Financial institution of The United States Raises Brixmor Property Team (NYSE:BRX) Ticket Target to $15.50 Posted by Steve Reilly on Nov nineteenth, 2020
Brixmor Property Team (NYSE:BRX) had its goal label lifted by Financial institution of The United States from $thirteen.50 to $15.50 in a anecdote launched on Monday morning, Analyst Rankings Network experiences. Financial institution of The United States currently has a just ranking on the explicit property funding belief’s stock.
Plenty of a whole lot of equities compare analysts personal additionally weighed in on the corporate.
BMO Capital Markets initiated coverage on Brixmor Property Team in a compare anecdote on Tuesday, July Twenty first. They residing a sell ranking and a $eleven.
00 label goal on the stock. Zacks Funding Learn reduced Brixmor Property Team from a contemplate ranking to a sell ranking in a compare anecdote on Tuesday, November third. TheStreet upgraded Brixmor Property Team from a d+ ranking to a c- ranking in a compare anecdote on Thursday, November twelfth. JPMorgan Trudge & Co.
lifted their label goal on Brixmor Property Team from $12.00 to $thirteen.00 and gave the corporate a just ranking in a compare anecdote on Wednesday, July twenty ninth. Within the slay, ValuEngine upgraded Brixmor Property Team from a sell ranking to a contemplate ranking in a compare anecdote on Tuesday, November 10th.
Two compare analysts personal rated the stock with a sell ranking, eight personal issued a contemplate ranking and five personal assigned a bewitch ranking to the corporate’s stock. The corporate has a consensus ranking of Retain and a median goal label of $15.25. Get Brixmor Property Team alerts:
Shares of BRX stock opened at $sixteen.21 on Monday. The firm has a market cap of $four.81 billion, a P/E ratio of 30.fifty nine and a beta of 1.
39. Brixmor Property Team has a fifty-two week low of $7.fifty one and a fifty-two week excessive of $22.71.
The change’s 50 day intriguing real looking label is $12.32 and its 200-day intriguing real looking label is $12.14. The corporate has a debt-to-equity ratio of 2.02, a snappy ratio of 1.97 and a present ratio of 1.97.
Brixmor Property Team (NYSE:BRX) closing issued its quarterly earnings information on Monday, November Ninth. The staunch property funding belief reported $zero.09 earnings per part for the quarter, missing the Zacks’ consensus estimate of $zero.forty by ($zero.31).
The change had earnings of $253.ninety million at some stage in the quarter, in contrast to the consensus estimate of $270.86 million. Brixmor Property Team had a return on equity of 6.
07% and a to find margin of 14.
Seventy five%. Brixmor Property Team’s quarterly earnings used to be down thirteen.3% in contrast to the identical quarter closing year.
Right by the identical quarter in the prior year, the change posted $zero.forty nine earnings per part. As a community, equities analysts predict that Brixmor Property Team will put up 1.fifty eight EPS for the present year.
The firm additionally these days declared a quarterly dividend, which is able to be paid on Friday, January fifteenth. Stockholders of file on Wednesday, January sixth will be paid a $zero.215 dividend. This represents a $zero.
86 annualized dividend and a dividend yield of 5.31%. The ex-dividend date is Tuesday, January 5th.
Plenty of hedge funds personal these days bought and bought shares of BRX. CI Investments Inc. bought a new residing in shares of Brixmor Property Team in the 1/3 quarter worth $31,000. Neo Ivy Capital Administration raised its stake in shares of Brixmor Property Team by 471.zero% in the 1/3 quarter.
Neo Ivy Capital Administration now owns 7,166 shares of the explicit property funding belief’s stock worth $eighty three,000 after buying an additional 5,911 shares at some stage in the closing quarter.
Acadian Asset Administration LLC raised its stake in shares of Brixmor Property Team by a hundred and fifty five.6% in the 1/3 quarter. Acadian Asset Administration LLC now owns Eight,942 shares of the explicit property funding belief’s stock worth $One zero five,000 after buying an additional 5,444 shares at some stage in the closing quarter. Wolverine Buying and selling LLC bought a new stake in Brixmor Property Team at some stage in the 1/3 quarter valued at $A hundred thirty,000. Within the slay, Dalton Greiner Hartman Maher & Co.
bought a new stake in Brixmor Property Team at some stage in the 1/3 quarter valued at $140,000. Hedge funds and a whole lot of institutional customers have 97.fifty three% of the corporate’s stock.
Brixmor Property Team Company Profile
Brixmor (NYSE: BRX) is a staunch property funding belief (REIT) that owns and operates a excessive-quality, nationwide portfolio of originate-air shopping amenities. Its 398 retail amenities comprise approximately 70 million sq. toes of prime retail residing in established change areas. The Company strives to have and goal shopping amenities that mirror Brixmor’s vision “to be the heart of the communities we serve” and are house to a various mix of thriving nationwide, regional and native outlets.
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