Zacks: Brokerages Anticipate Brixmor Property Group Inc (NYSE:BRX) Will Announce Earnings of $0.48 Per Share

Equities analysts expect Brixmor Property Group Inc (NYSE:BRX) to report $0.48 earnings per share for the current quarter, according to Zacks. Five analysts have provided estimates for Brixmor Property Group’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.47. Brixmor Property Group posted earnings of $0.40 per share during the same quarter last year, which suggests a positive year over year growth rate of 20%. The company is scheduled to report its next earnings report on Monday, February 10th.

On average, analysts expect that Brixmor Property Group will report full year earnings of $1.92 per share for the current year, with EPS estimates ranging from $1.90 to $1.93. For the next fiscal year, analysts anticipate that the company will post earnings of $1.97 per share, with EPS estimates ranging from $1.95 to $2.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Brixmor Property Group.

Brixmor Property Group (NYSE:BRX) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.20). Brixmor Property Group had a return on equity of 10.41% and a net margin of 24.75%. The business had revenue of $292.97 million for the quarter, compared to analyst estimates of $290.51 million. During the same period in the previous year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was down 4.4% on a year-over-year basis.

BRX has been the topic of several recent analyst reports. ValuEngine raised Brixmor Property Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday. KeyCorp raised their price target on Brixmor Property Group from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Barclays restated a “hold” rating and set a $21.00 price target on shares of Brixmor Property Group in a research note on Sunday, October 13th. Zacks Investment Research upgraded shares of Brixmor Property Group from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, October 29th. Finally, Evercore ISI lowered shares of Brixmor Property Group from an “outperform” rating to an “in-line” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $20.28.

Shares of Brixmor Property Group stock traded up $0.29 during trading on Tuesday, reaching $21.69. The company’s stock had a trading volume of 2,333,680 shares, compared to its average volume of 3,107,636. Brixmor Property Group has a 1-year low of $14.11 and a 1-year high of $22.74. The company has a 50-day simple moving average of $21.59 and a two-hundred day simple moving average of $19.37. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.76. The company has a market cap of $6.42 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 2.44 and a beta of 0.73.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, January 6th will be paid a $0.285 dividend. This is a positive change from Brixmor Property Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 5.26%. Brixmor Property Group’s dividend payout ratio (DPR) is 60.54%.

In other news, insider Steven F. Siegel sold 7,500 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $22.01, for a total value of $165,075.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian T. Finnegan sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $22.24, for a total value of $66,720.00. Following the completion of the transaction, the insider now owns 224,646 shares of the company’s stock, valued at $4,996,127.04. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank acquired a new position in Brixmor Property Group in the 3rd quarter worth approximately $26,000. Phocas Financial Corp. acquired a new stake in Brixmor Property Group during the 2nd quarter valued at approximately $53,000. Institutional & Family Asset Management LLC acquired a new stake in Brixmor Property Group during the 3rd quarter valued at approximately $55,000. First Quadrant L P CA lifted its stake in Brixmor Property Group by 1,263.2% during the 3rd quarter. First Quadrant L P CA now owns 3,040 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 2,817 shares during the period. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Brixmor Property Group in the 2nd quarter valued at $82,000. 99.20% of the stock is owned by hedge funds and other institutional investors.

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 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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