Brixmor Property Group (BRX) Releases Earnings Results, Misses Estimates By $0.17 EPS

Brixmor Property Group (NYSE:BRX) issued its earnings results on Monday. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.17), Fidelity Earnings reports. Brixmor Property Group had a return on equity of 12.47% and a net margin of 28.54%. Brixmor Property Group updated its FY 2019 guidance to $2.00-2.00 EPS.

Shares of BRX stock opened at $17.87 on Tuesday. Brixmor Property Group has a 1-year low of $13.84 and a 1-year high of $18.71. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.78. The firm has a market cap of $5.36 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 2.58 and a beta of 0.79.

A number of equities analysts recently issued reports on the company. BMO Capital Markets restated a “hold” rating and issued a $17.00 target price on shares of Brixmor Property Group in a report on Monday. ValuEngine upgraded Brixmor Property Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. JPMorgan Chase & Co. downgraded Brixmor Property Group from an “overweight” rating to a “neutral” rating in a report on Wednesday, December 19th. Wells Fargo & Co lowered their price target on Brixmor Property Group from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, November 12th. Finally, KeyCorp upgraded Brixmor Property Group from a “sector weight” rating to an “overweight” rating and set a $18.00 price target on the stock in a report on Monday, October 29th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Brixmor Property Group presently has a consensus rating of “Hold” and an average target price of $18.46.

Several hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position in Brixmor Property Group by 2.6% during the fourth quarter. Advisors Asset Management Inc. now owns 34,845 shares of the real estate investment trust’s stock valued at $512,000 after purchasing an additional 873 shares during the last quarter. Utah Retirement Systems boosted its position in Brixmor Property Group by 1.3% during the fourth quarter. Utah Retirement Systems now owns 92,345 shares of the real estate investment trust’s stock valued at $1,357,000 after purchasing an additional 1,200 shares during the last quarter. LPL Financial LLC boosted its position in Brixmor Property Group by 2.9% during the fourth quarter. LPL Financial LLC now owns 44,127 shares of the real estate investment trust’s stock valued at $648,000 after purchasing an additional 1,243 shares during the last quarter. Nwam LLC boosted its position in Brixmor Property Group by 4.9% during the fourth quarter. Nwam LLC now owns 32,234 shares of the real estate investment trust’s stock valued at $474,000 after purchasing an additional 1,503 shares during the last quarter. Finally, Gilman Hill Asset Management LLC boosted its position in Brixmor Property Group by 5.5% during the fourth quarter. Gilman Hill Asset Management LLC now owns 35,770 shares of the real estate investment trust’s stock valued at $525,000 after purchasing an additional 1,855 shares during the last quarter. Institutional investors and hedge funds own 98.30% of the company’s stock.

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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 for Brixmor Property Group (NYSE:BRX)

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