Royal Bank Of Canada now has a $23.00 price objective on the real estate investment trust's stock. Russell Investments Group Ltd. owned approximately 0.62% of Brixmor Property Group worth $34,016,000 as of its most recent filing with the SEC. Moreover, Eqis Capital Management Inc. has 0.02% invested in the company for 4,637 shares. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust's stock worth $152,000 after buying an additional 5,203 shares during the last quarter. Ingalls & Snyder LLC acquired a new position in Brixmor Property Group during the second quarter valued at about $406,000.
First Manhattan Co. increased its stake in shares of Brixmor Property Group Inc. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust's stock valued at $163,000 after buying an additional 341 shares during the period. Macquarie Group Ltd. raised its position in shares of Brixmor Property Group by 8.0% in the fourth quarter. NGAM Advisors L.P. now owns 23,646 shares of the real estate investment trust's stock valued at $423,000 after buying an additional 9,802 shares during the period. Finally, NGAM Advisors L.P. raised its position in Brixmor Property Group by 70.8% in the second quarter. Pensionfund Sabic now owns 41,711 shares of the real estate investment trust's stock worth $895,000 after buying an additional 3,000 shares in the last quarter.
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The company declined -0.66% and closed its last trading session at $19.76. About 394,084 shares traded. The firm's 50-day moving average is $18.82 and its 200-day moving average is $20.48.
The company now has a P/E ratio of 20.01 and market capitalization is 5.96B. Brixmor Property Group has a 52-week low of $17.35 and a 52-week high of $29.14. Brixmor Property Group's quarterly revenue was up 4.1% on a year-over-year basis. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. Brixmor Property Group had a return on equity of 10.22% and a net margin of 23.06%. During the same period in the previous year, the business posted $0.50 earnings per share. During the same period in the prior year, the business posted $0.50 earnings per share. As of the last earnings report the EPS was $0.98 and is expected to be $0.88 for the current year with 304,935,000 shares presently outstanding.
Accern also gave news coverage about the real estate investment trust an impact score of 46.827489052952 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. The stock of Brixmor Property Group Inc (NYSE:BRX) has "Hold" rating given on Monday, July 18 by Deutsche Bank. This represents a $1.04 annualized dividend and a dividend yield of 5.33%. Brixmor Property Group had 33 analyst reports since August 7, 2015 according to SRatingsIntel.
If you are accessing this article on another domain, it was stolen and republished in violation of United States & worldwide copyright & trademark legislation. If you are accessing this piece on another domain, it was stolen and reposted in violation of U.S. and global copyright and trademark law. The original version of this news story can be viewed at https://transcriptdaily.com/2017/08/12/brixmor-property-group-inc-nysebrx-rating-reiterated-by-royal-bank-of-canada-updated.html. On July 18 Barclays made no change to the company rating of "Equal-Weight" and lowered the price expectation to $21.00 from $28.00.
August 7 investment analysts at Citigroup left the stock rating at "Neutral" but raised the price target to $20.00 from $19.00. BidaskClub upgraded shares of Brixmor Property Group from a "strong sell" rating to a "sell" rating in a research report on Tuesday, June 27th.
Several institutional investors have recently added to or reduced their stakes in the stock. New Mexico Educational Retirement Board holds 0.05% in Brixmor Property Group Inc (NYSE:BRX) or 40,300 shares.
Brixmor Property Group Inc is an internally managed real estate investment trust. The Firm conducts its activities primarily through Brixmor Operating Partnership LP and subsidiaries.