Brixmor Property Group Inc. (BRX) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Brixmor Property Group Inc. (NYSE:BRX) from a hold rating to a sell rating in a research note released on Thursday morning.

According to Zacks, “Brixmor Property Group Inc. operates as a real estate investment trust. It owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers primarily in the United States. Brixmor Property Group Inc. is based in United States. “

Other equities analysts also recently issued reports about the company. Boenning Scattergood reissued a hold rating on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Royal Bank Of Canada reissued a hold rating and set a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Citigroup Inc. boosted their price objective on Brixmor Property Group from $19.00 to $20.00 and gave the stock a neutral rating in a research report on Monday, August 7th. Mizuho raised Brixmor Property Group from a neutral rating to a buy rating and set a $22.00 price objective for the company in a research report on Monday, August 14th. Finally, Barclays PLC reissued a hold rating and set a $22.00 price objective on shares of Brixmor Property Group in a research report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. Brixmor Property Group has an average rating of Hold and a consensus target price of $23.39.

Shares of Brixmor Property Group (NYSE:BRX) traded down $0.84 during trading hours on Thursday, reaching $17.50. 3,328,842 shares of the company’s stock were exchanged, compared to its average volume of 3,073,099. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.67. The company has a market capitalization of $5,336.40, a PE ratio of 8.29, a price-to-earnings-growth ratio of 1.63 and a beta of 0.51.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.24). The business had revenue of $314.50 million for the quarter, compared to analysts’ expectations of $317.31 million. Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. equities analysts predict that Brixmor Property Group will post 2.09 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 6.29%. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, January 3rd. Brixmor Property Group’s dividend payout ratio is 98.11%.

In other news, Director John Schreiber acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was acquired at an average cost of $18.72 per share, with a total value of $187,200.00. Following the completion of the acquisition, the director now owns 20,000 shares of the company’s stock, valued at $374,400. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider James M. Taylor, Jr. acquired 15,600 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was purchased at an average cost of $19.24 per share, with a total value of $300,144.00. Following the completion of the acquisition, the insider now directly owns 224,793 shares of the company’s stock, valued at approximately $4,325,017.32. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of Brixmor Property Group by 8.4% in the second quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 554 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Brixmor Property Group by 621.1% in the third quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 6,845 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Brixmor Property Group by 159.5% in the second quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 5,203 shares during the period. LS Investment Advisors LLC boosted its holdings in shares of Brixmor Property Group by 17.5% in the second quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 1,420 shares during the period. Finally, Public Employees Retirement Association of Colorado boosted its holdings in shares of Brixmor Property Group by 58.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock valued at $172,000 after acquiring an additional 3,538 shares during the period.

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.

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