Brixmor Property Group Inc. (NYSE:BRX) Set to Announce Quarterly Earnings on Monday
Brixmor Property Group Inc. (NYSE:BRX) will be issuing its quarterly earnings data after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. Brixmor Property Group had a return on equity of 9.85% and a net margin of 22.43%. The business had revenue of $325.80 million for the quarter, compared to analyst estimates of $317.02 million. During the same quarter in the prior year, the company posted $0.53 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts expect Brixmor Property Group to post $2.1 EPS for the current fiscal year and $2.17 EPS for the next fiscal year.
Brixmor Property Group Inc. (BRX) opened at 18.75 on Monday. Brixmor Property Group Inc. has a 52 week low of $17.35 and a 52 week high of $29.14. The stock has a 50 day moving average price of $18.38 and a 200 day moving average price of $21.01. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 19.95 and a beta of 0.50.
The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Thursday, July 6th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 5.55%. The ex-dividend date was Monday, July 3rd. Brixmor Property Group’s payout ratio is 110.64%.
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BRX has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Brixmor Property Group from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Citigroup Inc. lowered their price objective on Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating for the company in a research report on Tuesday, May 9th. BidaskClub raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Brixmor Property Group in a research report on Monday, June 19th. Finally, Barclays PLC lowered their price objective on Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $26.27.
In related news, insider James M. Taylor, Jr. acquired 5,300 shares of Brixmor Property Group stock in a transaction on Monday, May 8th. The shares were bought at an average price of $18.77 per share, for a total transaction of $99,481.00. Following the completion of the purchase, the insider now directly owns 209,193 shares in the company, valued at approximately $3,926,552.61. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Schreiber acquired 10,000 shares of Brixmor Property Group stock in a transaction on Thursday, May 11th. The shares were bought at an average price of $18.85 per share, for a total transaction of $188,500.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $188,500. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 33,000 shares of company stock worth $616,856. 0.27% of the stock is currently owned by insiders.
Brixmor Property Group Company Profile
Brixmor Property Group Inc is an internally managed real estate investment trust. The Company conducts its operations primarily through Brixmor Operating Partnership LP and subsidiaries (collectively, the Operating Partnership). As of December 31, 2016, it owned interests in 512 shopping centers (the Portfolio) with approximately 86 million square feet of gross leasable area (GLA), including 511 shopping centers and one shopping center held through an unconsolidated joint venture.
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