Brixmor Property Group (BRX) Set to Announce Earnings on Monday

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.

Several brokerages recently weighed in on BRX. Mizuho restated a “buy” rating and issued a $19.50 price target on shares of Brixmor Property Group in a research report on Friday, November 10th. Boenning Scattergood reaffirmed a “buy” rating and set a $22.00 price objective on shares of Brixmor Property Group in a research note on Thursday, December 7th. Zacks Investment Research raised shares of Brixmor Property Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. ValuEngine lowered shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Mitsubishi UFJ Financial Group raised shares of Brixmor Property Group from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Brixmor Property Group currently has an average rating of “Hold” and an average target price of $19.75.

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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.

Earnings History for Brixmor Property Group (NYSE:BRX)

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