Brixmor Property Group Inc. (NYSE:BRX) – Stock analysts at Boenning Scattergood dropped their Q4 2017 earnings per share (EPS) estimates for Brixmor Property Group in a research note issued on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will earn $0.51 per share for the quarter, down from their previous forecast of $0.53. Boenning Scattergood has a “Buy” rating and a $22.00 price target on the stock. Boenning Scattergood also issued estimates for Brixmor Property Group’s Q1 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.53 EPS and FY2018 earnings at $2.14 EPS.

Brixmor Property Group (NYSE:BRX) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.24). Brixmor Property Group had a return on equity of 11.08% and a net margin of 25.14%. The company had revenue of $314.50 million for the quarter, compared to analyst estimates of $317.31 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s quarterly revenue was down 1.3% compared to the same quarter last year.

ILLEGAL ACTIVITY WARNING: “Brixmor Property Group Inc. to Post Q4 2017 Earnings of $0.51 Per Share, Boenning Scattergood Forecasts (BRX)” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/11/02/brixmor-property-group-inc-to-post-q4-2017-earnings-of-0-51-per-share-boenning-scattergood-forecasts-brx.html.

A number of other analysts also recently commented on the stock. KeyCorp restated a “hold” rating on shares of Brixmor Property Group in a research report on Friday, August 25th. BMO Capital Markets initiated coverage on shares of Brixmor Property Group in a research report on Monday, September 11th. They set a “market perform” rating and a $20.00 price target on the stock. ValuEngine downgraded shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Finally, Barclays PLC lowered their price objective on shares of Brixmor Property Group from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Brixmor Property Group has an average rating of “Hold” and a consensus target price of $23.50.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Thursday, January 4th will be given a dividend of $0.275 per share. This is an increase from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $1.10 annualized dividend and a yield of 6.30%. Brixmor Property Group’s dividend payout ratio is 98.11%.

In other Brixmor Property Group news, insider James M. Taylor, Jr. bought 15,600 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was acquired at an average cost 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Schreiber bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were acquired at an average cost of $18.72 per share, with a total value of $187,200.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at approximately $374,400. The disclosure for this purchase can be found here. 0.27% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of BRX. Pacer Advisors Inc. grew its stake in shares of Brixmor Property Group by 8.4% during the 2nd quarter. Pacer Advisors Inc. now owns 7,129 shares of the real estate investment trust’s stock worth $127,000 after acquiring an additional 554 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Brixmor Property Group by 621.1% in the third quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 6,845 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Brixmor Property Group by 159.5% in the second quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 5,203 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of Brixmor Property Group by 17.5% in the second quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 1,420 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in shares of Brixmor Property Group by 58.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 9,603 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 3,538 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.

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

Receive News & Ratings for Brixmor Property Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brixmor Property Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.