Brixmor Property Group Inc. (NYSE:BRX) updated its FY17 earnings guidance on Monday. The company provided earnings per share guidance of $2.05-2.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.11.
Several brokerages have weighed in on BRX. Zacks Investment Research upgraded Brixmor Property Group from a hold rating to a buy rating and set a $27.00 target price for the company in a report on Monday, February 6th. Barclays PLC lowered their target price on Brixmor Property Group from $28.00 to $24.00 and set an equal weight rating for the company in a report on Monday, January 23rd. SunTrust Banks, Inc. raised Brixmor Property Group from a hold rating to a buy rating and set a $27.00 price target for the company in a research report on Thursday, January 19th. They noted that the move was a valuation call. J P Morgan Chase & Co raised Brixmor Property Group from a neutral rating to an overweight rating and set a $27.50 price target for the company in a research report on Friday, December 16th. Finally, Citigroup Inc. lowered Brixmor Property Group from a buy rating to a neutral rating in a research report on Tuesday, December 13th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $27.79.
Shares of Brixmor Property Group Inc. (NYSE:BRX) traded up 0.33% on Monday, hitting $24.48. The stock had a trading volume of 1,892,827 shares. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 30.91 and a beta of 0.54. Brixmor Property Group Inc. has a 12-month low of $22.33 and a 12-month high of $29.14. The stock has a 50 day moving average price of $24.37 and a 200-day moving average price of $25.91.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, February 13th. The real estate investment trust reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.02. The business had revenue of $324 million for the quarter, compared to analyst estimates of $322.05 million. Brixmor Property Group had a return on equity of 8.19% and a net margin of 18.62%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.51 EPS. On average, equities analysts expect that Brixmor Property Group Inc. will post $0.80 earnings per share for the current year.
In related news, EVP Steven F. Siegel sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $24.22, for a total value of $145,320.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider James M. Taylor, Jr. bought 10,000 shares of Brixmor Property Group stock in a transaction that occurred on Monday, November 21st. The stock was bought at an average cost of $23.82 per share, for a total transaction of $238,200.00. Following the purchase, the insider now owns 213,590 shares in the company, valued at approximately $5,087,713.80. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by corporate insiders.
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About Brixmor Property Group
Brixmor Property Group Inc and subsidiaries (collectively BPG) is an internally managed real estate investment trust (REIT). Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership) is the entity through which BPG conducts its operations and owns its assets. BPG owns 100% of the common stock of BPG Subsidiary Inc (BPG Sub), which is the sole member of Brixmor OP GP LLC (the General Partner), the sole general partner of the Operating Partnership.
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