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. 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
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 Date4/29/2019 (Confirmed)
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 declared a quarterly dividend on Tuesday, February 12th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.28 per share on Monday, April 15th. This represents a $1.12 annualized dividend and a dividend yield of 6.24%. The ex-dividend date of this dividend is Thursday, 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 of Directors has authorized a stock 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 reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.
How were Brixmor Property Group's earnings last quarter?
Brixmor Property Group Inc (NYSE:BRX) announced its earnings results on Monday, February, 11th. The real estate investment trust reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.43 by $0.17. The real estate investment trust had revenue of $297.66 million for the quarter, compared to the consensus estimate of $302.22 million. Brixmor Property Group had a net margin of 29.67% and a return on equity of 12.82%. View Brixmor Property Group's Earnings History.
When is Brixmor Property Group's next earnings date?
What guidance has Brixmor Property Group issued on next quarter's earnings?
Brixmor Property Group updated its FY 2019 earnings guidance on Monday, February, 11th. The company provided earnings per share guidance of $2.00-2.00 for the period.
What price target have analysts set for BRX?
14 equities research analysts have issued 1 year target prices for Brixmor Property Group's shares. Their predictions range from $17.00 to $21.00. On average, they anticipate Brixmor Property Group's share price to reach $18.3889 in the next twelve months. This suggests a possible upside of 2.4% 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. 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)
- 2. 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. " (2/20/2019)
Has Brixmor Property Group been receiving favorable news coverage?
Media coverage about BRX stock has trended positive this week, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Brixmor Property Group earned a news sentiment score of 2.1 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the company's share price in the next few days.
Are investors shorting Brixmor Property Group?
Brixmor Property Group saw a increase in short interest in February. As of February 15th, there was short interest totalling 11,937,532 shares, an increase of 143.5% from the January 31st total of 4,903,141 shares. Based on an average daily trading volume, of 11,653,399 shares, the days-to-cover ratio is currently 1.0 days. Approximately 4.0% of the company's shares are short sold. 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 Boston Properties (BXP), Weyerhaeuser (WY), Essex Property Trust (ESS), Alexandria Real Estate Equities (ARE), HCP (HCP), ANNALY CAP MGMT/SH (NLY), Host Hotels and Resorts (HST), WP Carey (WPC), Vornado Realty Trust (VNO), Extra Space Storage (EXR), UDR (UDR), Mid-America Apartment Communities (MAA), SINO LD LTD/S (SNLAY), Klepierre (KLPEF) and Regency Centers (REG).
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 a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.48%), Massachusetts Financial Services Co. MA (3.19%), Lasalle Investment Management Securities LLC (1.93%), Dimensional Fund Advisors LP (1.59%), Geode Capital Management LLC (1.58%) and Geode Capital Management LLC (1.59%). Company insiders that own Brixmor Property Group stock include Carolyn Carter Singh, Gabrielle Greene-Sulzberger, James M Taylor Jr, John Schreiber, Mark Horgan and Sheryl Maxwell Crosland. 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 Cohen & Steers Inc., Daiwa Securities Group Inc., FMR LLC, Millennium Management LLC, Standard Life Aberdeen plc, Foresters Investment Management Company Inc., Macquarie Group Ltd. and Massachusetts Financial Services Co. MA. View Insider Buying and Selling for Brixmor Property Group.
Which institutional investors are buying Brixmor Property Group stock?
BRX stock was acquired by a variety of institutional investors in the last quarter, including Zimmer Partners LP, American Century Companies Inc., Norges Bank, Nuveen Asset Management LLC, Citigroup Inc., MERIAN GLOBAL INVESTORS UK Ltd, Canada Pension Plan Investment Board and Thrivent Financial for Lutherans. 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 $17.95.
How big of a company is Brixmor Property Group?
Brixmor Property Group has a market capitalization of $5.36 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.
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.
