FY2021 EPS Estimates for Brixmor Property Group Inc. Lifted by Analyst (NYSE:BRX)

Brixmor Property Group Inc. (NYSE:BRX) – Equities researchers at Jefferies Financial Group lifted their FY2021 EPS estimates for shares of Brixmor Property Group in a research note issued on Wednesday, November 24th. Jefferies Financial Group analyst L. Tsai now forecasts that the real estate investment trust will earn $1.74 per share for the year, up from their prior forecast of $1.68. Jefferies Financial Group also issued estimates for Brixmor Property Group’s Q4 2021 earnings at $0.45 EPS, Q3 2022 earnings at $0.47 EPS, Q4 2022 earnings at $0.48 EPS, FY2022 earnings at $1.88 EPS, FY2023 earnings at $2.00 EPS and FY2024 earnings at $2.06 EPS.

Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings results on Monday, November 1st. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.19). Brixmor Property Group had a net margin of 18.94% and a return on equity of 7.94%. The firm had revenue of $290.20 million during the quarter, compared to analysts’ expectations of $278.57 million. During the same period last year, the company earned $0.38 EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis.

Several other analysts have also recently weighed in on the stock. Wolfe Research assumed coverage on shares of Brixmor Property Group in a research note on Thursday, September 23rd. They issued a “peer perform” rating and a $25.00 price target for the company. Barclays assumed coverage on shares of Brixmor Property Group in a research report on Wednesday, September 1st. They set an “overweight” rating and a $30.00 price objective for the company. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Brixmor Property Group from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Wednesday, October 6th. Zacks Investment Research cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 31st. Finally, Piper Sandler increased their price objective on shares of Brixmor Property Group from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 1st. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Brixmor Property Group has an average rating of “Hold” and an average target price of $23.46.

Brixmor Property Group stock opened at $25.03 on Thursday. The firm has a 50 day simple moving average of $23.79 and a 200-day simple moving average of $23.24. Brixmor Property Group has a 1-year low of $15.27 and a 1-year high of $25.83. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of 35.25, a price-to-earnings-growth ratio of 1.42 and a beta of 1.66.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 18th. Shareholders of record on Wednesday, January 5th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, January 4th. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 3.84%. Brixmor Property Group’s dividend payout ratio is 121.13%.

In other Brixmor Property Group news, insider Brian T. Finnegan sold 5,000 shares of the stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $24.91, for a total transaction of $124,550.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 20,000 shares of company stock worth $481,000. 0.57% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Hillsdale Investment Management Inc. acquired a new stake in shares of Brixmor Property Group in the 3rd quarter valued at $30,000. Signaturefd LLC raised its stake in Brixmor Property Group by 52.3% during the 3rd quarter. Signaturefd LLC now owns 1,549 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 532 shares in the last quarter. Eaton Vance Management acquired a new stake in Brixmor Property Group during the 1st quarter worth $39,000. US Bancorp DE raised its stake in Brixmor Property Group by 36.7% during the 3rd quarter. US Bancorp DE now owns 6,265 shares of the real estate investment trust’s stock worth $139,000 after acquiring an additional 1,683 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in Brixmor Property Group by 940.2% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 8,093 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 7,315 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Brixmor Property Group Company Profile

Brixmor Property Group, Inc operates as real estate investment trust. It owns and operates wholly owned portfolio of grocery anchored community and neighborhood shopping centers. The company was founded in 1985 and is headquartered in New York, NY.

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Earnings History and Estimates for Brixmor Property Group (NYSE:BRX)

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