Brixmor Property Group (BRX) Releases FY 2019 Earnings Guidance

Brixmor Property Group (NYSE:BRX) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.00-2.00 for the period.

Shares of BRX traded up $0.09 during midday trading on Monday, reaching $17.87. The company had a trading volume of 5,788,570 shares, compared to its average volume of 5,868,756. Brixmor Property Group has a 1-year low of $13.84 and a 1-year high of $18.71. The company has a market capitalization of $5.33 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 2.58 and a beta of 0.79. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.78.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Brixmor Property Group from a sell rating to a hold rating in a report on Thursday, October 25th. Barclays restated a hold rating and set a $16.00 target price on shares of Brixmor Property Group in a research note on Sunday, October 14th. ValuEngine raised Brixmor Property Group from a sell rating to a hold rating in a research report on Tuesday, January 29th. JPMorgan Chase & Co. lowered Brixmor Property Group from an overweight rating to a neutral rating in a research report on Wednesday, December 19th. Finally, Scotiabank began coverage on Brixmor Property Group in a report on Tuesday, October 16th. They issued an outperform rating on the stock. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $18.42.

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Brixmor Property Group Company Profile

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers. Its 445 retail centers comprise approximately 77 million square feet of prime retail space in established trade areas. The Company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers.

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

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