Brixmor Property Group (NYSE:BRX) will be releasing its earnings data after the market closes on Monday, February 12th. Analysts expect Brixmor Property Group to post earnings of $0.19 per share for the quarter.
Shares of Brixmor Property Group (NYSE:BRX) opened at $15.61 on Monday. Brixmor Property Group has a 1 year low of $15.47 and a 1 year high of $24.64. The firm has a market cap of $4,760.07, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.94 and a beta of 0.35. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.70 and a quick ratio of 0.70.
Brixmor Property Group announced that its Board of Directors has authorized a stock repurchase program on Tuesday, December 5th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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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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