Wall Street brokerages predict that Brixmor Property Group Inc. (NYSE:BRX) will report sales of $314.56 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Brixmor Property Group’s earnings, with the lowest sales estimate coming in at $303.61 million and the highest estimate coming in at $324.78 million. Brixmor Property Group reported sales of $310.06 million in the same quarter last year, which indicates a positive year over year growth rate of 1.5%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, July 31st.

On average, analysts expect that Brixmor Property Group will report full-year sales of $314.56 million for the current fiscal year, with estimates ranging from $1.25 billion to $1.31 billion. For the next financial year, analysts expect that the business will report sales of $1.31 billion per share, with estimates ranging from $1.27 billion to $1.35 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Brixmor Property Group.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $0.53 EPS for the quarter, topping the Zacks’ 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 company had revenue of $325.80 million during the quarter, compared to analysts’ expectations of $317.02 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The firm’s revenue was up .8% compared to the same quarter last year.

Several analysts have commented on BRX shares. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. BidaskClub raised shares of Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada reissued a “hold” rating and set a $23.00 price objective on shares of Brixmor Property Group in a research note on Monday, June 19th. 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 price objective 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 equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $26.30.

In related news, Director John Schreiber bought 10,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The shares were acquired 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 in the company, valued at approximately $188,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark Horgan bought 2,700 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was bought at an average price of $18.75 per share, for a total transaction of $50,625.00. Following the purchase, the executive vice president now owns 53,703 shares in the company, valued at approximately $1,006,931.25. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 33,000 shares of company stock worth $616,856. Company insiders own 0.27% of the company’s stock.

Several large investors have recently modified their holdings of BRX. Pacer Advisors Inc. raised its stake in shares of Brixmor Property Group by 3.3% in the first quarter. Pacer Advisors Inc. now owns 6,575 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 209 shares during the period. World Asset Management Inc increased its stake in shares of Brixmor Property Group by 2.0% in the first quarter. World Asset Management Inc now owns 12,995 shares of the real estate investment trust’s stock worth $279,000 after buying an additional 256 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Brixmor Property Group by 0.3% in the first quarter. Fifth Third Bancorp now owns 92,123 shares of the real estate investment trust’s stock worth $1,977,000 after buying an additional 301 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its stake in shares of 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. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Brixmor Property Group by 3.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 19,828 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 570 shares in the last quarter.

Shares of Brixmor Property Group (NYSE BRX) opened at 19.51 on Thursday. Brixmor Property Group has a 12 month low of $17.35 and a 12 month high of $29.14. The firm’s 50-day moving average price is $18.50 and its 200-day moving average price is $20.84. The firm has a market cap of $5.95 billion, a PE ratio of 20.76 and a beta of 0.50.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Thursday, July 6th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, July 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.33%. Brixmor Property Group’s dividend payout ratio (DPR) is presently 110.64%.

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

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