About Brixmor Property Group (NYSE:BRX)
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. With an average shopping center size of 167,982 square feet as of December 31, 2016, the Company's portfolio consisted predominantly of community and neighborhood shopping centers. As of December 31, 2016, the Company's properties were located in various states of the United States, such as Texas, Florida, California, New York, Illinois, Georgia, New Jersey, Ohio, North Carolina, Michigan, Connecticut, Tennessee, Kentucky, Colorado, Arizona, Delaware, West Virginia, Vermont, Maine, Oklahoma and New Mexico.
Industry, Sector and Symbol
Industry REAL ESTATE
Trailing P/E Ratio14.9795918367347
Forward P/E Ratio7.34
Sales & Book Value
Annual Sales$1.28 billion
Price / Sales3.49
Cash Flow$2.09 per share
Price / Cash7.03
Book Value$9.54 per share
Price / Book1.54
Net Income$300.29 million
Return on Equity10.30%
Return on Assets3.25%
Brixmor Property Group (NYSE:BRX) Frequently Asked Questions
What is Brixmor Property Group's stock symbol?
Brixmor Property Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BRX."
How often does Brixmor Property Group pay dividends? What is the dividend yield for Brixmor Property Group?
Brixmor Property Group announced a quarterly dividend on Tuesday, February 13th. Investors of record on Thursday, April 5th will be given a dividend of $0.275 per share on Monday, April 16th. This represents a $1.10 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date is Wednesday, April 4th. View Brixmor Property Group's Dividend History.
How will Brixmor Property Group's stock buyback program work?
Brixmor Property Group declared that its board has authorized a share repurchase program on Wednesday, December 6th 2017, which authorizes the company to repurchase $400,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.
How were Brixmor Property Group's earnings last quarter?
Brixmor Property Group Inc (NYSE:BRX) issued its quarterly earnings results on Monday, February, 12th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by $0.27. The real estate investment trust earned $320.06 million during the quarter, compared to analysts' expectations of $312.97 million. Brixmor Property Group had a net margin of 23.40% and a return on equity of 10.30%. The company's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. View Brixmor Property Group's Earnings History.
When will Brixmor Property Group make its next earnings announcement?
Where is Brixmor Property Group's stock going? Where will Brixmor Property Group's stock price be in 2018?
12 analysts have issued 1 year price objectives for Brixmor Property Group's shares. Their predictions range from $16.00 to $22.00. On average, they anticipate Brixmor Property Group's stock price to reach $18.40 in the next twelve months. View Analyst Ratings for Brixmor Property Group.
What are Wall Street analysts saying about Brixmor Property Group stock?
Here are some recent quotes from research analysts about Brixmor Property Group stock:
- 1. According to Zacks Investment Research, "Brixmor Property Group Inc. operates as a real estate investment trust. It owns and operates a portfolio of grocery-anchored community and neighborhood shopping centers primarily in the United States. Brixmor Property Group Inc. is based in United States. " (2/14/2018)
- 2. Boenning Scattergood analysts commented, "We were perhaps too early in our upgrade, but believe reduced leverage should position the company to start repurchasing shares in 2018. We continue to rate BRX as Outperform given its deep discount to NAV and solid underlying fundamentals driven by strong releasing spreads." (11/21/2017)
Who are some of Brixmor Property Group's key competitors?
Some companies that are related to Brixmor Property Group include Iron Mountain Incorporated (Delaware) REIT (IRM), City Developments (CDEVY), British Land (BTLCY), SL Green Realty (SLG), Segro (SEGXF), Federal Realty Investment Trust (FRT), Macerich (MAC), Jones Lang LaSalle (JLL), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Sun Communities (SUI), Gaming and Leisure Properties (GLPI), VICI Properties (VICI), Kilroy Realty (KRC), Invitation Homes (INVH), Vereit (VER) and W.P. Carey Inc. REIT (WPC).
Who are Brixmor Property Group's key executives?
