Brixmor Property Group Inc. (NYSE:BRX) will be posting its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect Brixmor Property Group to post earnings of $0.51 per share for the quarter. Brixmor Property Group has set its FY17 guidance at $2.05-$2.12 EPS.

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, topping the Zacks’ consensus estimate 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 company had revenue of $322.80 million during the quarter, compared to the consensus estimate of $315.69 million. During the same period in the prior year, the firm earned $0.50 earnings per share. Brixmor Property Group’s revenue was up 4.1% on a year-over-year basis. On average, analysts expect Brixmor Property Group to post $0.86 EPS for the current fiscal year and $0.86 EPS for the next fiscal year.

Brixmor Property Group Inc. (NYSE:BRX) opened at 18.42 on Monday. The company has a 50-day moving average of $18.95 and a 200-day moving average of $19.13. The company has a market capitalization of $5.62 billion, a P/E ratio of 18.87 and a beta of 0.53. Brixmor Property Group Inc. has a 1-year low of $17.35 and a 1-year high of $26.91.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Thursday, October 5th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $1.04 annualized dividend and a yield of 5.65%. Brixmor Property Group’s dividend payout ratio (DPR) is 106.12%.

In other news, Director John Schreiber acquired 10,000 shares of Brixmor Property Group stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average price of $18.72 per share, for a total transaction of $187,200.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at approximately $374,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James M. Taylor, Jr. acquired 15,600 shares of Brixmor Property Group stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $19.24 per share, with a total value of $300,144.00. Following the purchase, the insider now owns 224,793 shares in the company, valued at $4,325,017.32. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

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Several research firms have issued reports on BRX. Royal Bank Of Canada reissued a “hold” rating and issued a $23.00 price objective on shares of Brixmor Property Group in a research report on Wednesday, August 2nd. Barclays PLC restated a “hold” rating and issued a $22.00 price target on shares of Brixmor Property Group in a report on Monday, August 14th. Boenning Scattergood restated a “hold” rating on shares of Brixmor Property Group in a report on Wednesday, August 2nd. ValuEngine upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.50.

About Brixmor Property Group

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 for Brixmor Property Group (NYSE:BRX)

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