Brixmor Property Group Inc (NYSE:BRX) – Analysts at Boenning Scattergood upped their Q1 2018 earnings per share (EPS) estimates for Brixmor Property Group in a research report issued on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings per share of $0.51 for the quarter, up from their prior estimate of $0.50. Boenning Scattergood currently has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Brixmor Property Group’s Q4 2018 earnings at $0.50 EPS, Q4 2019 earnings at $0.55 EPS and FY2019 earnings at $2.13 EPS.
Brixmor Property Group (NYSE:BRX) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.27). The company had revenue of $320.06 million for the quarter, compared to analyst estimates of $312.97 million. Brixmor Property Group had a return on equity of 10.30% and a net margin of 23.40%. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share.
Brixmor Property Group (NYSE:BRX) opened at $15.01 on Thursday. The company has a market capitalization of $4,524.85, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.85 and a beta of 0.35. Brixmor Property Group has a twelve month low of $13.74 and a twelve month high of $23.85. The company has a current ratio of 0.65, a quick ratio of 0.70 and a debt-to-equity ratio of 1.95.
Brixmor Property Group declared that its Board of Directors has authorized 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 reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, April 5th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date of this dividend is Wednesday, April 4th. Brixmor Property Group’s dividend payout ratio is currently 112.24%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Glenmede Trust Co. NA increased its holdings in Brixmor Property Group by 0.7% during the 4th quarter. Glenmede Trust Co. NA now owns 942,899 shares of the real estate investment trust’s stock worth $17,592,000 after purchasing an additional 6,399 shares in the last quarter. Vident Investment Advisory LLC boosted its stake in shares of Brixmor Property Group by 82.2% in the 4th quarter. Vident Investment Advisory LLC now owns 26,146 shares of the real estate investment trust’s stock worth $488,000 after buying an additional 11,793 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter worth approximately $1,192,000. Millennium Management LLC boosted its stake in shares of Brixmor Property Group by 0.7% in the 4th quarter. Millennium Management LLC now owns 5,833,012 shares of the real estate investment trust’s stock worth $108,844,000 after buying an additional 41,579 shares during the last quarter. Finally, Flinton Capital Management LLC purchased a new position in shares of Brixmor Property Group in the 4th quarter worth approximately $764,000. 98.98% of the stock is owned by hedge funds and other institutional investors.
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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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