Brixmor Property Group (BRX) Getting Somewhat Favorable Press Coverage, Study Shows

News articles about Brixmor Property Group (NYSE:BRX) have trended somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brixmor Property Group earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.7616263315667 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Brixmor Property Group (BRX) traded up $0.27 during trading on Friday, reaching $17.12. 5,600,000 shares of the company were exchanged, compared to its average volume of 2,021,486. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.96. The company has a market cap of $5,220.52, a price-to-earnings ratio of 16.15, a PEG ratio of 2.13 and a beta of 0.52. Brixmor Property Group has a twelve month low of $16.53 and a twelve month high of $24.94.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Thursday, January 4th were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date was Wednesday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s dividend payout ratio is 103.77%.

Brixmor Property Group announced that its board has authorized a share buyback program on Tuesday, December 5th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Several analysts have recently issued reports on the stock. Mitsubishi UFJ Financial Group raised shares of Brixmor Property Group from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 3rd. Citigroup raised shares of Brixmor Property Group to an “overweight” rating and boosted their price target for the company from $19.00 to $21.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. ValuEngine lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Boenning Scattergood lowered shares of Brixmor Property Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, December 14th. Finally, Mizuho lowered shares of Brixmor Property Group from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Monday, December 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $20.57.

In other news, EVP Mark Horgan bought 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average price of $17.64 per share, with a total value of $52,920.00. Following the acquisition, the executive vice president now owns 56,703 shares of the company’s stock, valued at approximately $1,000,240.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.

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

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