Brixmor Property Group Inc. (NYSE:BRX) announced a quarterly dividend on Tuesday, February 14th. Shareholders of record on Wednesday, April 5th will be paid a dividend of 0.26 per share by the real estate investment trust on Monday, April 17th. This represents a $1.04 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Monday, April 3rd.
Shares of Brixmor Property Group (NYSE:BRX) opened at 23.90 on Wednesday. The firm’s 50-day moving average price is $24.37 and its 200 day moving average price is $25.83. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 30.18 and a beta of 0.54. Brixmor Property Group has a 52 week low of $22.71 and a 52 week high of $29.14.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, February 13th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. The business earned $324 million during the quarter, compared to analyst estimates of $322.05 million. Brixmor Property Group had a return on equity of 9.51% and a net margin of 21.60%. The company’s revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. On average, analysts anticipate that Brixmor Property Group will post $0.82 EPS for the current year.
BRX has been the subject of several research reports. TheStreet raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Monday, October 31st. Zacks Investment Research lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. J P Morgan Chase & Co raised Brixmor Property Group from a “neutral” rating to an “overweight” rating and set a $27.50 price objective for the company in a research note on Friday, December 16th. Wells Fargo & Company raised Brixmor Property Group from a “market perform” rating to an “outperform” rating in a research note on Monday, November 28th. Finally, Stifel Nicolaus reduced their price objective on Brixmor Property Group to $28.00 in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Brixmor Property Group currently has an average rating of “Buy” and an average price target of $27.54.
In other Brixmor Property Group news, insider Steven F. Siegel sold 6,000 shares of the firm’s stock in a transaction dated Friday, December 30th. The stock was sold at an average price of $24.31, for a total transaction of $145,860.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider James M. Taylor, Jr. bought 10,000 shares of the business’s stock in a transaction on Monday, November 21st. The shares were bought at an average price of $23.82 per share, for a total transaction of $238,200.00. Following the completion of the acquisition, the insider now owns 213,590 shares of the company’s stock, valued at $5,087,713.80. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by company 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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