Analysts Expect Brixmor Property Group Inc. (NYSE: BRX) to Report Earnings Per Share of $ 0.42
Stock analysts predict that Brixmor Property Group Inc. (NYSE: BRX) will post earnings of $ 0.42 per share for the current quarter, Zacks reports. Six analysts made estimates for Brixmor Property Group earnings. The highest EPS estimate is $ 0.43 and the lowest is $ 0.41. Brixmor Property Group posted earnings of $ 0.32 per share in the same quarter last year, indicating a positive year-over-year growth rate of 31.3%. The company is expected to release its next quarterly results after the market closes on Monday August 2.
According to Zacks, analysts expect Brixmor Property Group to report annual earnings of $ 1.69 per share for the current fiscal year, with EPS estimates ranging from $ 1.66 to $ 1.70. For next year, analysts predict the company will report earnings of $ 1.79 per share, with EPS estimates ranging from $ 1.71 to $ 1.82. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research companies that track Brixmor Property Group.
Brixmor Property Group (NYSE: BRX) last reported its results on Sunday, May 2. The real estate investment trust reported earnings per share (EPS) of $ 0.18 for the quarter, missing the consensus estimate of $ 0.40 by Thomson Reuters ($ 0.22). Brixmor Property Group recorded a return on equity of 4.42% and a net margin of 10.83%. The company posted revenue of $ 279.75 million for the quarter, compared to a consensus estimate of $ 265.51 million. During the same period of the previous year, the company achieved earnings per share of $ 0.46. The company’s turnover is down 0.9% compared to the same quarter last year.
BRX has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Brixmor Property Group shares from a “hold” rating to a “buy” rating and set a price target of $ 25.00 for the company in a report released Monday. KeyCorp raised its price target for Brixmor Property Group shares from $ 22.00 to $ 24.00 and assigned the stock an “overweight” rating in a report released on Thursday, May 27th. Deutsche Bank Aktiengesellschaft raised its target price on Brixmor Property Group shares from $ 22.00 to $ 25.00 and gave the stock a “hold” rating in a research report on Tuesday, June 8. Finally, Scotiabank increased its target price on Brixmor Property Group shares from $ 21.00 to $ 24.00 and gave the stock a “sector performance” rating in a research report released on Monday 28. June. One analyst rated the stock with a sell rating, seven issued a conservation rating, and three assigned a buy rating to the company’s stock. Brixmor Property Group currently has a consensus rating of “Hold” and a consensus target price of $ 19.71.
BRX shares opened at $ 21.41 on Tuesday. The company has a 50-day moving average price of $ 22.85. The stock has a market cap of $ 6.36 billion, a P / E ratio of 56.34, a P / E / G ratio of 1.55 and a beta of 1.72. The company has a debt to equity ratio of 1.93, a quick ratio of 1.36, and a current ratio of 1.36. Brixmor Property Group has a one-year low of $ 10.58 and a one-year high of $ 24.42.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 15. Shareholders of record on Tuesday July 6 received a dividend of $ 0.215. The ex-dividend date was Friday July 2. This represents a dividend of $ 0.86 on an annualized basis and a dividend yield of 4.02%. Brixmor Property Group’s dividend payout ratio (DPR) is currently 58.50%.
In other Brixmor Property Group news, insider Steven F. Siegel sold 7,500 shares of Brixmor Property Group in a transaction that took place on Thursday, July 15. The shares were sold at an average price of $ 22.66, for a total trade of $ 169,950.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In addition, the main shareholder Opaleye Management Inc. sold 105,000 shares of Brixmor Property Group in a transaction that took place on Tuesday June 15th. The shares were sold at an average price of $ 8.07, for a total trade of $ 847,350.00. Insiders have sold 155,000 shares of the company valued at $ 1,997,300 in the past 90 days. 0.57% of the shares are held by insiders of the company.
A number of institutional investors have recently changed their positions in the company. Geode Capital Management LLC increased its position in Brixmor Property Group by 0.3% in the first quarter. Geode Capital Management LLC now owns 4,700,266 real estate investment trust shares valued at $ 95,086,000 after purchasing an additional 13,710 shares during the last quarter. Morgan Stanley increased its stake in Brixmor Property Group shares by 230.4% during the fourth quarter. Morgan Stanley now owns 4,212,896 real estate investment trust shares worth $ 69,723,000 after acquiring an additional 2,937,861 shares in the last quarter. Northern Trust Corp increased its stake in Brixmor Property Group shares by 1.1% during the first quarter. Northern Trust Corp now owns 3,985,215 real estate investment trust shares worth $ 80,620,000 after acquiring 44,806 additional shares in the last quarter. Norges Bank purchased a new position in Brixmor Property Group shares during the fourth quarter valued at approximately $ 59,621,000. Finally, Cbre Clarion Securities LLC increased its stake in Brixmor Property Group shares by 31.8% during the first quarter. Cbre Clarion Securities LLC now owns 3,482,004 real estate investment trust shares worth $ 70,441,000 after acquiring an additional 839,550 shares during the last quarter. Institutional investors and hedge funds hold 95.96% of the company’s shares.
Brixmor Real Estate Group Company Profile
Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high quality nationwide portfolio of open-pit shopping centers. Its 395 malls include approximately 69 million square feet of premier retail space in established shopping 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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