Brixmor Property Group (NYSE:BRX – Get Rating) is set to announce its earnings results after the market closes on Monday, May 2nd. Analysts expect the company to announce earnings of $0.47 per share for the quarter. Brixmor Property Group has set its FY 2022 guidance at $1.860-$1.950 EPS.Investors interested in participating in the company’s conference call can do so using this link.
Brixmor Property Group (NYSE:BRX – Get Rating) last released its quarterly earnings results on Monday, February 7th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.09. Brixmor Property Group had a return on equity of 10.02% and a net margin of 23.45%. The firm had revenue of $295.32 million during the quarter, compared to analysts’ expectations of $285.40 million. During the same period last year, the firm posted $0.33 EPS. The business’s revenue was up 9.6% on a year-over-year basis. On average, analysts expect Brixmor Property Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
BRX stock opened at $26.00 on Monday. The business has a fifty day moving average price of $25.38 and a 200 day moving average price of $24.83. Brixmor Property Group has a fifty-two week low of $21.01 and a fifty-two week high of $27.19. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 1.88 and a beta of 1.62. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.12 and a quick ratio of 1.12.
Several equities research analysts have recently commented on BRX shares. Deutsche Bank Aktiengesellschaft lifted their target price on Brixmor Property Group from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, March 31st. KeyCorp lifted their target price on Brixmor Property Group from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, January 13th. Truist Financial raised Brixmor Property Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $26.00 to $29.00 in a research note on Tuesday, January 18th. Zacks Investment Research cut Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Monday, February 28th. Finally, Wells Fargo & Company lifted their target price on Brixmor Property Group from $24.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, April 7th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.46.
In other Brixmor Property Group news, CEO James M. Taylor, Jr. sold 20,000 shares of Brixmor Property Group stock in a transaction dated Tuesday, April 19th. The stock was sold at an average price of $26.50, for a total transaction of $530,000.00. Following the transaction, the chief executive officer now directly owns 506,661 shares in the company, valued at $13,426,516.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian T. Finnegan sold 5,000 shares of Brixmor Property Group stock in a transaction dated Friday, April 1st. The stock was sold at an average price of $25.84, for a total value of $129,200.00. Following the transaction, the insider now owns 150,682 shares in the company, valued at $3,893,622.88. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock worth $1,815,950 over the last 90 days. 0.64% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. NEXT Financial Group Inc lifted its holdings in Brixmor Property Group by 86.5% during the fourth quarter. NEXT Financial Group Inc now owns 19,432 shares of the real estate investment trust’s stock worth $494,000 after acquiring an additional 9,010 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $835,000. LPL Financial LLC lifted its holdings in shares of Brixmor Property Group by 7.4% in the third quarter. LPL Financial LLC now owns 38,440 shares of the real estate investment trust’s stock valued at $850,000 after purchasing an additional 2,647 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of Brixmor Property Group in the fourth quarter valued at about $1,172,000. Finally, Metropolitan Life Insurance Co NY lifted its holdings in shares of Brixmor Property Group by 6.8% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 72,702 shares of the real estate investment trust’s stock valued at $1,847,000 after purchasing an additional 4,611 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.
About Brixmor Property Group (Get Rating)
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.
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