Brixmor Property Group (NYSE:BRX) Issues Quarterly Earnings Results, Misses Estimates By $0.22 EPS

Brixmor Property Group (NYSE:BRX) announced its earnings results on Sunday. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.22), MarketWatch Earnings reports. Brixmor Property Group had a return on equity of 6.07% and a net margin of 14.75%. The company had revenue of $279.75 million during the quarter, compared to analysts’ expectations of $265.51 million. During the same quarter last year, the firm posted $0.46 earnings per share. The firm’s revenue was down .9% on a year-over-year basis.

Shares of BRX stock traded down $0.21 on Tuesday, hitting $22.09. 2,313,411 shares of the stock traded hands, compared to its average volume of 2,460,089. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 41.68 and a beta of 1.63. The firm has a 50 day simple moving average of $20.95 and a two-hundred day simple moving average of $17.54. Brixmor Property Group has a 52 week low of $8.70 and a 52 week high of $22.90.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Monday, April 5th were given a dividend of $0.215 per share. The ex-dividend date was Thursday, April 1st. This represents a $0.86 annualized dividend and a dividend yield of 3.89%. Brixmor Property Group’s payout ratio is 45.03%.

In other Brixmor Property Group news, insider Carolyn Carter Singh sold 5,000 shares of Brixmor Property Group stock in a transaction on Monday, April 26th. The shares were sold at an average price of $22.00, for a total value of $110,000.00. Following the sale, the insider now directly owns 233,768 shares in the company, valued at approximately $5,142,896. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Angela M. Aman sold 7,500 shares of Brixmor Property Group stock in a transaction on Monday, April 26th. The shares were sold at an average price of $22.00, for a total transaction of $165,000.00. Following the completion of the sale, the chief financial officer now owns 102,469 shares in the company, valued at $2,254,318. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,000 shares of company stock worth $636,800. 0.44% of the stock is currently owned by insiders.

Several analysts have issued reports on BRX shares. Truist upped their price target on shares of Brixmor Property Group from $17.00 to $20.00 in a research report on Friday, March 5th. Zacks Investment Research downgraded shares of Brixmor Property Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 14th. Mizuho increased their price target on shares of Brixmor Property Group from $16.00 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 23rd. Bank of America raised shares of Brixmor Property Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $17.00 to $18.50 in a research note on Tuesday, January 19th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Brixmor Property Group in a report on Monday, March 15th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.23.

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 395 retail centers comprise approximately 69 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.

Read More: Environmental, Social, and Governance (ESG) Investing

Earnings History for Brixmor Property Group (NYSE:BRX)

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