Brokerages Anticipate Brixmor Property Group Inc. (BRX) to Post $0.51 EPS
Equities research analysts expect Brixmor Property Group Inc. (NYSE:BRX) to announce earnings per share (EPS) of $0.51 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Brixmor Property Group’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.52. Brixmor Property Group reported earnings of $0.50 per share during the same quarter last year, which indicates a positive year over year growth rate of 2%. The business is scheduled to issue its next earnings report after the market closes on Monday, July 31st.
According to Zacks, analysts expect that Brixmor Property Group will report full-year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.11. For the next year, analysts expect that the company will post earnings of $2.17 per share, with EPS estimates ranging from $2.12 to $2.22. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Brixmor Property Group.
Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.01. Brixmor Property Group had a net margin of 22.43% and a return on equity of 9.85%. The firm had revenue of $325.80 million during the quarter, compared to analysts’ expectations of $317.02 million. During the same period in the previous year, the company earned $0.53 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis.
A number of analysts recently commented on BRX shares. Barclays PLC lowered their target price on shares of Brixmor Property Group from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Friday, June 16th. Royal Bank Of Canada reiterated a “hold” rating and issued a $23.00 target price on shares of Brixmor Property Group in a research note on Monday, June 19th. Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. ValuEngine cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Citigroup Inc. lowered their target price on shares of Brixmor Property Group from $26.00 to $20.50 and set a “neutral” rating for the company in a research note on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $26.27.
Brixmor Property Group (NYSE BRX) traded up 2.59% on Tuesday, hitting $19.42. 3,809,308 shares of the stock traded hands. Brixmor Property Group has a 12 month low of $17.35 and a 12 month high of $29.14. The firm has a 50-day moving average price of $18.42 and a 200-day moving average price of $20.90. The company has a market capitalization of $5.92 billion, a PE ratio of 20.66 and a beta of 0.50.
The firm 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 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was Monday, July 3rd. Brixmor Property Group’s dividend payout ratio is presently 110.64%.
In other Brixmor Property Group news, insider James M. Taylor, Jr. purchased 5,300 shares of Brixmor Property Group stock in a transaction on Monday, May 8th. The stock was bought at an average cost of $18.77 per share, with a total value of $99,481.00. Following the transaction, the insider now owns 209,193 shares of the company’s stock, valued at approximately $3,926,552.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Schreiber purchased 10,000 shares of Brixmor Property Group stock in a transaction on Thursday, May 11th. The shares were acquired at an average cost of $18.85 per share, with a total value of $188,500.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $188,500. The disclosure for this purchase can be found here. Insiders have acquired a total of 33,000 shares of company stock valued at $616,856 over the last three months. 0.27% of the stock is currently owned by insiders.
A number of institutional investors have recently bought and sold shares of BRX. Mn Services Vermogensbeheer B.V. raised its position in Brixmor Property Group by 4.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 8,116 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 341 shares in the last quarter. Dalton Greiner Hartman Maher & Co. acquired a new position in Brixmor Property Group during the first quarter worth about $318,000. State of Alaska Department of Revenue raised its position in Brixmor Property Group by 30.0% in the first quarter. State of Alaska Department of Revenue now owns 148,260 shares of the real estate investment trust’s stock worth $3,180,000 after buying an additional 34,210 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in Brixmor Property Group by 7.6% in the first quarter. Duff & Phelps Investment Management Co. now owns 2,500,788 shares of the real estate investment trust’s stock worth $53,667,000 after buying an additional 176,035 shares in the last quarter. Finally, DnB Asset Management AS raised its position in Brixmor Property Group by 25.4% in the first quarter. DnB Asset Management AS now owns 24,200 shares of the real estate investment trust’s stock worth $519,000 after buying an additional 4,900 shares in the last quarter.
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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