Brixmor Property Group Inc. (BRX) Expected to Post Quarterly Sales of $315.65 Million
Equities research analysts forecast that Brixmor Property Group Inc. (NYSE:BRX) will report $315.65 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Brixmor Property Group’s earnings, with the lowest sales estimate coming in at $309.46 million and the highest estimate coming in at $320.07 million. Brixmor Property Group reported sales of $324.03 million in the same quarter last year, which would suggest a negative year over year growth rate of 2.6%. The company is scheduled to report its next quarterly earnings report on Monday, February 12th.
According to Zacks, analysts expect that Brixmor Property Group will report full year sales of $315.65 million for the current financial year, with estimates ranging from $1.27 billion to $1.28 billion. For the next year, analysts forecast that the company will post sales of $1.28 billion per share, with estimates ranging from $1.26 billion to $1.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Brixmor Property Group.
Brixmor Property Group (NYSE:BRX) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.24). The company had revenue of $314.50 million for the quarter, compared to analysts’ expectations of $317.31 million. Brixmor Property Group had a net margin of 25.14% and a return on equity of 11.08%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS.
Brixmor Property Group (BRX) opened at $18.12 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. Brixmor Property Group has a twelve month low of $17.23 and a twelve month high of $25.34. The company has a market cap of $5,534.61, a price-to-earnings ratio of 8.60, a P/E/G ratio of 1.92 and a beta of 0.52.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend is Wednesday, January 3rd. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.26. Brixmor Property Group’s dividend payout ratio (DPR) is 98.11%.
In other news, EVP Mark Horgan purchased 3,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were acquired at an average price of $17.64 per share, with a total value of $52,920.00. Following the acquisition, the executive vice president now directly owns 56,703 shares in the company, valued at $1,000,240.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.27% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in BRX. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Brixmor Property Group during the 3rd quarter valued at about $100,000. Pacer Advisors Inc. boosted 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 valued at $127,000 after purchasing an additional 554 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Brixmor Property Group by 621.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 7,947 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 6,845 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Brixmor Property Group by 159.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,466 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 5,203 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of Brixmor Property Group by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 9,557 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 1,420 shares in the last quarter. 98.57% of the stock is currently owned by institutional investors and hedge funds.
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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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