According to Bloomberg, the fifteen analysts actively monitoring Brixmor Property Group INC (NYSE: BRX) have given the stock an average rating of “Moderate Buy,” which indicates a willingness to purchase the stock shortly.
This information was obtained from the analysts’ ratings of the company’s stock. Seven analysts have given the company a recommendation to buy its stock; four analysts have recommended that the company’s stock be held; and a single analyst has recommended that the company’s stock be sold.
The average price target for the stock covered by analysts in the previous year is currently set at $24.42 and is expected to be reached within the next 12 months.
The most recent quarterly earnings report for Brixmor Property Group, traded on the NYSE under the symbol BRX, was made public on Thursday, February 14.
The real estate investment trust reported a profit of $0.35 for the quarter, which was $0.14 less than the consensus expectation of $0.49.
The revenue for the quarter came in at $308.57 million, which is considerably less than the average projection of $310.70 million made for the quarter.
Brixmor Property Group had a return on equity of 12.57%, and their net margin was 29.08%.
Both of these figures are percentages. Compared to the same period the previous year, the third quarter of 2018 saw a revenue increase of 4.5% for Brixmor Property Group.
Profits per share for the company came in at $0.46 for the same period the year before.
The majority opinion held by professionals in the real estate sector is that Brixmor Property Group will achieve profits of $2 per share in 2018.
On Thursday, the stock traded under the NYSE: BRX” and opened for $21.08.
The enterprise currently carries a P/E ratio of 18.17, a PEG ratio of 1.70, and a beta coefficient of 1.60, all of which contribute to its current market value of $6.33 billion.
During the previous year, the price of a share of Brixmor Property Group fluctuated between $17.62 and $27.19, hitting a low of $17.62 and a high of $27.19.
The stock’s simple moving average over the past 50 days is $22.68; its simple moving average over the past 200 days is, respectively, $21.78.
The current ratio is 0.57, the quick ratio is 0.57, and the debt-to-equity ratio is 1.76.
All of these numbers are very similar.
These are all numbers that are very close to one another.
BRX has been given significant attention in various separate analyst reports over the most recent months.
In a report released on Tuesday, December 6, Barclays increased their price target for Brixmor Property Group from $26.00 to $28.00.
The brokerage firm also gave an “overweight” rating to the company’s shares of stock to reflect its market sentiment.
Brixmor Property Group was upgraded from “peer perform” to “outperform” by Wolfe Research on December 15, reflecting the company’s improved performance in comparison to that of its rivals.
In addition, the company has projected that the stock will reach $29 within the next twelve months.
According to a report released on Thursday, StockNews.com has, at long last, begun covering the Brixmor Property Group.
The news was shared in an article.
They encouraged shareholders to “keep” the stock in their holdings rather than sell it.
The company has also announced that it will be paying a quarterly dividend to its shareholders, which is scheduled to take place on Monday, April 17. On April 4, shareholders identified as such will be eligible for a dividend payment of $0.26 per share.
This payment will be made available to shareholders.
The deadline for shareholders to submit their tax payments about this dividend has been set for Monday, April 3.
This results in a yield of 4.93 percent and an annual dividend payment of 1.04 dollars.
The dividend payout ratio (DPR) for Brixmor Property Group is 89.66%.
Institutional investors and hedge funds have recently been very active in the stock market, purchasing and selling shares back and forth.
During the first three months of the year, Wellington Management Group LLP saw a rise of 99.4% in the proportion of Brixmor Property Group, in which it holds an interest.
After purchasing an additional 10,028,534 shares during the most recent quarter, Wellington Management Group LLP now holds 20,119,950 shares of the REIT’s stock, which has a market value of $519,296,000.
These shares were acquired as a result of the purchase o