from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, June 16th.

Several research analysts have recently issued reports on BRX shares. The stock now has an average rating of "Hold" and an average target price of $26.25. Brixmor Property Group earned a news impact score of 0.14 on Accern's scale. 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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