Brixmor Property Group's management team includes the folowing people:
- John G. Schreiber, Chairman of the Board (Age 70)
- James M. Taylor Jr., President, Chief Executive Officer, Director (Age 50)
- Angela M. Aman, Chief Financial Officer, Executive Vice President, Treasurer (Age 37)
- Mark Horgan, Executive Vice President, Chief Investment Officer (Age 41)
- Steven F. Siegel, Executive Vice President, General Counsel, Secretary (Age 56)
- Brian T. Finnegan, Executive Vice President - Leasing (Age 36)
- Carolyn Carter Singh, Executive Vice President, Chief Talent Officer (Age 54)
- Steven T. Gallagher, Senior Vice President, Chief Accounting Officer (Age 35)
- Michael E. Cathers, Senior Vice President - Corporate Accounting (Age 41)
- Thomas W. Dickson, Director (Age 61)
Has Brixmor Property Group been receiving favorable news coverage?
Press coverage about BRX stock has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Brixmor Property Group earned a media sentiment score of 0.16 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 45.74 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are Brixmor Property Group's major shareholders?
Brixmor Property Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.60%), Lasalle Investment Management Securities LLC (2.59%), Cbre Clarion Securities LLC (2.58%), Millennium Management LLC (1.91%), Goldman Sachs Group Inc. (1.81%) and Long Pond Capital LP (1.50%). Company insiders that own Brixmor Property Group stock include Brx Holdco Llc, Carolyn Carter Singh, Gabrielle Greene-Sulzberger, James M Taylor Jr, John Schreiber, Mark Horgan, Real Estate Holding Blackstone and Steven F Siegel. View Institutional Ownership Trends for Brixmor Property Group.
Which major investors are selling Brixmor Property Group stock?
BRX stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Daiwa Securities Group Inc., BlackRock Inc., Brookfield Asset Management Inc., Standard Life Aberdeen plc, First Quadrant L P CA, Alliancebernstein L.P. and Citadel Advisors LLC. View Insider Buying and Selling for Brixmor Property Group.
Which major investors are buying Brixmor Property Group stock?
BRX stock was purchased by a variety of institutional investors in the last quarter, including Long Pond Capital LP, Amundi Pioneer Asset Management Inc., Fuller & Thaler Asset Management Inc., Security Capital Research & Management Inc., Bank of Montreal Can, Cbre Clarion Securities LLC, Renaissance Technologies LLC and Presima Inc.. Company insiders that have bought Brixmor Property Group stock in the last two years include Carolyn Carter Singh, Gabrielle Greene-Sulzberger, James M Taylor Jr, John Schreiber and Mark Horgan. View Insider Buying and Selling for Brixmor Property Group.
How do I buy shares of Brixmor Property Group?
Shares of BRX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Brixmor Property Group's stock price today?
One share of BRX stock can currently be purchased for approximately $14.68.
How big of a company is Brixmor Property Group?
Brixmor Property Group has a market capitalization of $4.55 billion and generates $1.28 billion in revenue each year. The real estate investment trust earns $300.29 million in net income (profit) each year or $0.98 on an earnings per share basis. Brixmor Property Group employs 464 workers across the globe.
How can I contact Brixmor Property Group?
