Media coverage about Brixmor Property Group (NYSE:BRX) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brixmor Property Group earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.9930452465873 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Brixmor Property Group Named Top Dividend Stock With Insider Buying and 6.06% Yield (BRX) (nasdaq.com)
- Moving averages give many trading signals on Brixmor Property Group Inc. (BRX) – Wall Street Morning (wallstreetmorning.com)
- Will These Stocks Remain Hot? Medical Properties Trust, Inc. (MPW), Brixmor Property Group Inc. (BRX) – Market Movers (financialqz.com)
- Brixmor Property Group Inc. (BRX) Expected to Post Quarterly Sales of $315.16 Million (americanbankingnews.com)
- Brixmor Property Group Inc. (BRX) Expected to Announce Earnings of $0.50 Per Share (americanbankingnews.com)
Several research firms have commented on BRX. ValuEngine upgraded Brixmor Property Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Boenning Scattergood downgraded Brixmor Property Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 14th. Royal Bank of Canada reiterated a “hold” rating and issued a $22.00 target price on shares of Brixmor Property Group in a research report on Thursday, November 2nd. Mizuho downgraded Brixmor Property Group from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Monday, December 11th. Finally, Zacks Investment Research downgraded Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $21.25.
Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings data 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). Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The company had revenue of $314.50 million for the quarter, compared to the consensus estimate of $317.31 million. During the same quarter last year, the business earned $0.51 earnings per share. Brixmor Property Group’s revenue was down 1.3% compared to the same quarter last year. research analysts predict that Brixmor Property Group will post 2.08 EPS for the current fiscal year.
Brixmor Property Group announced that its board has approved a stock repurchase program on Tuesday, December 5th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be paid a dividend of $0.275 per share. The ex-dividend date is Wednesday, January 3rd. This represents a $1.10 annualized dividend and a yield of 5.98%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s dividend payout ratio (DPR) is currently 98.11%.
In other Brixmor Property Group news, EVP Mark Horgan bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was acquired at an average price of $17.64 per share, with a total value of $52,920.00. Following the completion of the purchase, the executive vice president now directly owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.27% of the company’s stock.
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About Brixmor Property Group
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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