Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 471 retail centers comprise approximately 80 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. Brixmor is a proud real estate partner to more than 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:BRX
CUSIPN/A
Phone212-869-3000
Debt
Debt-to-Equity Ratio1.92
Current Ratio0.69
Quick Ratio0.69
Price-To-Earnings
Trailing P/E Ratio8.51
Forward P/E Ratio8.90
P/E Growth2.21
Sales & Book Value
Annual Sales$1.28 billion
Price / Sales4.20
Cash Flow$2.1722 per share
Price / Cash8.19
Book Value$9.54 per share
Price / Book1.86
Profitability
EPS (Most Recent Fiscal Year)$2.09
Net Income$300.29 million
Net Margins23.30%
Return on Equity10.21%
Return on Assets3.26%
Miscellaneous
Employees464
Outstanding Shares302,630,000
Market Cap$5.26 billion
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 declared a quarterly dividend on Tuesday, July 31st. Shareholders of record on Friday, October 5th will be paid a dividend of $0.275 per share on Monday, October 15th. This represents a $1.10 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend is Thursday, October 4th. View Brixmor Property Group's Dividend History.
How will Brixmor Property Group's stock buyback program work?
Brixmor Property Group announced that its board has authorized a share buyback plan on Wednesday, December 6th 2017, which allows the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.
How were Brixmor Property Group's earnings last quarter?
Brixmor Property Group Inc (NYSE:BRX) posted its quarterly earnings data on Monday, July, 30th. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks' consensus estimate of $0.50 by $0.24. The real estate investment trust earned $313.03 million during the quarter, compared to analysts' expectations of $307.73 million. Brixmor Property Group had a net margin of 23.30% and a return on equity of 10.21%. The firm's revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. View Brixmor Property Group's Earnings History.
When is Brixmor Property Group's next earnings date?
What price target have analysts set for BRX?
14 analysts have issued 1-year target prices for Brixmor Property Group's stock. Their predictions range from $16.00 to $22.00. On average, they anticipate Brixmor Property Group's stock price to reach $18.4545 in the next year. This suggests a possible upside of 3.7% from the stock's current price. View Analyst Price Targets for Brixmor Property Group.
What is the consensus analysts' recommendation for Brixmor Property Group?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brixmor Property Group in the last year. There are currently 8 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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)
Are investors shorting Brixmor Property Group?
Brixmor Property Group saw a decline in short interest in the month of June. As of June 29th, there was short interest totalling 5,560,147 shares, a decline of 37.7% from the June 15th total of 8,928,180 shares. Based on an average daily volume of 3,183,534 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.8% of the company's stock are sold short. View Brixmor Property Group's Current Options Chain.
Who are some of Brixmor Property Group's key competitors?
Some companies that are related to Brixmor Property Group include GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC), Realty Income (O), Essex Property Trust (ESS), Host Hotels and Resorts (HST), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Gecina (GECFF), HCP (HCP), ANNALY Cap Mgmt/SH (NLY), Extra Space Storage (EXR), Klepierre (KLPEF) and Mid-America Apartment Communities (MAA).
Who are Brixmor Property Group's key executives?
Brixmor Property Group's management team includes the folowing people:
- Mr. James M. Taylor Jr., CEO, Pres & Director (Age 51)
- Ms. Angela M. Aman, Exec. VP, CFO & Treasurer (Age 39)
- Mr. Mark T. Horgan, Exec. VP & Chief Investment Officer (Age 42)
- Mr. Steven F. Siegel, Exec. VP, Gen. Counsel & Sec. (Age 58)
- Mr. Brian T. Finnegan, Exec. VP of Leasing (Age 37)
Has Brixmor Property Group been receiving favorable news coverage?
Headlines about BRX stock have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Brixmor Property Group earned a media and rumor sentiment score of 0.22 on Accern's scale. They also gave news headlines about the real estate investment trust an impact score of 47.87 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. View Recent Headlines for Brixmor Property Group.
Who are Brixmor Property Group's major shareholders?
Brixmor Property Group's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.18%), Cbre Clarion Securities LLC (3.90%), Fuller & Thaler Asset Management Inc. (3.60%), Morgan Stanley (3.19%), Massachusetts Financial Services Co. MA (3.12%) and FMR LLC (2.42%). 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, Sheryl Maxwell Crosland and Steven F Siegel. View Institutional Ownership Trends for Brixmor Property Group.
Which institutional investors are selling Brixmor Property Group stock?
BRX stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Millennium Management LLC, Teacher Retirement System of Texas, Renaissance Technologies LLC, Sumitomo Mitsui Trust Holdings Inc., Bank of Montreal Can, Virginia Retirement Systems ET AL and FMR LLC. View Insider Buying and Selling for Brixmor Property Group.
Which institutional investors are buying Brixmor Property Group stock?
BRX stock was bought by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Cbre Clarion Securities LLC, Marshall Wace LLP, Russell Investments Group Ltd., Advisors Asset Management Inc., Fuller & Thaler Asset Management Inc., Los Angeles Capital Management & Equity Research Inc. and Bank of America Corp DE. 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, Mark Horgan and Sheryl Maxwell Crosland. 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 $17.79.
How big of a company is Brixmor Property Group?
Brixmor Property Group has a market capitalization of $5.26 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 $2.09 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 (NYSE 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 BRX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BRX will underperform the S&P 500 over the long term. You may vote once every thirty days.