Brixmor Property Group's mailing address is 450 LEXINGTON AVENUE, NEW YORK NY, 10017. The real estate investment trust can be reached via phone at 212-869-3000 or via email at [email protected]
MarketBeat Community Rating for Brixmor Property Group (BRX)MarketBeat's community ratings are surveys of what our community members think about Brixmor Property Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Brixmor Property Group (NYSE:BRX) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Buy|
|Consensus Rating Score: ||2.42||2.42||2.11||2.55|
|Ratings Breakdown: ||0 Sell Rating(s)|
7 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
7 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
5 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$18.40||$18.80||$21.25||$23.50|
|Price Target Upside: ||25.34% upside||22.96% upside||16.44% upside||21.89% upside|
Brixmor Property Group (NYSE:BRX) Consensus Price Target History
Brixmor Property Group (NYSE:BRX) Analyst Ratings History
(Data available from 3/24/2016 forward)
Brixmor Property Group (NYSE:BRX) Earnings History and Estimates Chart
Brixmor Property Group (NYSE BRX) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/12/2018||Q4 2017||$0.50||$0.23||$312.97 million||$320.06 million||View||Listen|
|10/30/2017||Q3 2017||$0.51||$0.27||$317.31 million||$314.50 million||View||N/A|
|7/31/2017||Q2 2017||$0.51||$0.53||$315.69 million||$322.80 million||View||N/A|
|5/1/2017||Q1 2017||$0.52||$0.53||$317.02 million||$325.80 million||View||Listen|
|2/13/2017||Q416||$0.51||$0.31||$322.05 million||$324.00 million||View||N/A|
|10/24/2016||Q316||$0.51||$0.51||$312.70 million||$318.58 million||View||N/A|
|7/25/2016||Q216||$0.50||$0.50||$315.21 million||$295.43 million||View||N/A|
|4/26/2016||Q1||$0.51||$0.53||$320.70 million||$323.10 million||View||N/A|
|2/29/2016||Q4||$0.51||$0.51||$319.70 million||$325.60 million||View||Listen|
|10/26/2015||Q315||$0.50||$0.51||$314.14 million||$313.00 million||View||Listen|
|7/27/2015||Q215||$0.49||$0.49||$312.97 million||$312.10 million||View||Listen|
|4/27/2015||Q116||$0.48||$0.10||$313.99 million||$315.30 million||View||N/A|
|2/9/2015||Q315||$0.44||$0.08||$309.94 million||$314.60 million||View||N/A|
|10/27/2014||Q314||$0.47||$0.47||$308.68 million||$306.60 million||View||N/A|
|8/5/2014||Q215||$0.45||$0.10||$305.60 million||$308.10 million||View||N/A|
|5/7/2014||Q115||$0.06||$0.07||$305.67 million||$307.69 million||View||N/A|
|2/19/2014||Q4 2013||$0.44||$0.07||$304.20 million||$312.03 million||View||N/A|
Brixmor Property Group (NYSE:BRX) Earnings Estimates
2018 EPS Consensus Estimate: $2.01
2019 EPS Consensus Estimate: $2.13
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Brixmor Property Group (NYSE:BRX) Dividend Information
|Dividend Growth:||12.70% (3 Year Average)|
|Payout Ratio:||112.24% (Trailing 12 Months of Earnings) |
55.00% (Based on This Year's Estimates)
53.66% (Based on Next Year's Estimates)
|Track Record:||2 Years of Consecutive Dividend Growth|
Brixmor Property Group (NYSE:BRX) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Brixmor Property Group (NYSE BRX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.27%
Institutional Ownership Percentage: 99.67%
Brixmor Property Group (NYSE BRX) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/13/2018||James M Taylor Jr||CEO||Buy||7,500||$15.55||$116,625.00||216,884|| |
