Brixmor Property Group Inc. (NYSE:BRX) – Equities researchers at Boenning Scattergood cut their Q4 2018 earnings estimates for shares of Brixmor Property Group in a research note issued to investors on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings per share of $0.55 for the quarter, down from their prior estimate of $0.59. Boenning Scattergood currently has a “Hold” rating on the stock.

Several other research firms have also recently issued reports on BRX. Zacks Investment Research upgraded Brixmor Property Group from a “sell” rating to a “hold” rating in a research report on Friday, May 19th. BidaskClub upgraded Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 27th. Royal Bank Of Canada reiterated a “hold” rating and issued a $23.00 price objective on shares of Brixmor Property Group in a research report on Monday, June 19th. ValuEngine cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Citigroup Inc. cut 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.30.

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Brixmor Property Group (NYSE:BRX) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Brixmor Property Group had a net margin of 23.06% and a return on equity of 10.22%. The firm had revenue of $322.80 million for the quarter, compared to analysts’ expectations of $315.69 million. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its position 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 in the last quarter. World Asset Management Inc boosted its position 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 boosted its position 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. boosted its position 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, Cigna Investments Inc. New boosted its position in shares of Brixmor Property Group by 0.6% in the second quarter. Cigna Investments Inc. New now owns 66,416 shares of the real estate investment trust’s stock worth $1,188,000 after buying an additional 422 shares in the last quarter.

In other news, Director John Schreiber purchased 10,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was acquired at an average price of $18.85 per share, for a total transaction 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 acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.27% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Thursday, October 5th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Wednesday, October 4th. Brixmor Property Group’s dividend payout ratio is currently 106.12%.

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.

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

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