Brixmor Property Group (NYSE:BRX) updated its FY19 earnings guidance on Monday. The company provided EPS guidance of $1.90-1.93 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.91.
A number of equities analysts have recently commented on the company. Compass Point assumed coverage on Brixmor Property Group in a research note on Thursday, August 15th. They issued a neutral rating and a $19.00 price objective on the stock. BMO Capital Markets reiterated a hold rating and issued a $17.00 price objective on shares of Brixmor Property Group in a research note on Wednesday, July 31st. KeyCorp lifted their price objective on Brixmor Property Group from $20.00 to $22.00 and gave the stock an overweight rating in a research note on Monday, September 23rd. ValuEngine lowered Brixmor Property Group from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research lowered Brixmor Property Group from a buy rating to a hold rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Brixmor Property Group currently has a consensus rating of Hold and an average price target of $20.00.
BRX traded down $0.03 on Monday, hitting $21.07. 1,938,798 shares of the stock traded hands, compared to its average volume of 3,148,773. Brixmor Property Group has a 52 week low of $14.11 and a 52 week high of $21.24. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $6.27 billion, a PE ratio of 11.39, a P/E/G ratio of 2.36 and a beta of 0.74. The business has a fifty day moving average price of $20.23 and a two-hundred day moving average price of $18.69.
Brixmor Property Group (NYSE:BRX) last issued its quarterly 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). Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.66%. The firm had revenue of $291.00 million for the quarter, compared to the consensus estimate of $286.99 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The company’s revenue was down 7.0% on a year-over-year basis. On average, equities research analysts forecast that Brixmor Property Group will post 1.91 EPS for the current fiscal year.
In other news, Director James M. Taylor, Jr. purchased 7,500 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of $18.50 per share, for a total transaction of $138,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% of the company’s stock.
Brixmor Property Group Company Profile
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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