|3/9/2018||Gabrielle Greene-Sulzberger||Director||Buy||750||$15.52||$11,640.00||17,161|| |
|2/14/2018||Mark Horgan||EVP||Buy||4,500||$14.94||$67,230.00||62,769|| |
|12/6/2017||Gabrielle Greene-Sulzberger||Director||Buy||1,411||$17.71||$24,988.81||16,411|| |
|11/3/2017||Mark Horgan||EVP||Buy||3,000||$17.64||$52,920.00||56,703|| |
|8/23/2017||John Schreiber||Director||Buy||10,000||$18.72||$187,200.00||20,000|| |
|8/17/2017||James M Taylor Jr||Insider||Buy||15,600||$19.24||$300,144.00||224,793|| |
|5/16/2017||Carolyn Carter Singh||Insider||Buy||1,000||$17.85||$17,850.00||221,865|| |
|5/11/2017||John Schreiber||Director||Buy||10,000||$18.85||$188,500.00||10,000|| |
|5/8/2017||James M Taylor Jr||Insider||Buy||5,300||$18.77||$99,481.00||209,193|| |
|5/4/2017||James M Taylor Jr||Insider||Buy||14,000||$18.60||$260,400.00||203,893|| |
|5/4/2017||Mark Horgan||EVP||Buy||2,700||$18.75||$50,625.00||53,703|| |
|3/8/2017||James M Taylor Jr||Insider||Buy||5,000||$21.17||$105,850.00||189,893|| |
|1/31/2017||Steven F. Siegel||EVP||Sell||6,000||$24.22||$145,320.00|| |
|12/30/2016||Steven F. Siegel||Insider||Sell||6,000||$24.31||$145,860.00|| |
|11/21/2016||James M Taylor Jr||Insider||Buy||10,000||$23.82||$238,200.00||213,590|| |
|11/18/2016||John Schreiber||Director||Buy||10,000||$23.70||$237,000.00||5,000|| |
|10/31/2016||Steven F. Siegel||Insider||Sell||6,000||$25.26||$151,560.00|| |
|9/30/2016||Steven F. Siegel||Insider||Sell||6,000||$27.98||$167,880.00|| |
|8/16/2016||Brx Holdco Llc||Major Shareholder||Sell||42,400,000||$27.30||$1,157,520,000.00|| |
|7/29/2016||Steven F. Siegel||Insider||Sell||6,000||$28.39||$170,340.00|| |
|7/6/2016||Real Estate Holding Blackstone||Major Shareholder||Sell||20,000,000||$26.01||$520,200,000.00|| |
|6/30/2016||Steven F. Siegel||EVP||Sell||6,000||$26.34||$158,040.00|| |
|5/31/2016||Steven F Siegel||EVP||Sell||6,000||$25.32||$151,920.00||332,072|| |
|5/4/2016||Brx Holdco Llc||Major Shareholder||Sell||20,000,000||$25.13||$502,600,000.00|| |
|4/29/2016||Steven F Siegel||EVP||Sell||6,000||$25.11||$150,660.00||338,072|| |
|11/30/2015||Steven F Siegel||Insider||Sell||3,000||$25.21||$75,630.00||339,115|| |
|11/6/2015||Real Estate Partner Blackstone||Major Shareholder||Sell||14,000,000||$25.96||$363,440,000.00|| |
|10/30/2015||Steven F Siegel||Insider||Sell||3,000||$25.60||$76,800.00||342,115|| |
|10/16/2015||Steven F Siegel||Insider||Sell||3,000||$25.00||$75,000.00||345,115|| |
|7/15/2015||Michael A Carroll||CEO||Buy||9,146||$23.90||$218,589.40|| |
|4/15/2015||Michael A Carroll||CEO||Buy||8,691||$24.93||$216,666.63|| |
|3/27/2015||Real Estate Partner Blackstone||Major Shareholder||Sell||22,500,000||$25.98||$584,550,000.00|| |
|2/25/2015||Michael B Berman||Director||Buy||5,000||$25.75||$128,750.00|| |
|11/17/2014||Brx Holdco Llc||Major Shareholder||Sell||3,750,000||$23.16||$86,850,000.00|| |
|9/12/2014||Michael A Carroll||CEO||Buy||15,000||$23.33||$349,950.00|| |
|9/10/2014||Anthony W Deering||Director||Buy||20,950||$23.55||$493,372.50|| |
|12/16/2013||Anthony Deering||Director||Buy||24,750||$20.01||$495,247.50||29,750|| |
Brixmor Property Group (NYSE BRX) News Headlines
Brixmor Property Group (NYSE:BRX) SEC Filings
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Brixmor Property Group (NYSE:BRX) Income Statement, Balance Sheet and Cash Flow Statement
Brixmor Property Group (NYSE BRX) Stock Chart for Saturday, March, 24, 2018