Brixmor Property Group, a real estate investment trust (REIT), is a leading owner and operator of high-quality, open-air shopping centers. The Company's more than 475 retail centers comprise 82 million square feet in established trade areas across the nation and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers. Brixmor is committed to maximizing the value of its portfolio by prioritizing investments, cultivating relationships and capitalizing on embedded growth opportunities through driving rents, increasing occupancy and pursuing value-enhancing reinvestment opportunities. Headquartered in New York City, Brixmor is a partner to more than 5,000 best-in-class national, regional and local tenants and is one of the largest landlords to The TJX Companies and The Kroger Company.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:BRX
CUSIPN/A
Phone212-869-3000
Debt
Debt-to-Equity Ratio1.96
Current Ratio0.67
Quick Ratio0.67
Price-To-Earnings
Trailing P/E Ratio8.43
Forward P/E Ratio8.81
P/E Growth2.19
Sales & Book Value
Annual Sales$1.28 billion
Price / Sales4.16
Cash Flow$2.1807 per share
Price / Cash8.08
Book Value$9.54 per share
Price / Book1.85
Profitability
EPS (Most Recent Fiscal Year)$2.09
Net Income$300.29 million
Net Margins22.73%
Return on Equity9.98%
Return on Assets3.16%
Miscellaneous
Employees464
Outstanding Shares302,830,000
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, May 1st. Stockholders of record on Friday, July 6th will be given a dividend of $0.275 per share on Monday, July 16th. This represents a $1.10 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend is Thursday, July 5th. 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 repurchase program on Wednesday, December 6th 2017, which permits the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually 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) posted its earnings results on Monday, April, 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.51 by $0.31. The real estate investment trust earned $317.17 million during the quarter, compared to analysts' expectations of $315.84 million. Brixmor Property Group had a net margin of 22.73% and a return on equity of 9.98%. The firm's revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 Wall Street analysts have issued 12 month price targets for Brixmor Property Group's shares. Their forecasts range from $16.00 to $22.00. On average, they anticipate Brixmor Property Group's share price to reach $18.3182 in the next year. 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 GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC), Host Hotels and Resorts (HST), Essex Property Trust (ESS), Realty Income (O), Vornado Realty Trust (VNO), Gecina (GECFF), Alexandria Real Estate Equities (ARE), ANNALY Cap Mgmt/SH (NLY), Extra Space Storage (EXR), Klépierre (KLPEF), HCP (HCP) 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?
News stories about BRX stock have trended somewhat negative this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brixmor Property Group earned a media sentiment score of 0.00 on Accern's scale. They also assigned press coverage about the real estate investment trust an impact score of 45.49 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Brixmor Property Group's major shareholders?
Brixmor Property Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.33%), JPMorgan Chase & Co. (7.48%), Massachusetts Financial Services Co. MA (3.13%), Prudential Financial Inc. (2.31%), Dimensional Fund Advisors LP (1.56%) and Nuveen Asset Management LLC (1.49%). 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, Sheryl Maxwell Crosland 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 Amundi Pioneer Asset Management Inc., Millennium Management LLC, Long Pond Capital LP, Nuveen Asset Management LLC, BlackRock Inc., LSV Asset Management, Stevens Capital Management LP and Barclays PLC. 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 Massachusetts Financial Services Co. MA, Schroder Investment Management Group, Prudential Financial Inc., JPMorgan Chase & Co., Northern Trust Corp, Algebris UK Ltd, Thrivent Financial for Lutherans and Allianz Asset Management GmbH. 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 $17.62.
How big of a company is Brixmor Property Group?
Brixmor Property Group has a market capitalization of $5.20 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 (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.
