Wall Street analysts expect Brixmor Property Group Inc (NYSE:BRX) to announce $0.48 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Brixmor Property Group’s earnings, with the lowest EPS estimate coming in at $0.47 and the highest estimate coming in at $0.49. Brixmor Property Group reported earnings per share of $0.40 during the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The company is scheduled to report its next earnings report after the market closes on Monday, February 10th.
According to Zacks, analysts expect that Brixmor Property Group will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.91 to $1.93. For the next financial year, analysts expect that the firm will report earnings of $1.97 per share, with EPS estimates ranging from $1.95 to $2.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Brixmor Property Group.
Brixmor Property Group (NYSE:BRX) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). Brixmor Property Group had a net margin of 24.75% and a return on equity of 10.41%. The company had revenue of $292.97 million during the quarter, compared to analysts’ expectations of $290.51 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Brixmor Property Group’s revenue for the quarter was down 4.4% compared to the same quarter last year.
A number of brokerages have weighed in on BRX. Jefferies Financial Group began coverage on shares of Brixmor Property Group in a research report on Wednesday. They set a “hold” rating and a $21.00 price target on the stock. ValuEngine cut shares of Brixmor Property Group from a “sell” rating to a “strong sell” rating in a research report on Friday, January 3rd. Barclays reaffirmed a “hold” rating and set a $21.00 price target on shares of Brixmor Property Group in a research report on Sunday, October 13th. JPMorgan Chase & Co. raised shares of Brixmor Property Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $22.00 to $24.00 in a research report on Wednesday, December 18th. Finally, Evercore ISI cut shares of Brixmor Property Group from an “outperform” rating to an “in-line” rating in a research report on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $20.83.
In other news, insider Steven F. Siegel sold 7,500 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $21.37, for a total transaction of $160,275.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian T. Finnegan sold 3,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $22.24, for a total transaction of $66,720.00. Following the transaction, the insider now directly owns 224,646 shares in the company, valued at $4,996,127.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,500 shares of company stock worth $608,970. 0.40% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of BRX. Huntington National Bank acquired a new position in shares of Brixmor Property Group during the third quarter worth $26,000. Phocas Financial Corp. acquired a new position in shares of Brixmor Property Group during the second quarter worth $53,000. Institutional & Family Asset Management LLC acquired a new position in shares of Brixmor Property Group during the third quarter worth $55,000. First Quadrant L P CA lifted its position in shares of Brixmor Property Group by 1,263.2% during the third quarter. First Quadrant L P CA now owns 3,040 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 2,817 shares in the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Brixmor Property Group during the second quarter worth $82,000. 99.20% of the stock is currently owned by institutional investors and hedge funds.
Brixmor Property Group stock traded down $0.02 during trading on Friday, reaching $20.73. The company had a trading volume of 2,551,112 shares, compared to its average volume of 2,110,728. Brixmor Property Group has a 12-month low of $15.97 and a 12-month high of $22.74. The stock’s 50 day moving average price is $21.18 and its two-hundred day moving average price is $20.10. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 2.42 and a beta of 0.72. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.50 and a current ratio of 0.50.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 5.50%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, January 3rd. Brixmor Property Group’s payout ratio is 61.62%.
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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