Brixmor Property Group (NYSE:BRX) Receiving Somewhat Positive News Coverage, Analysis Finds

Rebecca Barbier
Agosto 13, 2017

Finally, LS Investment Advisors LLC raised its position in Brixmor Property Group by 17.5% in the second quarter. Zacks Investment Research upgraded Brixmor Property Group from a "sell" rating to a "hold" rating in a research report on Friday, August 4th.

A number of research firms recently commented on BRX. The correct version of this article can be accessed at World Asset Management Inc now owns 15,037 shares of the real estate investment trust's stock valued at $269,000 after buying an additional 2,042 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Brixmor Property Group by 122.5% in the first quarter. Its position stood at $75,763,000 a decrease of $10,190,000 as of the end of the quarter.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Brixmor Property Group Inc. Nuveen Asset Management LLC now owns 4,610,796 shares of the real estate investment trust's stock valued at $98,948,000 after buying an additional 1,549,548 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Brixmor Property Group by 159.5% in the second quarter. Accern also gave news coverage about the real estate investment trust an impact score of 46.827489052952 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near term.

Ruth's Hospitality Group, Inc. develops and operates fine dining restaurants under the name, Ruth's Chris Steak House. About 394,084 shares traded. The company rocked its 52-Week High of $29.14 and touched its 52-Week Low of $17.35.

It is trading at $19.53 marginally over $18.77, the 50 day moving average and which is just under the 200 day moving average of $20.52.

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Bank Of Montreal increased Richmont Mines Inc (NYSEMKT:RIC) stake by 1.02M shares to 1.98M valued at $12.66 million in 2016Q4. Looking ahead to the full year 2017, the company expects adjusted free cash flow to be between$20 million and $40 million.

Brixmor Property Group Inc. now has a P/E ratio of 20.25 and market capitalization is 6.03B. Brixmor Property Group shares last traded at $19.80, with a volume of 2,604,271 shares.

The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. Brixmor Property Group had 33 analyst reports since August 7, 2015 according to SRatingsIntel. The business had revenue of $322.80 million during the quarter, compared to analysts' expectations of $315.69 million. Analysts expect next quarter's EPS will be $0.21 with next year's EPS projected to be $0.89. In contrast to the year ago quarter EPS was at 0.22. On average, equities research analysts forecast that Brixmor Property Group Inc. will post $0.88 EPS for the current year. Brixmor Property Group Inc. recently announced a dividend for shareholders which will be paid on Monday the 16th of October 2017. Stockholders of record on Thursday, October 5th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group's dividend payout ratio (DPR) is now 106.12%.

TRADEMARK VIOLATION NOTICE: "First Manhattan Co". Ruth's Hospitality Group, Inc. "(BRX)" was reported by BNB Daily and is the property of of BNB Daily.

Several research firms recently issued reports on BRX. Royal Bank Of Canada reiterated a "hold" rating and set a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. ValuEngine downgraded shares of Brixmor Property Group from a "buy" rating to a "hold" rating in a research report on Friday, June 2nd. (NYSE:BRX) in a research note issued to investors on Wednesday, August 2nd. On July 18 Barclays made no change to the stock rating of "Equal-Weight" but moved down the price target from $28.00 to $21.00. New Mexico Educational Retirement Board holds 0.05% in Brixmor Property Group Inc (NYSE:BRX) or 40,300 shares. $188,500 worth of Brixmor Property Group Inc (NYSE:BRX) was bought by Schreiber John.

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