Brixmor Property Group Inc (NYSE:BRX) Expected to Announce Earnings of $0.48 Per Share
Equities research analysts expect Brixmor Property Group Inc (NYSE:BRX) to post earnings per share of $0.48 for the current quarter, according to Zacks. Five analysts have issued estimates for Brixmor Property Group’s earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.47. Brixmor Property Group posted earnings of $0.40 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, February 10th.
According to Zacks, 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 $1.91 to $1.93. For the next year, analysts expect that the business will post earnings of $1.97 per share, with EPS estimates ranging from $1.96 to $2.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Brixmor Property Group.
Brixmor Property Group (NYSE:BRX) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $292.97 million for the quarter, compared to analysts’ expectations of $290.51 million. During the same quarter in the previous year, the business posted $0.42 EPS. The business’s quarterly revenue was down 4.4% compared to the same quarter last year.
BRX stock traded down $0.04 during midday trading on Friday, hitting $20.48. 16,315 shares of the company’s stock were exchanged, compared to its average volume of 1,869,129. The business has a 50-day simple moving average of $21.28 and a two-hundred day simple moving average of $20.04. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1.76. The stock has a market capitalization of $6.11 billion, a PE ratio of 11.08, a P/E/G ratio of 2.35 and a beta of 0.72. Brixmor Property Group has a 1-year low of $15.61 and a 1-year high of $22.74.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th will be paid a dividend of $0.285 per share. This is a boost from Brixmor Property Group’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, January 3rd. This represents a $1.14 annualized dividend and a yield of 5.57%. Brixmor Property Group’s dividend payout ratio (DPR) is 61.62%.
In other news, insider Brian T. Finnegan sold 3,000 shares of Brixmor Property Group stock in a transaction on 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 sale, the insider now directly owns 224,646 shares of the company’s stock, valued at $4,996,127.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steven F. Siegel sold 7,500 shares of Brixmor Property Group stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $21.37, for a total value of $160,275.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,000 shares of company stock valued at $455,070. 0.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of BRX. Private Advisor Group LLC lifted its position in shares of Brixmor Property Group by 2.8% during the second quarter. Private Advisor Group LLC now owns 23,469 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 643 shares during the last quarter. 6 Meridian lifted its stake in Brixmor Property Group by 2.6% in the fourth quarter. 6 Meridian now owns 29,406 shares of the real estate investment trust’s stock valued at $635,000 after acquiring an additional 757 shares during the last quarter. Profund Advisors LLC lifted its stake in Brixmor Property Group by 2.0% in the second quarter. Profund Advisors LLC now owns 44,044 shares of the real estate investment trust’s stock valued at $788,000 after acquiring an additional 849 shares during the last quarter. California State Teachers Retirement System lifted its stake in Brixmor Property Group by 0.3% in the third quarter. California State Teachers Retirement System now owns 481,856 shares of the real estate investment trust’s stock valued at $9,777,000 after acquiring an additional 1,233 shares during the last quarter. Finally, Huntington National Bank acquired a new stake in Brixmor Property Group in the third quarter valued at $26,000. 99.20% of the stock is owned by institutional investors and hedge funds.
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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