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 425 retail centers comprise approximately 74 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.
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Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone212-869-3000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.23 billion
Profitability
Miscellaneous
Employees458
Next Earnings Date11/4/2019 (Estimated)
OptionableOptionable
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 Monday, July 29th. Shareholders of record on Friday, October 4th will be given a dividend of $0.28 per share on Tuesday, October 15th. This represents a $1.12 annualized dividend and a dividend yield of 6.05%. The ex-dividend date is Thursday, October 3rd. View Brixmor Property Group's Dividend History.
How will Brixmor Property Group's stock buyback program work?
Brixmor Property Group announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 6th 2017, which allows the company to repurchase $400,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
How were Brixmor Property Group's earnings last quarter?
Brixmor Property Group Inc (NYSE:BRX) issued its earnings results on Monday, July, 29th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.24. The real estate investment trust had revenue of $291 million for the quarter, compared to analyst estimates of $286.99 million. Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.66%. The company's quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. View Brixmor Property Group's Earnings History.
When is Brixmor Property Group's next earnings date?
How can I listen to Brixmor Property Group's earnings call?
Brixmor Property Group will be holding an earnings conference call on Tuesday, October 29th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.
What price target have analysts set for BRX?
9 Wall Street analysts have issued 12-month price objectives for Brixmor Property Group's stock. Their forecasts range from $17.00 to $21.00. On average, they expect Brixmor Property Group's share price to reach $18.75 in the next twelve months. This suggests a possible upside of 1.3% from the stock's current price. View Analyst Price Targets for Brixmor Property Group.
What is the consensus analysts' recommendation for Brixmor Property Group?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brixmor Property Group in the last year. There are currently 7 hold ratings and 2 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. " (8/14/2019)
- 2. Barclays PLC analysts commented, "We are updating our model for 4Q18 results. Brixmor reported 4Q18 FFO per share of $0.40 (-22.6% Y/Y), in-line with our estimate and $0.02 below consensus ($0.42), bringing Y/Y) driven by asset sales. Neither our estimate nor consensus included the $0.02 charge due to an SEC fine from the 2016 investigation of prior management. Therefore, on a like-for-like basis, 4Q18 FFO/ps was $0.02 ahead. Please see our 2/11/19 report, BRX – Initial View – Fourth Quarter . 2018 Earnings Stock Thoughts/Forward Outlook. BRX’s relative valuation appears inexpensive (P /CAD: 11.0x vs 18.1x sub-sector average) and the dividend is well-covered (CAD payout: 72% vs peers 82%). On the other hand, BRX has outperformed YTD (+17. 2% vs peers: +13.3%, RMZ: +12.0%), in line with other companies with portfolios concentrated in secondary markets." (3/6/2019)
Has Brixmor Property Group been receiving favorable news coverage?
News headlines about BRX stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Brixmor Property Group earned a coverage optimism score of -2.3 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Brixmor Property Group.
Are investors shorting Brixmor Property Group?
Brixmor Property Group saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 10,071,700 shares, an increase of 33.8% from the June 30th total of 7,527,900 shares. Based on an average daily trading volume, of 2,680,000 shares, the short-interest ratio is presently 3.8 days. Currently, 3.4% of the shares of the company 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 Essex Property Trust (ESS), Boston Properties (BXP), Weyerhaeuser (WY), HCP (HCP), Alexandria Real Estate Equities (ARE), Extra Space Storage (EXR), WP Carey (WPC), Mid-America Apartment Communities (MAA), UDR (UDR), Sun Communities (SUI), ANNALY CAP MGMT/SH (NLY), Equity Lifestyle Properties (ELS), Gecina (GECFF), Duke Realty (DRE) and Vornado Realty Trust (VNO).
What other stocks do shareholders of Brixmor Property Group own?
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 52)
- Ms. Angela M. Aman, Exec. VP, CFO & Treasurer (Age 40)
- Mr. Mark T. Horgan, Exec. VP & Chief Investment Officer (Age 43)
- Mr. Steven F. Siegel, Exec. VP, Gen. Counsel & Sec. (Age 59)
- Mr. Brian T. Finnegan, Exec. VP of Leasing (Age 38)
Who are Brixmor Property Group's major shareholders?
Brixmor Property Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (15.47%), BlackRock Inc. (11.63%), JPMorgan Chase & Co. (8.23%), Bank of New York Mellon Corp (3.63%), Morgan Stanley (2.44%) and Northern Trust Corp (1.51%). Company insiders that own Brixmor Property Group stock include Gabrielle Greene-Sulzberger, James M Taylor Jr, John Schreiber, Mark Horgan and Sheryl Maxwell Crosland. 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 JPMorgan Chase & Co., Morgan Stanley, BlackRock Inc., Centersquare Investment Management LLC, Renaissance Technologies LLC, AQR Capital Management LLC, Schroder Investment Management Group and Prudential Financial Inc.. View Insider Buying and Selling for Brixmor Property Group.
Which major investors are buying Brixmor Property Group stock?
BRX stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Nuveen Asset Management LLC, Duff & Phelps Investment Management Co., NN Investment Partners Holdings N.V., Carlson Capital L P, Invesco Ltd., LSV Asset Management and First Manhattan Co.. Company insiders that have bought Brixmor Property Group stock in the last two years include 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 $18.51.
How big of a company is Brixmor Property Group?
Brixmor Property Group has a market capitalization of $5.51 billion and generates $1.23 billion in revenue each year. The real estate investment trust earns $366.28 million in net income (profit) each year or $1.85 on an earnings per share basis. Brixmor Property Group employs 458 workers across the globe.View Additional Information About Brixmor Property Group.
What is Brixmor Property Group's official website?
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.
