Brixmor Property Group Inc. (BRX) Shares Gap Up After Earnings Beat

Zacks Investment Research downgraded shares of Brixmor Property Group from a "hold" rating to a "sell" rating in a research report on Tuesday, July 18th. The stock of Brixmor Property Group Inc (NYSE:BRX) earned "Hold" rating by Deutsche Bank on Monday, July 18. Royal Bank Of Canada reiterated a "hold" rating and set a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. ValuEngine downgraded shares of Brixmor Property Group from a buy rating to a hold rating in a research note on Friday, June 2nd. Citigroup Inc. cut their target price on Brixmor Property Group from $26.00 to $20.50 and set a "neutral" rating on the stock in a research report on Tuesday, May 9th.

Several equities analysts recently issued reports on the company. (BRX) traded down 0.51% during mid-day trading on Friday, hitting $19.53. Schwab Charles Investment invested in 2.05 million shares or 0.05% of the stock. The stock has a market capitalization of $5.96 billion, a PE ratio of 20.01 and a beta of 0.53.

It is trading at $19.53 marginally over $18.77, the 50 day moving average and which is just under the 200 day moving average of $20.52.

ILLEGAL ACTIVITY NOTICE: "Brixmor Property Group Inc". First Manhattan Co. owned 0.50% of Brixmor Property Group worth $27,498,000 at the end of the most recent reporting period. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.02, Bloomberg Earnings reports.

5 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 322.16 million while high and low sale targets are estimated at 331.8 million and 316.4 million respectively. Brixmor Property Group had 33 analyst reports since August 7, 2015 according to SRatingsIntel. About shares traded. Brixmor Property Group Inc (NYSE:BRX) has declined 24.49% since August 11, 2016 and is downtrending. On average, equities analysts anticipate that Brixmor Property Group Inc. will post $0.88 earnings per share for the current fiscal year. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and worldwide copyright and trademark law. "(BRX) Shares Gap Up After Earnings Beat" was reported by Community Financial News and is the property of of Community Financial News.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. 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 dividend yield of 5.33%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group's dividend payout ratio (DPR) is presently 106.12%.

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp now owns 3,533,889 shares of the real estate investment trust's stock valued at $75,840,000 after buying an additional 1,945,697 shares in the last quarter. Accern also gave news coverage about the real estate investment trust an impact score of 46.827489052952 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term. Mn Services Vermogensbeheer B.V. increased its position in shares of Brixmor Property Group by 4.4% in the first quarter. 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. Mn Services Vermogensbeheer B.V. raised its position in shares of Brixmor Property Group by 4.4% in the first quarter.

Brixmor Property Group Inc., launched on May 27, 2011, is an internally managed real estate investment trust. Macquarie Group Ltd. raised its position in shares of Brixmor Property Group by 8.0% in the fourth quarter. Pensionfund Sabic now owns 41,711 shares of the real estate investment trust's stock worth $895,000 after buying an additional 3,000 shares in the last quarter. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership).

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