Brokerages expect that Brixmor Property Group Inc (NYSE:BRX) will report earnings per share (EPS) of $0.47 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Brixmor Property Group’s earnings, with estimates ranging from $0.46 to $0.48. Brixmor Property Group posted earnings per share of $0.51 during the same quarter last year, which would indicate a negative year over year growth rate of 7.8%. The company is expected to report its next quarterly earnings results after the market closes on Monday, April 29th.
On average, analysts expect that Brixmor Property Group will report full year earnings of $1.89 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $1.91. For the next fiscal year, analysts forecast that the firm will report earnings of $1.96 per share, with EPS estimates ranging from $1.92 to $2.02. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Brixmor Property Group.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, February 11th. The real estate investment trust reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.17). The firm had revenue of $297.66 million for the quarter, compared to analyst estimates of $302.22 million. Brixmor Property Group had a return on equity of 12.82% and a net margin of 29.67%.
Several research analysts have recently weighed in on the company. BMO Capital Markets reaffirmed a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a research report on Monday, February 11th. ValuEngine raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Zacks Investment Research raised Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Barclays reaffirmed a “hold” rating and set a $17.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. cut Brixmor Property Group from an “overweight” rating to a “neutral” rating in a research report on Wednesday, December 19th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.39.
A number of hedge funds and other institutional investors have recently modified their holdings of BRX. Spirit of America Management Corp NY lifted its position in shares of Brixmor Property Group by 224.2% in the first quarter. Spirit of America Management Corp NY now owns 27,475 shares of the real estate investment trust’s stock valued at $505,000 after buying an additional 19,000 shares during the last quarter. Nwam LLC boosted its stake in shares of Brixmor Property Group by 2.0% in the 1st quarter. Nwam LLC now owns 32,885 shares of the real estate investment trust’s stock worth $604,000 after buying an additional 651 shares during the last quarter. New Mexico Educational Retirement Board purchased a new position in shares of Brixmor Property Group in the 1st quarter worth approximately $1,047,000. Steinberg Global Asset Management boosted its stake in shares of Brixmor Property Group by 26.8% in the 1st quarter. Steinberg Global Asset Management now owns 172,525 shares of the real estate investment trust’s stock worth $2,631,000 after buying an additional 36,444 shares during the last quarter. Finally, Retirement Systems of Alabama purchased a new position in Brixmor Property Group in the first quarter valued at approximately $7,141,000. 98.75% of the stock is owned by hedge funds and other institutional investors.
Shares of BRX stock traded down $0.13 on Friday, hitting $17.57. 52,286 shares of the stock were exchanged, compared to its average volume of 2,532,078. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $5.28 billion, a P/E ratio of 9.50, a P/E/G ratio of 2.27 and a beta of 0.77. Brixmor Property Group has a fifty-two week low of $13.84 and a fifty-two week high of $18.71.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, April 5th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, April 4th. This represents a $1.12 annualized dividend and a yield of 6.37%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 60.54%.
About Brixmor Property Group
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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