Brixmor Property Group Inc (BRX) Expected to Announce Earnings of $0.50 Per Share

Wall Street analysts expect Brixmor Property Group Inc (NYSE:BRX) to report $0.50 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Brixmor Property Group’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.51. Brixmor Property Group reported earnings of $0.53 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.7%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, February 12th.

On average, analysts expect that Brixmor Property Group will report full year earnings of $2.08 per share for the current financial year, with EPS estimates ranging from $2.07 to $2.08. For the next financial year, analysts anticipate that the company will post earnings of $2.00 per share, with EPS estimates ranging from $1.98 to $2.02. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Brixmor Property Group.

BRX has been the topic of a number of research reports. Mizuho reiterated a “buy” rating and issued a $19.50 target price on shares of Brixmor Property Group in a report on Friday, November 10th. Boenning Scattergood downgraded shares of Brixmor Property Group from an “outperform” rating to a “neutral” rating in a report on Thursday, December 14th. Zacks Investment Research downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Mitsubishi UFJ Financial Group upgraded shares of Brixmor Property Group from a “neutral” rating to an “overweight” rating in a report on Wednesday, January 3rd. Finally, Citigroup upgraded shares of Brixmor Property Group to an “overweight” rating and boosted their target price for the stock from $19.00 to $21.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $19.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC raised its holdings in shares of Brixmor Property Group by 26.2% during the second quarter. Profund Advisors LLC now owns 12,966 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 2,688 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Brixmor Property Group by 159.5% during 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 acquiring an additional 5,203 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of Brixmor Property Group by 101.8% during the second quarter. Parametric Portfolio Associates LLC now owns 505,299 shares of the real estate investment trust’s stock valued at $9,035,000 after acquiring an additional 254,931 shares during the period. Voya Investment Management LLC raised its holdings in shares of Brixmor Property Group by 48.3% during the second quarter. Voya Investment Management LLC now owns 85,541 shares of the real estate investment trust’s stock valued at $1,529,000 after acquiring an additional 27,872 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Brixmor Property Group by 92.2% during the second quarter. Janus Henderson Group PLC now owns 65,979 shares of the real estate investment trust’s stock valued at $1,180,000 after acquiring an additional 31,658 shares during the period. Institutional investors and hedge funds own 98.83% of the company’s stock.

Shares of Brixmor Property Group (NYSE:BRX) opened at $14.23 on Friday. The firm has a market cap of $4,310.00, a P/E ratio of 13.42, a PEG ratio of 1.78 and a beta of 0.35. Brixmor Property Group has a one year low of $13.74 and a one year high of $24.64. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.96.

Brixmor Property Group announced that its board has approved a share 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 purchase shares of its stock through open market purchases. Stock repurchase programs are often 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.

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

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