Analysts Expect Brixmor Property Group Inc. (NYSE:BRX) Will Post Earnings of $0.48 Per Share

Wall Street brokerages expect Brixmor Property Group Inc. (NYSE:BRX – Get Rating) to announce $0.48 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Brixmor Property Group’s earnings. The lowest EPS estimate is $0.47 and the highest is $0.49. Brixmor Property Group posted earnings of $0.46 per share during the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Brixmor Property Group will report full-year earnings of $1.93 per share for the current fiscal year, with EPS estimates ranging from $1.91 to $1.97. For the next year, analysts anticipate that the firm will post earnings of $2.05 per share, with EPS estimates ranging from $2.03 to $2.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Brixmor Property Group.

Brixmor Property Group (NYSE:BRX – Get Rating) last announced its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. Brixmor Property Group had a return on equity of 10.92% and a net margin of 25.39%. During the same period in the previous year, the business posted $0.44 earnings per share.

Several research analysts have recently commented on BRX shares. Truist Financial raised shares of Brixmor Property Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $29.00 in a report on Tuesday, January 18th. Zacks Investment Research cut shares of Brixmor Property Group from a “buy” rating to a “hold” rating in a research note on Monday, February 28th. TheStreet raised shares of Brixmor Property Group from a “c” rating to a “b-” rating in a research note on Tuesday, February 8th. Wells Fargo & Company lifted their price target on shares of Brixmor Property Group from $24.00 to $26.00 and gave the stock an “equal weight” rating in a report on Thursday, April 7th. Finally, StockNews.com started coverage on shares of Brixmor Property Group in a report on Thursday, March 31st. They set a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.46.

In other news, insider Steven F. Siegel sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $26.00, for a total transaction of $520,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian T. Finnegan sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $25.84, for a total transaction of $129,200.00. Following the transaction, the insider now directly owns 150,682 shares of the company’s stock, valued at $3,893,622.88. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $1,304,900 in the last 90 days. Corporate insiders own 0.64% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BRX. Renaissance Technologies LLC bought a new position in Brixmor Property Group during the third quarter valued at $7,752,000. Gilman Hill Asset Management LLC increased its position in Brixmor Property Group by 7.5% during the 4th quarter. Gilman Hill Asset Management LLC now owns 43,105 shares of the real estate investment trust’s stock valued at $1,095,000 after purchasing an additional 3,020 shares during the period. JPMorgan Chase & Co. increased its position in Brixmor Property Group by 17.5% during the 4th quarter. JPMorgan Chase & Co. now owns 30,237,387 shares of the real estate investment trust’s stock valued at $768,332,000 after purchasing an additional 4,493,274 shares during the period. State of New Jersey Common Pension Fund D increased its position in Brixmor Property Group by 1.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 430,722 shares of the real estate investment trust’s stock valued at $10,945,000 after purchasing an additional 4,358 shares during the period. Finally, Putnam Investments LLC bought a new stake in shares of Brixmor Property Group in the 3rd quarter valued at about $4,393,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Shares of BRX stock opened at $23.88 on Friday. The firm has a 50 day moving average price of $25.20 and a two-hundred day moving average price of $24.95. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $7.15 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 1.72 and a beta of 1.52. Brixmor Property Group has a 12-month low of $21.01 and a 12-month high of $27.19.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Tuesday, July 5th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Friday, July 1st. Brixmor Property Group’s payout ratio is 97.96%.

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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