Brixmor Property Group (NYSE:BRX) released its earnings results on Sunday. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.22), MarketWatch Earnings reports. The business had revenue of $279.75 million during the quarter, compared to analyst estimates of $265.51 million. Brixmor Property Group had a net margin of 14.75% and a return on equity of 6.07%. Brixmor Property Group’s revenue was down .9% compared to the same quarter last year. During the same period last year, the business posted $0.46 EPS.
BRX stock traded down $0.34 during midday trading on Tuesday, hitting $21.96. The stock had a trading volume of 129,979 shares, compared to its average volume of 2,461,857. Brixmor Property Group has a 12-month low of $8.70 and a 12-month high of $22.79. The firm has a market cap of $6.52 billion, a PE ratio of 42.08 and a beta of 1.63. The company’s 50-day moving average price is $20.92 and its 200 day moving average price is $17.49. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.97 and a quick ratio of 1.97.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Monday, April 5th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Thursday, April 1st. This represents a $0.86 dividend on an annualized basis and a yield of 3.92%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 45.03%.
A number of brokerages have recently issued reports on BRX. Bank of America upgraded shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $17.00 to $18.50 in a report on Tuesday, January 19th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Brixmor Property Group from $17.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, April 15th. Zacks Investment Research lowered Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 14th. Mizuho raised their price objective on Brixmor Property Group from $16.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, February 23rd. Finally, Truist boosted their target price on Brixmor Property Group from $17.00 to $20.00 in a research report on Friday, March 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $16.23.
In other news, CFO Angela M. Aman sold 7,500 shares of the stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $22.00, for a total transaction of $165,000.00. Following the transaction, the chief financial officer now directly owns 102,469 shares in the company, valued at approximately $2,254,318. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Carolyn Carter Singh sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 9th. The stock was sold at an average price of $20.64, for a total transaction of $206,400.00. In the last three months, insiders have sold 30,000 shares of company stock worth $636,800. Corporate insiders own 0.44% 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 395 retail centers comprise approximately 69 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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