Property

Brixmor Property Group (NYSE:BRX) Updates FY 2022 Earnings Guidance

Brixmor Property Group (NYSE:BRXGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $1.93-$1.97 for the period. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of brokerages have recently commented on BRX. Deutsche Bank Aktiengesellschaft lowered their price objective on Brixmor Property Group from $28.00 to $23.00 in a research report on Monday, July 11th. Barclays decreased their price objective on Brixmor Property Group from $32.00 to $29.00 and set an overweight rating for the company in a report on Friday, July 15th. JPMorgan Chase & Co. raised Brixmor Property Group from a neutral rating to an overweight rating and decreased their price objective for the company from $27.00 to $25.00 in a report on Wednesday, June 22nd. Jefferies Financial Group cut Brixmor Property Group from a hold rating to an underperform rating and cut their price target for the stock from $29.00 to $20.00 in a research note on Thursday, June 30th. Finally, Stifel Nicolaus cut their price target on Brixmor Property Group from $27.00 to $22.50 in a research note on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $24.89.

Brixmor Property Group Stock Up 0.3 %

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Brixmor Property Group stock opened at $22.22 on Monday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.57 and a current ratio of 0.57. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.56. Brixmor Property Group has a fifty-two week low of $19.42 and a fifty-two week high of $27.19. The stock’s fifty day moving average is $21.52 and its two-hundred day moving average is $23.76.

Brixmor Property Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Tuesday, October 4th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Monday, October 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is 98.97%.

Institutional Trading of Brixmor Property Group

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Brixmor Property Group by 99.4% during the first quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust’s stock valued at $519,296,000 after acquiring an additional 10,028,534 shares during the last quarter. State Street Corp boosted its stake in shares of Brixmor Property Group by 13.6% during the first quarter. State Street Corp now owns 16,686,118 shares of the real estate investment trust’s stock valued at $430,669,000 after acquiring an additional 2,001,159 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Brixmor Property Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 45,190,584 shares of the real estate investment trust’s stock valued at $1,166,369,000 after acquiring an additional 369,401 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Brixmor Property Group by 4.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,077,895 shares of the real estate investment trust’s stock valued at $105,251,000 after acquiring an additional 167,734 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Brixmor Property Group by 83.0% during the first quarter. Hsbc Holdings PLC now owns 268,122 shares of the real estate investment trust’s stock valued at $7,038,000 after acquiring an additional 121,593 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

About Brixmor Property Group

(Get Rating)

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 395 retail centers comprise approximately 69 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.

Further Reading

Earnings History and Estimates for Brixmor Property Group (NYSE:BRX)

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