$0.48 EPS Expected for Brixmor Property Group Inc. (NYSE:BRX) This Quarter

Equities analysts forecast that Brixmor Property Group Inc. (NYSE:BRXGet Rating) will post earnings of $0.48 per share for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Brixmor Property Group’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.47. Brixmor Property Group reported earnings of $0.46 per share during the same quarter last year, which would suggest a positive year over year growth rate of 4.3%. The firm is expected to issue its next earnings report 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 financial year, with EPS estimates ranging from $1.91 to $1.97. For the next fiscal year, analysts forecast that the business will report earnings of $2.05 per share, with EPS estimates ranging from $2.03 to $2.09. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Brixmor Property Group.

Brixmor Property Group (NYSE:BRXGet Rating) last announced its quarterly earnings results 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 last year, the firm posted $0.44 earnings per share.

Several equities analysts recently weighed in on BRX shares. Wells Fargo & Company lifted their price target 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. Mizuho cut their price objective on Brixmor Property Group from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, February 15th. TheStreet upgraded Brixmor Property Group from a “c” rating to a “b-” rating in a research note on Tuesday, February 8th. StockNews.com initiated coverage on Brixmor Property Group in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Brixmor Property Group from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, March 31st. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.46.

Shares of Brixmor Property Group stock traded down $0.30 on Friday, hitting $23.18. The company’s stock had a trading volume of 60,012 shares, compared to its average volume of 2,331,073. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.65 and a current ratio of 0.65. Brixmor Property Group has a 1 year low of $21.01 and a 1 year high of $27.19. The firm has a fifty day moving average price of $25.16 and a 200-day moving average price of $24.94. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 23.96, a price-to-earnings-growth ratio of 1.73 and a beta of 1.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Tuesday, July 5th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Friday, July 1st. Brixmor Property Group’s dividend payout ratio is presently 97.96%.

In other Brixmor Property Group news, insider Brian T. Finnegan sold 5,000 shares of the company’s stock in a transaction on Friday, April 1st. The stock was 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 in the company, valued at $3,893,622.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James M. Taylor, Jr. sold 20,000 shares of the company’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $26.50, for a total value of $530,000.00. Following the transaction, the chief executive officer now owns 506,661 shares in the company, valued at $13,426,516.50. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $1,304,900 over the last quarter. 0.64% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of BRX. Wellington Management Group LLP increased its position in shares of Brixmor Property Group by 99.4% during the first quarter. Wellington Management Group LLP now owns 20,119,950 shares of the real estate investment trust’s stock worth $519,296,000 after acquiring an additional 10,028,534 shares during the period. JPMorgan Chase & Co. increased its holdings in Brixmor Property Group by 17.5% in the fourth quarter. JPMorgan Chase & Co. now owns 30,237,387 shares of the real estate investment trust’s stock valued at $768,332,000 after buying an additional 4,493,274 shares during the last quarter. Norges Bank purchased a new position in Brixmor Property Group in the fourth quarter valued at $75,388,000. Invesco Ltd. increased its holdings in Brixmor Property Group by 30.1% in the third quarter. Invesco Ltd. now owns 9,158,057 shares of the real estate investment trust’s stock valued at $202,485,000 after buying an additional 2,116,347 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Brixmor Property Group by 6.1% in the fourth quarter. BlackRock Inc. now owns 35,956,258 shares of the real estate investment trust’s stock valued at $913,647,000 after buying an additional 2,078,502 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Brixmor Property Group Company Profile (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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Earnings History and Estimates for Brixmor Property Group (NYSE:BRX)

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