Analysts Anticipate Brixmor Property Group Inc (NYSE:BRX) to Announce $0.47 Earnings Per Share

Brokerages expect Brixmor Property Group Inc (NYSE:BRX) to announce $0.47 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Brixmor Property Group’s earnings, with estimates ranging from $0.47 to $0.48. Brixmor Property Group reported earnings of $0.42 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 11.9%. The business is expected to report its next earnings report after the market closes on Monday, October 28th.

According to Zacks, analysts expect that Brixmor Property Group will report full-year earnings of $1.91 per share for the current financial year, with EPS estimates ranging from $1.89 to $1.92. For the next fiscal year, analysts forecast that the firm will post earnings of $1.96 per share, with EPS estimates ranging from $1.93 to $2.00. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Brixmor Property Group.

Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.24). The firm had revenue of $291.00 million during the quarter, compared to the consensus estimate of $286.99 million. Brixmor Property Group had a net margin of 30.07% and a return on equity of 12.66%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share.

Several research firms have recently commented on BRX. ValuEngine lowered Brixmor Property Group from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered Brixmor Property Group from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays reaffirmed a “hold” rating and set a $21.00 target price on shares of Brixmor Property Group in a report on Sunday. KeyCorp upped their target price on Brixmor Property Group from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Finally, Compass Point began coverage on Brixmor Property Group in a report on Thursday, August 15th. They set a “neutral” rating and a $19.00 target price for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Brixmor Property Group has a consensus rating of “Hold” and an average price target of $20.00.

Shares of NYSE:BRX traded up $0.02 during trading on Friday, hitting $20.62. 1,670,600 shares of the company traded hands, compared to its average volume of 3,162,451. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 2.32 and a beta of 0.74. The business’s fifty day moving average is $19.73 and its 200-day moving average is $18.55. Brixmor Property Group has a one year low of $14.11 and a one year high of $20.69. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.78.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, October 4th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend was Thursday, October 3rd. Brixmor Property Group’s dividend payout ratio (DPR) is presently 60.54%.

In other Brixmor Property Group news, Director James M. Taylor, Jr. acquired 7,500 shares of Brixmor Property Group stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $18.50 per share, for a total transaction of $138,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Brixmor Property Group by 2.1% during the second quarter. Vanguard Group Inc. now owns 46,077,508 shares of the real estate investment trust’s stock worth $823,865,000 after buying an additional 934,580 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Brixmor Property Group by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 10,802,990 shares of the real estate investment trust’s stock worth $193,158,000 after buying an additional 116,348 shares during the period. Northern Trust Corp boosted its position in shares of Brixmor Property Group by 1.5% during the second quarter. Northern Trust Corp now owns 4,487,064 shares of the real estate investment trust’s stock worth $80,228,000 after buying an additional 67,306 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Brixmor Property Group by 3.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,937,294 shares of the real estate investment trust’s stock worth $70,399,000 after buying an additional 114,324 shares during the period. Finally, LSV Asset Management boosted its position in shares of Brixmor Property Group by 8.6% during the second quarter. LSV Asset Management now owns 3,202,569 shares of the real estate investment trust’s stock worth $57,261,000 after buying an additional 254,300 shares during the period. Institutional investors and hedge funds own 99.18% of the company’s stock.

About Brixmor Property Group

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 425 retail centers comprise approximately 74 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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