Compass Point Initiates Coverage on Brixmor Property Group (NYSE:BRX)

Compass Point assumed coverage on shares of Brixmor Property Group (NYSE:BRX) in a report published on Thursday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $19.00 price target on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. ValuEngine cut Brixmor Property Group from a hold rating to a sell rating in a report on Tuesday, July 2nd. KeyCorp set a $20.00 target price on Brixmor Property Group and gave the company a buy rating in a report on Wednesday, June 19th. Stifel Nicolaus increased their target price on Brixmor Property Group from $17.50 to $18.00 and gave the company a hold rating in a report on Tuesday, April 30th. BMO Capital Markets reissued a hold rating and set a $17.00 target price on shares of Brixmor Property Group in a report on Wednesday, July 31st. Finally, Zacks Investment Research raised Brixmor Property Group from a hold rating to a buy rating and set a $21.00 target price for the company in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Brixmor Property Group has an average rating of Hold and a consensus price target of $19.00.

NYSE BRX opened at $18.51 on Thursday. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 2.15 and a beta of 0.74. Brixmor Property Group has a twelve month low of $14.11 and a twelve month high of $19.20. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.78. The stock has a 50-day moving average of $18.37 and a 200 day moving average of $17.99.



Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.24). Brixmor Property Group had a return on equity of 12.66% and a net margin of 30.07%. The business had revenue of $291.00 million during the quarter, compared to analyst estimates of $286.99 million. During the same period in the previous year, the company posted $0.51 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. Equities analysts predict that Brixmor Property Group will post 1.9 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, October 4th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 6.05%. Brixmor Property Group’s payout ratio is currently 60.54%.

Several hedge funds have recently bought and sold shares of BRX. Geode Capital Management LLC raised its holdings in Brixmor Property Group by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 4,744,481 shares of the real estate investment trust’s stock worth $69,696,000 after purchasing an additional 248,302 shares during the last quarter. Virtu Financial LLC bought a new position in Brixmor Property Group during the 1st quarter worth approximately $419,000. Louisiana State Employees Retirement System bought a new position in Brixmor Property Group during the 1st quarter worth approximately $1,470,000. Retirement Systems of Alabama bought a new position in Brixmor Property Group during the 1st quarter worth approximately $7,141,000. Finally, New Mexico Educational Retirement Board bought a new position in Brixmor Property Group during the 1st quarter worth approximately $1,047,000. Institutional investors and hedge funds own 98.23% of the company’s stock.

Brixmor Property Group Company Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 425 retail centers comprise approximately 74 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.

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Analyst Recommendations for Brixmor Property Group (NYSE:BRX)

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