Analysts Offer Predictions for Brixmor Property Group Inc.’s FY2017 Earnings (BRX)

Brixmor Property Group Inc. (NYSE:BRX) – Investment analysts at SunTrust Banks dropped their FY2017 EPS estimates for shares of Brixmor Property Group in a research note issued to investors on Thursday. SunTrust Banks analyst K. Kim now expects that the real estate investment trust will earn $2.08 per share for the year, down from their previous estimate of $2.09. SunTrust Banks also issued estimates for Brixmor Property Group’s Q1 2018 earnings at $0.51 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.50 EPS and Q4 2018 earnings at $0.50 EPS.

A number of other research analysts also recently issued reports on the company. KeyCorp restated a “hold” rating on shares of Brixmor Property Group in a research note on Friday, August 25th. Boenning Scattergood upgraded Brixmor Property Group from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research note on Tuesday, September 12th. BMO Capital Markets started coverage on Brixmor Property Group in a research note on Monday, September 11th. They set a “market perform” rating and a $20.00 price target on the stock. Mizuho restated a “buy” rating and set a $19.50 price target on shares of Brixmor Property Group in a research note on Friday, November 10th. Finally, ValuEngine downgraded Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $22.00.

Brixmor Property Group (NYSE:BRX) opened at $17.93 on Monday. The stock has a market capitalization of $5,467.52, a P/E ratio of 8.50, a P/E/G ratio of 1.93 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.70. Brixmor Property Group has a 12 month low of $17.23 and a 12 month high of $25.34.

Brixmor Property Group (NYSE:BRX) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.24). The business had revenue of $314.50 million during 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 company’s revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Several institutional investors and hedge funds have recently bought and sold shares of BRX. Public Employees Retirement Association of Colorado lifted its holdings in shares of Brixmor Property Group by 58.3% in the 2nd 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 during the period. NGAM Advisors L.P. lifted its holdings in shares of Brixmor Property Group by 70.8% in the 2nd quarter. NGAM Advisors L.P. now owns 23,646 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 9,802 shares during the period. World Asset Management Inc lifted its holdings in shares of Brixmor Property Group by 15.7% in the 2nd quarter. World Asset Management Inc now owns 15,037 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 2,042 shares during the period. New Mexico Educational Retirement Board lifted its holdings in shares of Brixmor Property Group by 3.7% in the 2nd quarter. New Mexico Educational Retirement Board now owns 41,800 shares of the real estate investment trust’s stock valued at $819,000 after buying an additional 1,500 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Brixmor Property Group by 83.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 91,200 shares of the real estate investment trust’s stock valued at $1,631,000 after buying an additional 41,500 shares during the period. 98.57% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Mark Horgan acquired 3,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was bought at an average cost of $17.64 per share, with a total value of $52,920.00. Following the transaction, the executive vice president now owns 56,703 shares of the company’s stock, valued at $1,000,240.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is currently owned by company insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 6.13%. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, January 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 98.11%.

Brixmor Property Group announced that its board has approved a stock repurchase plan on Tuesday, December 5th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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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 and Estimates for Brixmor Property Group (NYSE:BRX)

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