Brixmor Property Group (BRX) Getting Somewhat Positive Press Coverage, Analysis Shows

News articles about Brixmor Property Group (NYSE:BRX) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brixmor Property Group earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 47.1492421786528 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Shares of Brixmor Property Group (NYSE:BRX) traded down $0.56 during mid-day trading on Wednesday, reaching $17.56. The company had a trading volume of 2,929,328 shares, compared to its average volume of 2,849,417. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $5,665.73, a PE ratio of 8.81, a P/E/G ratio of 2.00 and a beta of 0.52. Brixmor Property Group has a 52 week low of $17.23 and a 52 week high of $25.34.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.24). The company had revenue of $314.50 million for the quarter, compared to analysts’ expectations of $317.31 million. Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. research analysts anticipate that Brixmor Property Group will post 2.08 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Thursday, January 4th will be given a $0.275 dividend. The ex-dividend date is Wednesday, January 3rd. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.26%. Brixmor Property Group’s payout ratio is 98.11%.

Brixmor Property Group announced that its board has approved a share buyback plan on Tuesday, December 5th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have weighed in on the company. ValuEngine raised Brixmor Property Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Mizuho reissued a “buy” rating and issued a $19.50 price target on shares of Brixmor Property Group in a report on Friday, November 10th. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. KeyCorp reissued a “hold” rating on shares of Brixmor Property Group in a report on Friday, August 25th. Finally, Boenning Scattergood raised Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 price target for the company in a report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $22.00.

In other Brixmor Property Group news, EVP Mark Horgan acquired 3,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was acquired at an average cost of $17.64 per share, for a total transaction of $52,920.00. Following the completion of the transaction, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.27% of the stock is owned by insiders.

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Brixmor Property Group Company Profile

Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.

Insider Buying and Selling by Quarter for Brixmor Property Group (NYSE:BRX)

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